Practice

Practice

Government of Canada releases package of proposed domestic and international tax legislation

The tax team at Davies Ward Phillips & Vineberg LLP review August's draft tax legislation released by the Department of Finance for public consultation
Practice

Canada releases modified proposals to amend the General Anti-Avoidance Rule

Martha Macdonald, Gwen Watson and Michael Steele of Torys LLP in Toronto parse the government's August proposals to amend Canada's GAAR legislation
Practice

Standards of tax statutes and tax caselaw must be respected in reply from CRA to taxpayers

The Hillcore Financial decision by the Tax Court Of Canada shows the importance of crafting tax pleadings that follow the rules says David J Rotfleisch
Practice

Deans Knight Income Corporation v. The King – Case Study

Supreme Court's majority decision will add sustenance to the criticism that GAAR creates uncertainty for taxpayers, explains Lorne Saltman of Gardiner Roberts LLP
Practice

CRA's ex parte jeopardy order application must provide full and frank disclosure

Canadian tax accountant and lawyer David J Rotfleisch on a win in Federal Court in a high-profile tax case and a lack of full and frank disclosure from the CRA
Practice

Tax settlement In Canadian tax litigation: Challenges for Canadian taxpayers

Canada's courts say a CRA settlement must be principled and not a compromise, explains Canadian accountant and tax lawyer David J Rotfleisch
Profession

CPAB bans Vancouver accounting firm from auditing publicly listed companies

Audit regulator terminates Hay & Watson audit engagements, censures Calgary-based firm PKF Antares over new audit engagements with risk
Partner Posts

Streamlining accounting workflows and boosting efficiency with Loop

Joining Loop's accounting partnership program empowers accountants to enhance their practice, drive success, and deliver exceptional value to clients
Practice

Sunday News Roundup 23.07.23: US tax pressure, file those T2s, and more Canadian accounting news

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

CRA to introduce new automatic tax filing system as many Canadians miss out on benefits

Tax filing and tax software groups have been actively discouraging the CRA and its U.S. equivalent, the IRS, from implementing automatic returns
Practice

Bill C-47: New rules for reportable and notifiable transactions take effect

Ronald Nobrega and Devon LaBuik of Fasken on the responsibilities imposed on advisors, including tax professionals, by new reportable transactions rules
Practice

Ernst and Young Canada to pay $1.5 million in class action lawsuit over Just Energy audits

The Big Four accounting firm will also provide information relevant to the ongoing litigation against executives censured by the PCAOB
Partner Posts

How entrepreneurship tools are strengthening the relationship between business owners and their accountants

By recommending affordable and accessible entrepreneurship platforms like Ownr, Canadian accountants have a great opportunity to establish stronger professional partnerships with small business clients
Practice

Lawyer-client confidentiality may fail to protect end-product tax documents, says FCA

The BMO Nesbitt Burns decision draws a distinction between legal advice and end-product documents says tax lawyer and accountant David J Rotfleisch
Transfer Pricing

Royal Bank Of Canada: A common sense approach to tax treaty interpretation

Michael Hunt and Steven Wenham of Herbert Smith Freehills LLP explain a transfer pricing ruling in the UK Supreme Court in favour of RBC and an oil exploration loan
Profession

Canadian audit watchdog CPAB sanctions third BC accounting firm this year

Smythe LLP, Manning Elliott LLP, and DMCL have all been barred by the Canadian Public Accountability Board from accepting new, high-risk clients
Thought Leaders

GAAR Clips Westminster’s Wings

Vern Krishna, whose work was cited in the Deans Knight decision by the Supreme Court of Canada, explains the history of the Westminster principle and GAAR
Practice

How to legitimately defer the worst of Canada's departure tax when becoming a non-resident and moving to another country

The departure tax can create a substantial and unforeseen tax bill for the unaware emigrating taxpayer explains tax lawyer and accountant David J. Rotfleisch
Thought Leaders

Deans Knight: The return of the GAAR

The Supreme Court of Canada's decision in Deans Knight is a breath of fresh air and strikes a more appropriate balance, says Allan Lanthier
Practice

Burden of proof for misrepresentation in tax reassessments is high — and rests with the CRA

In a recent Tax Court of Canada case, the Canada Revenue Agency's proof was flimsy, says Canadian accountant and tax lawyer David J Rotfleisch
Thought Leaders

US banking failures: the role of big auditors in another financial crisis

A state auditor would be better than accounting firms at policing systemically important institutions such as banks
Profession

Sunday News Roundup 23.05.28: The Deans Knight Rises, Big Four soaps, and more Canadian accounting news

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

Special Report: Foreign accounting firms dominated Canadian mid-tiers in 2022 and the audit regulator is concerned

Audit firms based in the United States made the most net client gains in the Canadian mid-tier accounting sector, according to data compiled by Audit Analytics
Practice

GST/HST tax fraud is a ‘special operation' at the Canada Revenue Agency

It involves fraudulent refund claims, fake invoicing, and GST/HST evasion through off-the-books cash sales, explains tax lawyer and accountant David J. Rotfleisch
Profession

Special Report: KPMG Canada beats Big Four accounting rivals in net new client gains

But Ernst and Young Canada was the real winner in new audit engagements in 2022, according to data compiled by Audit Analytics