Practice
Practice
Tax fraud and tax evasion in the same case: Analysis of Regina v Reynolds
A case before the BC Supreme Court included violations of the Income Tax Act and Excise Tax Act explains Canadian accountant and lawyer David J Rotfleisch
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Practice
Deans Knight will have a serious impact on tax planning & tax disputes
The courts will increasingly gravitate toward the minority approach in the Deans Knight decision, assert the tax lawyers of Counter Tax Litigators
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Practice
SR&ED Tax Credits upheld by Tax Court Of Canada in Canafric Inc. v. The King
Developing new recipes qualifies for Scientific Research and Experimental Development credits, explains David J Rotfleisch, when you make frozen pies
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Profession
PCAOB finds faults in more than half of PwC Canada, BC accounting firms' audits
US audit watchdog releases inspection reports with multiple deficiencies for PwC Canada, De Visser Gray LLP, and Harbourside CPA LLP
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Profession
Another BC accounting firm punished by audit regulators
The Public Company Accounting Oversight Board in the United States has censured Canadian firm K.R. Margetson and its principal, Keith R. Margetson
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Practice
CRA routinely disallows parking expense claims, even for life-threatening illnesses
It is not the Tax Court's job to provide equitable relief, David Rotflesich explains, as the Income Tax Act provides a bright-line test for medical expense tax credits
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Thought Leaders
Benefits of paperless processing for taxpayers: Lessons for CRA from the IRS
Canadian taxpayers will benefit if the CRA follows the IRS in the paperless processing of income tax returns but not at the expense of customer service
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Practice
Are CRA publications clear and easy to understand? Can Canadian taxpayers trust their information?
Canadian tax lawyer and accountant David J Rotfleisch explains why taxpayers should not necessarily trust CRA publications such as folios, bulletins and circulars
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Partner Posts
Accountants: When is the right time for your sole proprietor or partnership clients to incorporate?
Does your accounting firm have clients that are in a position where incorporation makes sense? Ownr’s professional partner program can help
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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