Practice

Partner Posts

The tax profession's talent crisis: The transformative Certificate of Canadian Income Tax Practice

The Certificate of Canadian Income Tax Practice is a game-changer, that helps attract new talent to the tax profession and prepare them for successful careers
Practice

What is the standard of review for discretionary decisions of the CRA appealed to the federal courts?

Canadian accountant and tax litigation lawyer David J Rotfleisch takes a deep dive into the standards for judicial review of taxpayer appeals to the Federal Courts
Profession

BC accounting firm De Visser Gray censured and fined by US audit watchdog

Public Company Accounting Oversight Board notes repeated use of Canadian Professional Engagement Guide (PEG) audit programs for US audits
Practice

Google reviews for mid-market accounting firms

Dean Blachford of Blachford Tax Law explains how and why accounting firms in Ottawa and Toronto pursue client testimonials on Google Reviews
Partner Posts

So, what exactly is carbon accounting?

In recognition of World Environment Day on June 5th, Tamara Somers explains how accountants can help their clients with carbon accounting through Xero
Thought Leaders

DAC Investment and the GAAR: Did the Tax Court of Canada get it right?

Allan Lanthier is unconvinced by the reasoning in a recent Tax Court of Canada decision involving a Canadian-controlled private corporation and the BVI
Thought Leaders

A Privilege Primer, Part II: Where do accountants fit in under existing Canadian law?

In the second of a three-part series on the Gaudreau case before the FCA in Quebec, Brian Studniberg of Henein Hutchison Robitaille LLP examines the settings in which an accountant’s work product could be protected by legal privilege
Practice

Federal Court Of Appeal overturns GAAR assessment on the existence of alternative transactions

Canadian tax accountant and lawyer David J Rotfleisch explains why the FCA quashed a Tax Court of Canada decision involving a CRA GAAR abuse analysis
Thought Leaders

Crystallizing capital gains before June 25: What about the GAAR?

Allan Lanthier explains why the General Anti-Avoidance Rule, as amended by Bill C-59, should not apply to a planning alternative to new capital gains rules
Practice

Federal Budget 2024 — Proposed Changes to Capital Gains Rules

Greg Farano of Gardiner Roberts LLP does a deep dive into the details of capital gains rule changes that may create uncertainty for taxpayers and their advisers
Profession

EY Canada names Alycia Calvert first female CEO of a Canadian Big Four accounting firm

Current CEO Jad Shimaly transitions to EY global managing partner – client service as part of four-person global team supporting new EY Global boss Janet Truncale
Practice

Case Commentary: Persaud v The King – When can you claim tax deductions (Including medical bills) for dependants?

Tax residence is key, says Canadian tax accountant and lawyer David J Rotfleisch, to claiming medical expense deductions for dependents under the Income Tax Act
Thought Leaders

The new game in town: Capital gains and the alternative minimum tax

The federal government's new capital gains rules have left taxpayers in a pickle says Allan Lanthier. But here's a planning alternative with a deadline of June 24
Thought Leaders

A Privilege Primer, Part I: Gaudreau reminds that there is no accountant-client privilege in Canada. But why?

Can the courts compel Canadian accountants to disclose their tax analysis? In the first of a three-part series, Brian Studniberg of Henein Hutchison Robitaille LLP looks at the Gaudreau case currently before the Federal Court of Appeal in Quebec
Practice

Tax Court Of Canada rejects CRA's attempt to apply gross-negligence penalties in statute-barred years

Canadian accountant and tax lawyer David J Rotfleisch looks at the case of an Alberta restauranteur and an inheritance in Fuhr v. The King
Profession

Sunday News Roundup 24.04.28: More capital gains, more audit powers, and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Profession

Sunday News Roundup 24.04.21 PwC layoffs, MNP BC turmoil, and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Practice

As Big Four foreign firms punished for exam cheating, PwC Canada fines put into perspective

The Public Company Accounting Oversight Board hit KPMG Netherlands with a record US$25-million civil civil penalty for widespread improper answer sharing
Profession

Sunday News Roundup 24.04.07 Bare trusts, KPMG decision, PCAOB-PKF, and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Profession

Two of the Big Four accounting firms failed their audit inspections in 2023 — but we don’t know who

The Canadian Public Accountability Board says it will take at least two years before more transparency is provided as to which firms fail and which succeed
Profession

Sunday News Roundup 24.03.31 Bare trusts laid bare and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Practice

Airbnb sale subject to GST/HST

Amit Ummat and Alisha Butani of Ummat Tax Law provide an overview of the Tax Court of Canada’s ruling in 1351231 Ontario Inc v. The King, 2024 TCC 37
Practice

CPA Ontario fines Deloitte Canada partners over backdating of audit working papers

Five Deloitte partners to pay $40k each in fines and costs for manually overriding computer clocks to backdate audit working papers in multiple engagements
Partner Posts

Driving growth and client success: The power of client advisory services in accounting

Client Advisory Services represent a paradigm shift in public accounting, explains Karen Chalmers of interVal, which automates the discovery process using AI
Practice

How international athletes are taxed in Canada: Toronto Maple Leafs' captain John Tavares embroiled in tax litigation with CRA

Tavares is a high-profile opportunity for the CRA to test the limits to the structuring of athlete salaries explains Canadian accountant and tax lawyer David J Rotfleisch