Sunday News Roundup 26.01.25: Davos D-Day, audit watchdogs defanged, and more Canadian accounting news

Our weekly Canadian accounting news roundup includes the Mark Carney in Davos, the PCAOB and FRC pressured, PwC Canada and the Martel Ponzi, and much more

Case Commentary: HMK v. Quebecor Inc – Federal Court Of Appeal rejects GAAR challenge to using strategy of business losses

The FCA decision reaffirmed that tax efficiency alone does not equate to abuse under GAAR, explains Canadian tax lawyer and accountant David J Rotfleisch

CEO pay at record highs as workers struggle to make ends meet: report

To reign in some of the wage disparity, a report from the Canadian Centre for Policy Alternatives offers two solutions: a millionaire tax and a wealth tax

What’s missing from the Davos agenda: taxing the rich

New polling shows that taxing the wealthy maintains majority support, even among the wealthy themselves. That should be reflected in international priorities

Sunday News Roundup 26.01.25: Davos D-Day, audit watchdogs defanged, and more Canadian accounting news

Our weekly Canadian accounting news roundup includes the Mark Carney in Davos, the PCAOB and FRC pressured, PwC Canada and the Martel Ponzi, and much more

Case Commentary: HMK v. Quebecor Inc – Federal Court Of Appeal rejects GAAR challenge to using strategy of business losses

The FCA decision reaffirmed that tax efficiency alone does not equate to abuse under GAAR, explains Canadian tax lawyer and accountant David J Rotfleisch

CEO pay at record highs as workers struggle to make ends meet: report

To reign in some of the wage disparity, a report from the Canadian Centre for Policy Alternatives offers two solutions: a millionaire tax and a wealth tax

What’s missing from the Davos agenda: taxing the rich

New polling shows that taxing the wealthy maintains majority support, even among the wealthy themselves. That should be reflected in international priorities

Accounting News

Profession

Sunday News Roundup 26.01.18: CPA Canada membership model, fatiguing AI slop, the dealbook and more Canadian accounting news

Our weekly Canadian accounting news roundup includes the benefits of national membership, the downside of AI for accountants and businesses, and much more
Practice

Christian charities see spike in revocations for serious violations in 2025

Sometimes people think their sector is being persecuted or highlighted and that's not really the case, says CCCC spokesperson, who takes no issue with CRA
Practice

Raymond Chabot Grant Thornton gets clean audit inspection sheet from US audit watchdog

A rare achievement for a Canadian accounting firm as the US Public Company Accounting Oversight Board finds no deficiencies in its inspection of two audits
Practice

PCAOB inspection report: Almost half of PwC Canada audits included significant deficiencies

PricewaterhouseCoopers lowered its deficiency percentage from 63 to 43 per cent, according to US audit watchdog review of seven audits conducted in 2024
Practice

CPA Ontario fines former KPMG Canada partner $50k over failed Laurentian University audit

Laurie Bissonette, who led the KPMG audit engagement team just prior to Laurentian filing for insolvency, also had her fellowship designation suspended

Canadian Accountant’s most popular accounting stories of 2025

From regulatory reporting to landmark tax decisions, here are the five articles and some honourable mentions that were the most read by Canadian accountants





The top 10 partner posts on Canadian Accountant in 2025

We present the top 10 articles that in 2025 got accountants thinking and planning for the future, from software to tax to recruitment to AI to open banking