Practice
Practice
Case Commentary: Rotfleisch v. Canada – Filing an objection does not stop the alleged tax owing from accumulating interest
Canadian tax lawyer and accountant David J Rotfleisch looks at a Federal Court of Canada decision in a case going back to 2004 in which he was the applicant
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Thought Leaders
Canada needs an open finance roadmap, not just open banking
Canada has a window to learn from open banking examples around the world and design an open finance roadmap that fits its own needs says Eric Saumure, CPA
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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
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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
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Practice
Tax evasion, tax compliance, and actual tax collection compared: Italy is worse, while Canada is improving
Italy relies on broad tax amnesty schemes to recover lost revenue; the Canada Revenue Agency prefers the structured, ongoing voluntary disclosure program
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Practice
Concerns about overseas work cited as status revoked for two religious charities
According to the Canada Revenue Agency, the tax status of the two charities was revoked due to practices in Israel and the Democratic Republic of the Congo
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Practice
The same but different — The types of dividends and their impact on taxes
Misclassifying the kind of dividend you declare can quickly land you in hot water with the CRA, explain Alex Shchukin and Mariem Naem of Devry Smith Frank LLP
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Practice
Poor record-keeping sinks two Canadian charities
Evangelical World Outreach of Canada of Winnipeg and Mazel Charity Fund of North York both lost their charitable status despite 2020 CRA compliance letters
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Practice
British Columbia Court Of Appeal upholds additional transfer tax assessment in foreign entity trust case
Legal title matters more than beneficial ownership when it comes to BC’s additional transfer tax, say Cameron Funnell and Richard Baker of Watson Goepel
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Thought Leaders
Rudeness is hurting auditors’ ability to protect the public — here’s how
A new study co-authored by Canadian accounting academics shows negative behaviour from clients should be treated as an risk factor — and provides solutions
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Profession
Change of leadership at audit watchdog CPAB at critical time for audit, accounting regulation
Former Ontario Securities Commission regulatory executive Sonny Randhawa, CPA, CA to replace Carol Paradine at helm of Canadian Public Accountability Board
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Practice
Recent Tax Court cases on ISC business expenses
John Bassindale and Daniel Zhang of Millar Kreklewetz look at two recent Tax Court cases involving multi-level marketing and independent sales contractors
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