Bulking up at the bigs Baril says Deloitte has made about 18 acquisitions of firms since 2013, only five of which involved audit practices. The mergers with audit practices have taken place primarily in Toronto, Quebec City, Laval and Winnipeg.

Beyond the financial details, both accounting firms are building on recent success. TORONTO, Feb. 26, 2021 – The acquisition by homegrown accounting firm MNP of 26 Deloitte Canada offices, located mostly in Quebec, has caused a great deal of speculation as to the significance of the deal. Deloitte Canada issued a “clarification” in the ...

Part Two, Seismic Shift: Bulking up at the big firms SME practitioners claim consolidation is happening across Canada, with implications for the communities they serve. Part two of a three-part special report Profession. Jun 13, 2017 Part Three, Seismic Shift: Community concern ...

Wrapping up the odds and ends from the past week in Canadian accounting news. Business. Unpaid taxes by oil and gas companies remains a concern for rural municipalities. In recent years, the issue of oil and gas companies owing money to Alberta municipalities has become a significant concern, with millions in unpaid taxes ...

In fact, a series of scandals have engulfed members of the “big four” accounting firms of KPMG, Deloitte, Ernst & Young (EY) and PriceWaterhouse Coopers (PWC), which dominate the industry. In recent years, EY has been criticised over its audits of failed financial firm Wirecard, as has Deloitte over its audit of transport company Go Ahead.

a mortgage on Canadian real property, up to 75% of the appraised equity of the property. A taxpayer may be motivated to make an election under subsection 220(4.5) for a number of reasons. First, as discussed above, the departure tax can be quite substantial and can disrupt cash flows for a business or the lifestyle of a taxpayer.

As reported by the WSJ, the bulk of the Big Four’s revenue now comes from consulting and advisory: $56 billion last year, compared to only $47 billion from auditing. ... “Not everyone agrees that quality is going up, however, with the UK’s Financial Reporting Council [FRC] providing a powerful dissenting voice,” according to the report. ...

Below are the 20 tax audit triggers which increase the odds of being audited by the CRA. They are in no particular order: 1. Being self-employed. If the taxpayer receives T4 income, the odds are that sufficient tax has already been withheld at source.

David J Rotfleisch, CPA, JD is the founding tax lawyer of Taxpage.com and Rotfleisch & Samulovitch P.C., a Toronto-based boutique tax law corporate law firm. An In-Trust-For (ITF) account, also commonly referred to as an In-Trust Account, is an unregistered investment account commonly set up for minors in Canada.

This article, originally published on December 1, has been updated as of 9:30 p.m., December 4, 2017. TORONTO, Dec. 4, 2017 – In a major shakeup of the mid-tier market in Canadian accounting, RSM International has launched RSM Canada, cleaving Collins Barrow Toronto from its national network. RSM International is the industry's sixth-largest ...