Practice

Practice
Lawyer-client confidentiality may fail to protect end-product tax documents, says FCA
The BMO Nesbitt Burns decision draws a distinction between legal advice and end-product documents says tax lawyer and accountant David J Rotfleisch
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Transfer Pricing
Royal Bank Of Canada: A common sense approach to tax treaty interpretation
Michael Hunt and Steven Wenham of Herbert Smith Freehills LLP explain a transfer pricing ruling in the UK Supreme Court in favour of RBC and an oil exploration loan
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- VIEWS 160

Profession
Canadian audit watchdog CPAB sanctions third BC accounting firm this year
Smythe LLP, Manning Elliott LLP, and DMCL have all been barred by the Canadian Public Accountability Board from accepting new, high-risk clients
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- VIEWS 160

Thought Leaders
GAAR Clips Westminster’s Wings
Vern Krishna, whose work was cited in the Deans Knight decision by the Supreme Court of Canada, explains the history of the Westminster principle and GAAR
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- VIEWS 160

Practice
How to legitimately defer the worst of Canada's departure tax when becoming a non-resident and moving to another country
The departure tax can create a substantial and unforeseen tax bill for the unaware emigrating taxpayer explains tax lawyer and accountant David J. Rotfleisch
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- VIEWS 160

Thought Leaders
Deans Knight: The return of the GAAR
The Supreme Court of Canada's decision in Deans Knight is a breath of fresh air and strikes a more appropriate balance, says Allan Lanthier
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- VIEWS 160

Practice
Burden of proof for misrepresentation in tax reassessments is high — and rests with the CRA
In a recent Tax Court of Canada case, the Canada Revenue Agency's proof was flimsy, says Canadian accountant and tax lawyer David J Rotfleisch
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- VIEWS 160

Thought Leaders
US banking failures: the role of big auditors in another financial crisis
A state auditor would be better than accounting firms at policing systemically important institutions such as banks
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- VIEWS 160

Profession
Sunday News Roundup 23.05.28: The Deans Knight Rises, Big Four soaps, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Profession
Special Report: Foreign accounting firms dominated Canadian mid-tiers in 2022 and the audit regulator is concerned
Audit firms based in the United States made the most net client gains in the Canadian mid-tier accounting sector, according to data compiled by Audit Analytics
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- VIEWS 160

Practice
GST/HST tax fraud is a ‘special operation' at the Canada Revenue Agency
It involves fraudulent refund claims, fake invoicing, and GST/HST evasion through off-the-books cash sales, explains tax lawyer and accountant David J. Rotfleisch
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- VIEWS 160

Profession
Special Report: KPMG Canada beats Big Four accounting rivals in net new client gains
But Ernst and Young Canada was the real winner in new audit engagements in 2022, according to data compiled by Audit Analytics
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- VIEWS 160