Profession

Thought Leaders
An economist explains: Textbook economics is badly flawed when it comes to climate change
Double standards abound on the carbon tax, says MacEwan University economics professor Junaid B. Jahangir, despite the support (and limits) of textbook economics
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Thought Leaders
Stock markets signal a growing gap between Canadian and American clean tech firms
Canadian taxpayer-supported clean tech startups may move south of the border due to regulatory risk and political uncertainty despite substantial tax benefits
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Profession
Sunday News Roundup 24.04.07 Bare trusts, KPMG decision, PCAOB-PKF, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Thought Leaders
Fossil fuel subsidies cost Canadians a lot more money than the carbon tax
Subsidies cost Canadian taxpayers roughly $214 per taxpayer every year — and unlike the federal carbon tax, Canadians don’t get a rebate on this tax
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Profession
Two of the Big Four accounting firms failed their audit inspections in 2023 — but we don’t know who
The Canadian Public Accountability Board says it will take at least two years before more transparency is provided as to which firms fail and which succeed
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Profession
Sunday News Roundup 24.03.31 Bare trusts laid bare and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Practice
Airbnb sale subject to GST/HST
Amit Ummat and Alisha Butani of Ummat Tax Law provide an overview of the Tax Court of Canada’s ruling in 1351231 Ontario Inc v. The King, 2024 TCC 37
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Thought Leaders
PwC Australia ethics breach: Differences in Canadian and Australian CPA regulation
Though similiar, there are important differences between Australian and Canadian professional rules of conduct explains accounting professor George Gonzalez
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Practice
CPA Ontario fines Deloitte Canada partners over backdating of audit working papers
Five Deloitte partners to pay $40k each in fines and costs for manually overriding computer clocks to backdate audit working papers in multiple engagements
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Thought Leaders
Ethnic diversity is still a serious issue at the top level in accounting firms
Research suggests women and minorities are under-represented at senior positions in Canadian accounting firms despite measures to improve diversity
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Partner Posts
Driving growth and client success: The power of client advisory services in accounting
Client Advisory Services represent a paradigm shift in public accounting, explains Karen Chalmers of interVal, which automates the discovery process using AI
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Practice
How international athletes are taxed in Canada: Toronto Maple Leafs' captain John Tavares embroiled in tax litigation with CRA
Tavares is a high-profile opportunity for the CRA to test the limits to the structuring of athlete salaries explains Canadian accountant and tax lawyer David J Rotfleisch
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Thought Leaders
Taxes aren’t just about money — they shape how we think about each other
Research shows taxpayers perceive paying income tax, but not regressive sales taxes, as contributing as a citizen for the purpose of the common good
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Practice
Case Commentary: Cassidy v Canada — Using extraordinary circumstances, CRA's delays, inability to pay, or financial hardship
Why the Federal Court, in Cassidy v Canada, ruled that a CRA officer's decision was unreasonable, and the taxpayer received relief over unpaid taxes
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Practice
What to do when the CRA refuses taxpayer relief
Tax accountant and lawyer David J Rotfleisch explains how a corporate director won relief from the CRA over payroll remittance in Maverick v HMK, 2023
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Profession
Sunday News Roundup 24.03.03 Mulroney legacy, PwC sole source, RPA rising, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Practice
PCAOB finds fault with half of Ernst and Young Canada audits inspected
US audit watchdog inspection report details audits with multiple deficiencies and potential non-compliance with independence rules over financial relationships
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Profession
Sunday News Roundup 24.02.25: Manning Elliott, Aphria ruling, sustainability standards and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Profession
CPA Canada reduces operating budget with staff cuts due to accounting profession standoff
National organization has run two deficits in the past five years, says changes needed to ensure long-term success in challenging operating environment
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Profession
Sunday News Roundup 24.02.18: Fairfax’s financials, new trust rules and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Practice
The General Anti-Avoidance Rule may be expanding: What you need to know
Aron Grusko and Nick Noonan of Fillmore Riley LLP say recent legislative changes and Supreme Court decisions reflect an increasingly expansive view of GAAR
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Practice
Case Commentary: Csak v The King 2024 TCC — Transfers of property while owing taxes to the CRA
David J Rotfleisch explains why the Tax Court of Canada found the Canada Revenue Agency's 1988 and 1989 reassessments statue-barred
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Profession
Mystery solved: How foreign accounting firms won big in new audit client gains and losses
Among the many curiosities of the 2022 new audit client gains and losses data were the prevalence of foreign firms and the dearth of cannabis companies
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Practice
Taxpayer sidesteps gross-negligence penalties and $90,000 in taxable income because tax year was statute-barred
As David J Rotfleisch explains, the decision by the Tax Court of Canada in Abbass V The King centred on a bookkeeping error by the taxpayer's accountant
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Profession
The top Canadian accounting stories of 2023
From greedflation to a CPA standoff, it was a year when regulators got tough with auditors and the Supreme Court of Canada issued an earth-shattering tax decision
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