Profession

Practice

Navigating CSQM 1: Risk Assessment Process, Beyond Manuals

In part one of a two-part series, Kirsten S. Albo of ASK KSA Consulting explores the value of the CSQM 1 risk assessment process for Canadian accounting firms
Profession

Sunday News Roundup 23.11.19: Carbon tax carveout, CEBA sympathy and more Canadian accounting news

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

Opinion: The future of a unified Canadian accounting profession

There was a time when the Canadian accounting profession looked like it was headed towards specialization. What happened?, asks Nick A. Shepherd
Practice

Tax obligations for foreign home buyers In Canada: Bakhtiari v British Columbia

Can a refugee avoid paying the foreign buyer’s tax on human rights grounds under the Canadian Constitution? David J Rotfleisch comments on the Bakhtiari case
Career

Seven reasons why you should attend Accountex Canada 2023 this week

There’s still time to attend one of the premier accounting conferences of the year, taking place this Wednesday and Thursday at the Metro Toronto Convention Centre
Profession

Sunday News Roundup 23.11.12: Quebec transfer pricing, CRA interest and more Canadian accounting news

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

Fifth BC accounting firm censured by audit regulator CPAB thus far in 2023

WDM Chartered Professional Accountants censured by the Canadian Public Accountability Board, which has released seven enforcement actions this year
Profession

Multiple deficiencies cited by US audit watchdog in two Canadian firms' inspection reports

The Public Company Accountability Board has released inspection reports for two accounting firms, Crowe MacKay LLP and SRCO Professional Corporation
Practice

CPA Ontario scores two rare regulatory wins against large accounting firms

Million-dollar settlements with Deloitte Canada and Marcum LLP over professional conduct breaches make headlines during uneasy times
Practice

Canadian taxpayers, beware: The CRA gets away with defective pleadings during tax litigation

In Canada v. Preston, the Federal Court of Appeal sided with the Canada Revenue Agency and overturned the Tax Court's decision, over the issue of assumptions
Profession

Vancouver accounting firm Smythe LLP censured again by audit watchdogs

Months after Canadian regulator censured Smythe over audit quality, US audit watchdog censures Smythe for using unregistered overseas firms
Partner Posts

Intuit QuickBooks launches new Payroll plans in Canada to streamline payroll and time tracking, all in one place

Canadian accountants and bookkeepers now have a new payroll solution, Intuit QuickBooks Payroll, for managing the payroll needs of your small business clients
Practice

Are hybrid sales of private businesses still a viable tax planning tool for business owners?

David J Rotfleisch explores whether the Foix decision by the FCA radically undermines the tax benefits of a hybrid sale when selling a private business
Profession

Sunday News Roundup 23.10.22: The Big Rift, return of the Roundup, and more Canadian accounting news

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

The GAAR reinforcements — What even is economic substance?

With the economic substance wording in the general anti-avoidance rule, Finance Canada has given a present to the tax judiciary, says Raymond G. Adlington
Profession

CPA Standoff: Why haven’t the other provinces joined the accounting rift?

Critics believe the rift represents a threat to a national unity in the Canadian accounting profession and the merger of three designations into the CPA brand
Profession

CPAB: Mystery Big Four accounting firm will not meet audit threshold this year

Audit regulator's mid-year inspections report suggests Canada’s largest accounting firms are showing little audit quality progress as a group
Practice

Tax planning is changing in 2024

MaryAnne Loney of McLennan Ross LLP looks at three areas of tax planning related to private corporations that will change in 2024
Practice

A Canadian tax lawyer's guide to the In-Trust-For (ITF) Account

Canadian tax accountant and lawyer David J. Rotfleisch discusses ITFs, including tax implications, issues and alternatives to these unregistered investment accounts
Profession

CPA Standoff: Accountants question the motives behind national accounting rift

The lack of consultation with the wider membership on its split from CPA Canada has led to accusations that the dispute is a power grab by CPA Ontario
Practice

Canadian taxpayer involved in a bad will investment scheme granted additional relief on accrued interest

Relief requests beyond the statute of limitation may still be available, depending on the circumstances, explains tax accountant and lawyer David J Rotfleisch
Practice

Court orders delivery of tax planning memo prepared by accountants to CRA

Laurie Goldbach and Steve Suarez of BLG on disclosure of tax planning documents and the Tax Court's treatment of accountant-client privilege
Profession

CPA Standoff: Unique regulatory status of CPA Quebec complicates accounting rift

Unlike the rest of Canada, the accounting profession in Quebec is not self-regulated, leading to legitimate issues between l'Ordre and CPA Canada
Profession

CPA Standoff: Financial transparency a key issue in national accounting rift

Chartered Professional Accountants of Canada rejects provincial claims of poor financial transparency and says it is open to doing more
Practice

Tax fraud and tax evasion in the same case: Analysis of Regina v Reynolds

A case before the BC Supreme Court included violations of the Income Tax Act and Excise Tax Act explains Canadian accountant and lawyer David J Rotfleisch