Profession

Profession

Canadian Accountant’s most popular accounting stories of 2024

From the benefits of a Trump presidency to CRA tax changes, here are the five articles and some honourable mentions that were read the most by accountants
Profession

MNP LLP closes year strong with major acquisition of 21 BDO Canada accounting firms

Homegrown national accounting firm MNP expands its presence in four provinces as a continuation of its ‘national in scope, local in focus’ growth strategy
Profession

Sunday News Roundup 24.12.22: CPA split, first sustainability standards, political chaos and more Canadian accounting news

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

The carbon tax needs fixing, not axing — Canada needs a progressive carbon tax

A progressive tax that punished the wealthy for their outsized emissions would be more palatable than a flat steering tax that hurts low-income Canadians
Partner Posts

2025: The year AI becomes the accountant’s ultimate partner

2025 promises to be pivotal for accounting, says Ben Richmond of Xero, a moment when AI and mobile technology converge to redefine how accountants work
Practice

Court allows Canada-US tax treaty credit against investment tax

Allan Lanthier examines the recent Bruyea decision of the US Court of Federal Claims, which allowed a tax treaty credit against US tax on investment income
Practice

What are a taxpayer's rights during an access to information and privacy (ATIP) request for their own tax records?

Canadian tax lawyer and accountant David J Rotflesich looks at case law involving requests to the Canada Revenue Agency for disclosure of relevant records
Practice

Loupy's: Deemed self-assessment after GST/HST number cancellation

When a taxpayer ceases to be a GST/HST registrant, they can face a significant tax liability, as in the case of Loupy’s Restaurant before the Tax Court of Canada
Profession

CPAB censures Davidson & Company LLP for ‘numerous’ violations of independence rules

Vancouver-based accounting firm censured by Canadian Public Accountability Board based on information disclosed during inspection by US audit watchdog
Business

Carbon pricing has only a 'tiny' impact on inflation: economists

There are measurable costs to carbon pricing but they pale in comparison to global factors; for many Canadians, the tax rebate is far larger than the costs
Business

Sunday News Roundup 24.12.08: Ford rebates policing costs, defanging the audit watchdogs, and more Canadian accounting news

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

Timiskaming: Province provides assistance to offset 2025 policing costs

Ontario makes material change to fund OPP costs in 2025 but municipalities wonder what will happen in 2026 and beyond to offset potential property tax hikes
Business

OPP bills jumping in 2025: FONOM joining municipalities for province to take back OPP costing

Danny Whalen, president of the Federation of Northern Ontario Municipalities, says the Ontario government must take back responsibility for OPP costing
Business

Saskatchewan: CRA changes to note

A review of recent CRA changes of note affecting Saskatchewan residents, including farmers, such as electronic filing, correspondence and automatic filing
Business

Rural politicians relieved over $77M funding to cover spiking police costs

Queen's Park is doling out $77-million to help ease sticker shock in municipalities provincewide from Ontario Provincial Police increased contract costs
Business

New N.B. finance minister blames Tories as deficit grows to $92M

Prior to the provincial election, the conservatives had promised a milti-million dollar surplus, but healthcare costs have driven the budget into deficit
Practice

Case Commentary: Onex Corporation v. Canada, 2024 FC

Section 1247, subsections 220(2.1) and 220(3), of the Income Tax Act can grant relief from tax reassessment and filing requirements, says David J Rotfleisch
Business

Alberta: Willow Creek Municipal District calls out deadbeat tax evaders

The municipality of Willow Creek has requested provincial support to “rat out bad actors” in collecting unpaid taxes from delinquent oil and gas companies
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

Thunder Bay: Doane Grant Thornton helps business leaders make a vibrant community

Doane Grant Thornton, which recently rebranded, held a Vibrant Communities civic improvement event at Fort William Historical Park for Thunder Bay business
Practice

How to use "well accepted accounting principles" to your advantage to calculate business or property income for a taxation year

Canadian accountant and tax lawyer David J Rotfleisch explains how accounting standards like GAAP and IFRS pertain to business and personal income 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
Profession

Five ways Donald Trump’s election victory is good for Canadian accountants

From taxes and tariffs to deregulation, Donald Trump may scare Canadian economists, but accountants are sure to benefit from a second Trump term
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