Profession

Profession

Canadian Public Accountability Board eases enforcement action against PKF Antares

Alberta accounting firm allowed to accept new medium-risk reporting issuer audit clients, but some restrictions remain, says Canadian audit watchdog CPAB
Practice

Tax Court Of Canada is not ‘slap-dash,' nor tolerates sloppy examination for discovery

David J Rotfleisch explains why the Tax Court of Canada, in Whistler Blackcomb Holdings Inc. v The King, 2025, dismissed the CRA's motion for a new nominee
Profession

US audit watchdog finds multiple deficiencies in Vancouver accounting firm Smythe LLP audits

The US Public Company Accounting Oversight Board determined Smythe LLP had a 100 per cent deficiency rate in three 2023 audits the PCAOB inspected in 2024
Thought Leaders

Oh, what a tangled web: The taxation of foreign affiliates

Allan Lanthier examines a dispute before the Tax Court of Canada involving Brookfield Corporation and controlled foreign affiliates in Bermuda and Barbados
Municipal

New Brunswick: New municipal fiscal framework announced by N.B. government

Expanded funding from the province is welcome news to New Brunswick municipalities, but a property assessment freeze has withered its delivery
Practice

Loss-trading transactions to avoid paying tax disallowed by Tax Court Of Canada (GAAR rule)

In Total Energy Services v. HMK, the FCA upheld a Tax Court ruling that complex transactions satisfied three conditions of the general anti-avoidance rule
Business

Number of St. Catharines properties in tax arrears soars under current council

Recent property tax increases not due to inflationary pressures impacting most residents across Ontario but largely due instead to excessive labour costs
Profession

Sunday News Roundup 25.05.04: Federal election disappoints accountants and more Canadian accounting news

Our weekly Canadian accounting news roundup includes election disappointment among conservative accountants, the PCAOB fighting to survive, and more.
Business

Property taxes in Whitehorse, explained

The Yukon calculates property taxes differently than in other parts of Canada, primarily due to a lack of data, which impairs market value assessments
Practice

Case Commentary: Ayre v the King – Convoluted charitable gifts made through questionable financing transactions

Canadian tax lawyer and accountant David J Rotfleisch examines donative intent under Section 118.1 of the Income Tax Act in a pharmaceutical donation case
Profession

Sunday News Roundup 25.04.27: Election tax talk, CRA mishaps, PCAOB gutting, and more Canadian accounting news

Our weekly Canadian accounting news roundup includes tax commentary during the federal election campaign, the end of the PCAOB, mishaps at the CRA and more
Partner Posts

How accountants can navigate tax implications for wealthy Canadian investors in a shifting political landscape

Four strategic tips during election season for accountants and your clients from Brian McGlynn of investment portfolio accounting software Wealth Write.Up
Thought Leaders

Why accountants should spend less time on the numbers and more time explaining the results 

Accounting standards are becoming so complicated, says Philip Maguire, CPA, CA, that we have lost the ability to explain the results
Partner Posts

Five years post-Covid: Reflecting on accounting’s 'new normal'

Chad Davis and Josh Zweig, co-founders of LiveCA, talk to Ben Richmond of Xero about professional practice and how to meet the moment as a modern accountant
Thought Leaders

Optimizing Canada's balance sheet: The untapped value of natural assets

Canada’s natural assets could one day be reflected in government financial statements, says Bailey Church of KPMG, as the tides of accounting are shifting
Business

Brampton: The Carbon Tax Gamble – The ‘cost of climate inaction’ will be bigger than short-term relief at the pump

A feature report from Brampton, Ontario on the history of carbon pricing in Canada and how the consumer carbon tax was sacrificed in a political chess game
Thought Leaders

Why tax literacy should be a national priority in Canada

Now is the time for Canada to advance tax literacy, as both authorities and society as a whole can strengthen democracy and build a more informed public
Profession

Which Big Four accounting firm failed its annual inspection (again)? Maybe we’ll find out in 2026

The Canadian Public Accountability Board has released its annual inspection results. One Canadian firm continues to show no public audit improvement
Business

Alberta: Working group to explore unpaid oil and gas property tax problem

After months of sustained pressure from municipalities and media, Alberta has announced a working group to solve issue of unpaid oil and gas property taxes
Practice

Case Commentary: Canada v. Csak – Why filing a waiver for a tax reassessment must be done within the normal reassessment period

Closing a dispute that had lasted for more than 10 years, the Federal Court of Appeal overturned a Tax Court waiver decision, explains David J Rotfleisch
Thought Leaders

Who really killed Canada’s carbon tax? Friends and foes alike

While the tax could be replaced by an equally effective tool, its repeal increases uncertainty about Canada’s ability to support climate change mitigation
Practice

New guidance from the CRA: Transactions subject to the GAAR

The Canada Revenue Agency is now offering guidance on the application of the amended GAAR through a webpage, explains Raffaella Garofalo of Miller Thomson
Profession

Historic change to audit inspection reports announced by Canadian accounting watchdog

With its rules now changed, the Canadian Public Accountability Board will begin to name names in its annual audit inspection reports, beginning in Q1 2026
Business

Sunday News Roundup 25.03.30: Considering Carney and more Canadian accounting news

Our weekly Canadian accounting news roundup includes Mark Carney and his Brookfield track record, accounting firm dealbook, articles of interest and more
Thought Leaders

CPAs in 2025: Frustrated, overworked, and underappreciated

From uncertainty to compliance to staffing, Chartered Professional Accountants say their stress is not offset by client appreciation, reports Dean Blachford