National

Practice
Case Commentary: Glencore v. Canada — How are commitment and break fees in M&A transactions taxed? Windfall or business income?
When the Supreme Court of Canada denied Glencore’s leave to appeal, it ended a 30-year tax dispute, and characterized complex M&A fees as business income
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Practice
Case Commentary: When can directors, employees, independent contractors claim the small business deduction?
The Supreme Court of Canada recently denied leave to a taxpayer’s unusual appeal of a Tax Court decision, explains Canadian tax lawyer David J Rotfleisch
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Business
Rebate among initiatives to assist businesses
Small and medium-sized businesses will benefit from three federal initiatives says Federal Indigenous Services Minister Patty Hadju in Thunder Bay, Ontario
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Practice
When can the federal court quash abusive CRA decisions to assess taxes?
In Milgram Foundation, the Federal Court recognized the finality of the CRA's acceptance of a voluntary disclosure application, explains David J Rotfleisch
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Practice
Tax practice reminder — there is no accountant-client privilege
A recent Tax Court case is a reminder that taxpayers and accountants must carefully consider the nature of communications, says Molly Luu of Miller Thomson
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Profession
Canadian accounting firm Grant Thornton LLP rebrands nationally, shifts business focus
Doane Grant Thornton brand celebrates Canadian roots as national accounting firm shifts from public company audits to assurance, tax and advisory services
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Thought Leaders
Only the United States benefits from renegotiating the Canada-U.S.-Mexico trade deal
Free trade deals with regular renegotiation requirements such as CUSMA put smaller economies under pressure to lose leverage and surrender policy autonomy
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Business
Sunday News Roundup 24.09.22: NDP backs off carbon tax, free trade disaster, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Practice
Employees Beware: Upcoming legislation affecting capital gains will impact employee stock options
David J Rotfleisch explains how Department of Finance changes to legislation, which are expected to be retroactive to June 25, 2024 will affect stock options
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Practice
Are poker winnings now taxable In Canada? A Canadian tax lawyer's analysis of four Tax Court Of Canada recent poker decisions
When a taxpayer relies on other means to sustain their lifestyle, poker-playing activities fail to comprise a source of income, explains David J Rotfleisch
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Practice
PCAOB releases two new, divergent inspection reports for Canadian accounting firms
While Deloitte Canada continued its recent record of success, Kreston GTA respectfully disagrees with significant deficiencies cited by the US audit watchdog
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Practice
How lower income individuals can receive valuable tax benefits by using CRA's new free SimpleFile program
The Canada Revenue Agency has invited more than 1.5 million lower- or fixed-income Canadians with simple tax situations to use the SimpleFile pilot program.
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