Taxation

Business
Canada's top CEOs make 210 times more than the average worker
Capping the stock option tax deducation is a a decisive shift away from stock options as a means of compensation but the overall salary gap remains high
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Practice
Taxpayer's failure to review tax return contributed to negligence, Tax Court Of Canada finds
The CRA can reassess a taxpayer beyond the normal reassessment period if tax return misrepresentations are due to carelessness, neglect or willful default
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Practice
Case Commentary: Watts v the King, 2024 TCC 100 — Enhanced costs of litigation
A recent Tax Court of Canada judgment shows why litigants should be aware of all potential court costs asserts tax lawyer and accountant David J Rotfleisch
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Profession
Sunday News Roundup 24.12.22: CPA split, first sustainability standards, political chaos and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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- VIEWS 160

Thought Leaders
The carbon tax needs fixing, not axing — Canada needs a progressive carbon tax
A progressive tax that punished the wealthy for their outsized emissions would be more palatable than a flat steering tax that hurts low-income Canadians
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- VIEWS 160

Practice
Court allows Canada-US tax treaty credit against investment tax
Allan Lanthier examines the recent Bruyea decision of the US Court of Federal Claims, which allowed a tax treaty credit against US tax on investment income
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Practice
What are a taxpayer's rights during an access to information and privacy (ATIP) request for their own tax records?
Canadian tax lawyer and accountant David J Rotflesich looks at case law involving requests to the Canada Revenue Agency for disclosure of relevant records
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- VIEWS 160

Practice
Loupy's: Deemed self-assessment after GST/HST number cancellation
When a taxpayer ceases to be a GST/HST registrant, they can face a significant tax liability, as in the case of Loupy’s Restaurant before the Tax Court of Canada
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- VIEWS 160

Business
Carbon pricing has only a 'tiny' impact on inflation: economists
There are measurable costs to carbon pricing but they pale in comparison to global factors; for many Canadians, the tax rebate is far larger than the costs
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- VIEWS 160

Business
Sunday News Roundup 24.12.08: Ford rebates policing costs, defanging the audit watchdogs, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
- COMMENTS 13
- LIKES 149
- VIEWS 160

Business
Timiskaming: Province provides assistance to offset 2025 policing costs
Ontario makes material change to fund OPP costs in 2025 but municipalities wonder what will happen in 2026 and beyond to offset potential property tax hikes
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Business
OPP bills jumping in 2025: FONOM joining municipalities for province to take back OPP costing
Danny Whalen, president of the Federation of Northern Ontario Municipalities, says the Ontario government must take back responsibility for OPP costing
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- VIEWS 160