Profession

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
IRS is using $60B funding boost to ramp up use of technology to collect taxes — not just hiring more enforcement agents
After a decade of underfunding, the Internal Revenue Agency is receiving a cash injection, similar to the reinvestment in the CRA by the Trudeau government
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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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Profession
2023 Canadian Accounting Hall of Fame inductees includes forensic accountant Al Rosen, prominent critic of profession
Founders of the Profession category includes critic of international financial reporting standards, cannabis company accounting, audit scandals and more
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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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- VIEWS 160

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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Profession
Sunday News Roundup 23.08.13: Greenbelt giveaway, BDO bought, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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- VIEWS 160

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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- VIEWS 160

Profession
Sunday News Roundup 23.08.06: CPAB auditor crackdown and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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- LIKES 149
- VIEWS 160

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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- VIEWS 160

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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- VIEWS 160

Profession
CIMA and CPA Canada sign Memorandum of Understanding
MOU will mean a wider range of employment opportunities for CPAs and will allow Canadian businesses access to a deeper pool of management accounting talent
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- VIEWS 160

Profession
Sunday News Roundup 23.07.30: Profiles in pilfering, plus internal ethics and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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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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- VIEWS 160

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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- LIKES 149
- VIEWS 160

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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Profession
Sunday News Roundup 23.07.16: CPA BC quiet on rift, the Big Manitoba Con, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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- VIEWS 160

Taxation
10 fun facts about taxes in Canada
Who pays more? Individuals or corporations? Is Canada a tax haven? And who is paying their fair share? We have the answers courtesy of Canadian Tax Facts
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- VIEWS 160

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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