Practice

Practice

Selling a business to an employee ownership trust: the tax memo can be right and the deal can still fail

The $10-million capital gains exemption is permanent. Your client's control over the company it applies to ends the afternoon he signs, explains Koby Smutylo
Practice

The salary-dividend decision after the small business rate cut

In part two of his two-part series, Bashar Qawas of Better Books Canada delves deeper into the unevenness of small business rate cuts in Ontario and Quebec
Practice

Philanthropists critical of Nakba exhibit donated $4.8M to groups later sanctioned

Canada Revenue Agency has revoked tax status of many Canadian charitable organizations academic asserts are “largely just conduits” for overseas funding
Practice

The small business rate cut that partly reverses in January

In part one of a two-part series, Bashar Qawas of Better Books Canada explains the timing mismatch in cuts to the small business corporate income tax rate
Partner Posts

AI Digital Employees in Accounting: The next stage of automation

Future accounting teams could include local accountants, offshore accounting professionals, automation and AI Digital Employees, explains Ryan Morris.
Practice

Federal Court sets strict Mutual Agreement Procedure (MAP) deadline in reassessment deals with Canada Revenue Agency

The FC Robinson MAP deadline ruling has implications for cross-border taxpayers, owner-managers, corporate groups, and accountants, says David J Rotfleisch
Thought Leaders

When an immigrant entrepreneur's business plan, net worth and source of funds have to tell one financial story

For internationally connected entrepreneurs, the central question is not, ‘How do we make this immigration file stronger?,’ writes Usman Khalil, RCIC, CPA
Thought Leaders

As accountants, we tested our own pitch for advisory services. The data says clients need controllership first

For a large share of Canadian small and mid-sized businesses, the work that would help most is controllership, writes Eric Saumure, CPA, CA, of Zenbooks
Profession

Deloitte used AI in $1.6M government report, but watchdog CPA NL says it can’t investigate

Chartered Professional Accountants of Newfoundland and Labrador cannot investigate Deloitte Inc., the legal entity that produced flawed AI consulting report
Practice

ExxonMobil Canada Resources Company v. the King, case study

Lorne Saltman of Gardiner Roberts LLP explains why the Tax Court rejected the CRA’s position that a $36-million pipeline feasability study was not deductible
Practice

Notice of Assessment was never mailed? Federal Court of Appeal clarifies taxpayer must first prove non-delivery

The FCA Siam decision reinforces that taxpayers bear the burden of proving that a Notice of Assessment was not sent, and credibility plays a central role
Profession

PCAOB finally publishes first audit inspection reports of Canadian accounting firms this year

Deloitte Canada and De Visser Gray LLP receive excellent reviews from defanged US audit watchdog under deregulatory pressure from Trump Administration