Taxation

Business

Taber, Alberta: Shields calls for ‘relief’ during economy debate

In the House of Commons, fact and fiction aren’t always absolutes; they’re often selective interpretations of cherry-picked data, on food banks or taxation
Business

Midland mayor says premier promises relief for 'absurd' OPP costs

Ontario taxpayers may be saved from municipal property tax hikes if Doug Ford fixes ridiculous increase in police billing costs of new provincial contract
Profession

Sunday News Roundup 24.11.10: Trump taxes and trade, audit watchdog heeled, and more Canadian accounting news

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

New Brunswick: A $29M fight over big industry taxes

New Brunswick business supports a Liberal plan to give all industrial property taxes to municipalities but is wary of decoupling taxation from the province
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
Business

Canadians are being given muddied information about the carbon tax; the facts are crystal clear — it saves money for most

Pierre Poilievre’s axe the tax message ignores the benefits of the carbon tax for most Canadians and avoids its real target — corporations and the wealthy
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
Business

Increased policing costs will impact all municipal budgets

Municipalities seeing shocking increases in Ontario Provincial Police costs and future property tax levies after Ford government’s OPP collective agreement
Business

Carbon rebate 'double-double' helps Gananoque business

Federal Environment Minister Steven Guilbeault was in Gananoque to present a one-time rural top-up Canada Carbon Rebate to the owners of the Pistachio Café
Business

Willow Creek, Alberta: Carbon tax survey raises council’s ire

Alberta municipality Willow Creek responds with claims, complaints, confusion to provincial government survey on negative impacts of the federal carbon tax
Business

Alberta: Kneehill County writes off $68k in unpaid oil and gas property taxes

The Alberta municipality, vocal in its concern over unpaid property taxes, has turned over the wells of four oil companies to the Orphan Wells Association
Business

Rebate among initiatives to assist businesses

Small and medium-sized businesses will benefit from three federal initiatives says Federal Indigenous Services Minister Patty Hadju in Thunder Bay, Ontario
Provincial

New Brunswick: Milestone or millstone? Shared-risk pension, 10 years on

Proponents say switching public sector workers to the shared-risk PSPP helped save provincial taxpayer dollars. Critics say the plan has performed poorly
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
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
Business

A $50 million battle is brewing at Niagara Region: St. Catharines mayor wants taxpayer dollars to help developers

Taxpayers in the Niagara Region will be on the hook for $50 million for developer incentives if the mayor of St. Catharines convinces regional councillors
Business

Sunday News Roundup 24.09.22: NDP backs off carbon tax, free trade disaster, and more Canadian accounting news

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

2024 Tax Planning: Opportunities & Strategies with the Tax Immersion Program

CPA Ontario's inaugural Tax Immersion Program equips Chartered Professional Accountants with the skills needed to thrive in the evolving tax landscape
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
Business

Matheson’s top staffer wants provincial review

Residents of a northern Ontario community petitioning the Ontario government in response to a 34 per cent tax hike following a municipal budget increase
Business

Jasper rebuilds may not be eligible for clean energy upgrade loans

Will Jasper, Alberta taxpayers, whose homes were destroyed by wildfires this year, be allowed to access a municipal clean energy tax program to rebuild?
Business

New ad campaign takes aim at B.C. LNG

A new ad campaign warns LNG expansion in British Columbia is a risk to Canadian taxpayers and counters claims from fossil fuel advocacy group Canada Action
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
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
Business

M.D. of Taber seeking action on unpaid oil and gas taxes

Oil and gas companies owe Alberta municipalities more than $200 million in unpaid property taxes; Taber is owed more than 10 per cent of its annual budget