Practice
Business
Thunder Bay: Doane Grant Thornton helps business leaders make a vibrant community
Doane Grant Thornton, which recently rebranded, held a Vibrant Communities civic improvement event at Fort William Historical Park for Thunder Bay business
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Practice
How to use "well accepted accounting principles" to your advantage to calculate business or property income for a taxation year
Canadian accountant and tax lawyer David J Rotfleisch explains how accounting standards like GAAP and IFRS pertain to business and personal income taxation
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Practice
Case Commentary: Glencore v. Canada – How are commitment and break fees in M&A transactions taxed? Windfall or business income?
When the Supreme Court of Canada denied Glencore’s leave to appeal, it ended a 30-year tax dispute, and characterized complex M&A fees as business income
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Thought Leaders
The Big Four accounting firms often consult for the same clients they audit. Should that be allowed?
Accounting research shows that the Big Four, when engaged as compensation consultants, appear to uphold more rigorous standards than smaller counterparts
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Partner Posts
Report: Canadian small business owners’ financial literacy skills come up short
David Emmerman of Xero explains how Canadian accountants and bookkeepers can empower small business owners with the financial resources they need
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Profession
Sunday News Roundup 24.10.27: St-Jean moved on, policing and property taxes, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Practice
Case Commentary: When can directors, employees, independent contractors claim the small business deduction?
The Supreme Court of Canada recently denied leave to a taxpayer’s unusual appeal of a Tax Court decision, explains Canadian tax lawyer David J Rotfleisch
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Partner Posts
The Accountant's Manifesto: Expecting more from Canada's financial system
In today’s fast-paced business world, why is money still moving at a snail’s pace? Every Canadian accountant knows the frustration of delayed transactions
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Practice
When can the federal court quash abusive CRA decisions to assess taxes?
In Milgram Foundation, the Federal Court recognized the finality of the CRA's acceptance of a voluntary disclosure application, explains David J Rotfleisch
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Profession
DMCL continues PCAOB audit inspection results with lower deficiency rates
Public Company Accounting Oversight Board in the United States releases audit inspection results for Vancouver-based Dale Matheson Carr Hilton LaBonte LLP
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Practice
Tax practice reminder — there is no accountant-client privilege
A recent Tax Court case is a reminder that taxpayers and accountants must carefully consider the nature of communications, says Molly Luu of Miller Thomson
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Profession
Canadian accounting firm Grant Thornton LLP rebrands nationally, shifts business focus
Doane Grant Thornton brand celebrates Canadian roots as national accounting firm shifts from public company audits to assurance, tax and advisory services
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Profession
US audit watchdog censures, fines Canadian accounting firms Crowe MacKay, Grant Thornton
Public Company Accounting Oversight Board in the United States fines two Canadian auditors for violation of audit committee communications rules in audits
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Practice
Employees Beware: Upcoming legislation affecting capital gains will impact employee stock options
David J Rotfleisch explains how Department of Finance changes to legislation, which are expected to be retroactive to June 25, 2024 will affect stock options
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Practice
Second American accounting firm penalized by CPA Ontario over unlicensed audit work
The prosecution of BF Borgers and its principal by the Chartered Professional Accountants of Ontario closes another chapter in the Canadian cannabis story
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Practice
Are poker winnings now taxable In Canada? A Canadian tax lawyer's analysis of four Tax Court Of Canada recent poker decisions
When a taxpayer relies on other means to sustain their lifestyle, poker-playing activities fail to comprise a source of income, explains David J Rotfleisch
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Practice
PCAOB releases two new, divergent inspection reports for Canadian accounting firms
While Deloitte Canada continued its recent record of success, Kreston GTA respectfully disagrees with significant deficiencies cited by the US audit watchdog
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Practice
How lower income individuals can receive valuable tax benefits by using CRA's new free SimpleFile program
The Canada Revenue Agency has invited more than 1.5 million lower- or fixed-income Canadians with simple tax situations to use the SimpleFile pilot program.
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Practice
Is it easier for the IRS to collect Canadian tax debt?
Lori Bokenfohr and Christopher Steeves of Fasken deconstruct a recent US Tax Court example of considerable multilateral cooperation between the IRS and CRA
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Practice
Crossing the border, part three: Individual retirement plan tax issues for Canadian and American expatriates
In the final part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at tax situations in which U.S. residents with IRA and Roth IRA funds relocate to Canada
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Practice
Crossing the border, part two: Individual retirement plan tax issues for Canadian and American expatriates
In the second part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at Canadian residents with RRSP and TFSA funds who expatriate to the United States
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- VIEWS 160
Practice
Taxpayers Beware: CRA’s new tools for catching tax evasion, avoiding tax debt
As David J Rotfleisch explains, the most recent federal budget included plans to hold tax professionals accountable as well as notices of non-compliance
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Practice
Crossing the border, part one: Individual retirement plan tax issues for Canadian and American expatriates
In the first part of a three-part series on cross-border tax issues, Professor George Gonzalez presents an overview of individual employee retirement plans in Canada and the United States
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- VIEWS 160
Practice
Active Asset Management v. The King Case Study
Lorne Saltman of Gardiner Roberts LLP on a recent Tax Court dispute as to whether declared dividends and promissory notes constituted a transfer of property
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Profession
Two more accounting firms censured by Canadian audit watchdog thus far in 2024
Canadian Public Accountability Board prohibits Kingston Ross Pasnak and Macias Gini & O’Connell from accepting new medium and high-risk reporting issuers
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