Taxation

Business

Leveraging oil and gas could be Canada’s 'trump card' in a tariff war

An export tax on Canadian oil and gas to the United States could inflict pain on the American economy but could also backfire in the States and domestically
Practice

When can Canadian taxpayers apply to reopen a trial at the FCA from the Tax Court?

As Canadian accountant and tax lawyer David J Rotflesich explains, reopening a court case depends upon the introduction of fresh evidence and error of law
Municipal

Alberta: Residents pick up province's property tax tab, municipalities say

Alberta is not paying its municipalities the full cost of property taxes for its provincial properties and local ratepayers are shouldering the extra costs
Thought Leaders

What is the 90-year-old tax rule Trump could use to double US taxes on foreigners?

Like Canada, Australia created a digital tax that US President Trump could deem as discriminatory or extraterritorial, and subject to retaliatory tariffs
Practice

How to dispute your tax assessment under Toronto's 2024 Vacant Home Tax

A hundred thousand tax assessments were reversed in 2023, but the City of Toronto has taken concrete steps to revamp the VHT regime for the 2024 tax year
Business

Global tax deal no longer has force in the U.S. Here’s what it could mean for Canada

Canadian companies and pension funds were already lobbying for appropriate tax treatment ahead of President Trump pulling out of the OECD minimum tax deal
Practice

Tax changes a worry for retiring farmers

Farming advocates continue to oppose tax changes that would affect profits from the intergenerational sale of agricultural land despite mitigating measures
Business

Tired slogans in face of Trump tariffs spell real risk for Poilievre

Donald Trump has put Pierre Poilievre in a political bind, with two feuding conservative premiers, stale messaging around taxes and no coherent trade policy
Municipal

What will cost more in 2025

Numerous factors including inflation, limited housing, a weaker dollar, and global political tensions, continue to play a significant role in affordability
Practice

Six strategies to minimize probate fees in your estate plan

These succession planning strategies can be cost-effective and save large amounts of tax that would otherwise be payable upon admitting the will to probate
Municipal

GST holiday brings mixed feelings, hurdles for local businesses

Small business owners in towns like Vankleek Hill, Ontario are critical of the federal sales tax holiday, questioning its value and criticizing its rollout
Business

Sunday News Roundup 25.01.12: Bench accounting lessons, CPAB rule changes and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news