Practice

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
Profession

Sunday News Roundup 23.05.14: CPAB historic disclosure, PwC Oz, and more Canadian accounting news

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

Vancouver accounting firm Smythe LLP first Canadian audit firm to be publicly censured by regulator under new disclosure rules

Changes to enforcement disclosure rules by CPAB means more transparency from audit regulator, more public scrutiny of Canadian auditors
Practice

Why the Canada Revenue Agency tax workers strike was good for Canadian accountants

All sides will benefit from the tentative settlement and four years of labour peace. But technology investment is mitigating the impact of CRA strikes
Practice

The Alternative Minimum Tax Goes Mainstream

Stephen Bowman and John (Jay) Winters of Bennett Jones present a capital gains case study on the impact to taxpayers of changes to the AMT regime
Profession

Sunday News Roundup 23.04.30: Tax Deadline Day to pass despite CRA strike and more Canadian accounting news

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

Sunday News Roundup 23.04.23: PwC Canada sues KPMG and more Canadian accounting news

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

One way CPAs leak confidential information to the CRA

Accountants that unthinkingly send the Agency tax appeal invoices may improperly reveal solicitor-client communications and more, says tax litigator Peter Aprile
Profession

Sunday News Roundup 23.04.16: CRA strike talks continue and more Canadian accounting news

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

Special Report: Overall audit quality drops at Canadian accounting firms as audit regulator pursues more transparency

Canadian Public Accountability Board annual inspection report reveals poor performance overall exaggerated by some audit firms
Practice

When the CRA reassessed a taxpayer's tax returns beyond the normal reassessment period

Canadian accountant and tax lawyer David J. Rotfleisch explains how, in Goldhar v The King, a toy salesman successfully appealed a CRA reassessment