Profession
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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Business
Saskatchewan: CRA changes to note
A review of recent CRA changes of note affecting Saskatchewan residents, including farmers, such as electronic filing, correspondence and automatic filing
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Business
Rural politicians relieved over $77M funding to cover spiking police costs
Queen's Park is doling out $77-million to help ease sticker shock in municipalities provincewide from Ontario Provincial Police increased contract costs
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Business
New N.B. finance minister blames Tories as deficit grows to $92M
Prior to the provincial election, the conservatives had promised a milti-million dollar surplus, but healthcare costs have driven the budget into deficit
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Practice
Case Commentary: Onex Corporation v. Canada, 2024 FC
Section 1247, subsections 220(2.1) and 220(3), of the Income Tax Act can grant relief from tax reassessment and filing requirements, says David J Rotfleisch
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Business
Alberta: Willow Creek Municipal District calls out deadbeat tax evaders
The municipality of Willow Creek has requested provincial support to “rat out bad actors” in collecting unpaid taxes from delinquent oil and gas companies
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Business
Taber, Alberta: Shields calls for ‘relief’ during economy debate
In the House of Commons, fact and fiction aren’t always absolutes; they’re often selective interpretations of cherry-picked data, on food banks or taxation
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Business
Thunder Bay: Doane Grant Thornton helps business leaders make a vibrant community
Doane Grant Thornton, which recently rebranded, held a Vibrant Communities civic improvement event at Fort William Historical Park for Thunder Bay business
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Practice
How to use "well accepted accounting principles" to your advantage to calculate business or property income for a taxation year
Canadian accountant and tax lawyer David J Rotfleisch explains how accounting standards like GAAP and IFRS pertain to business and personal income taxation
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Business
Midland mayor says premier promises relief for 'absurd' OPP costs
Ontario taxpayers may be saved from municipal property tax hikes if Doug Ford fixes ridiculous increase in police billing costs of new provincial contract
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Profession
Sunday News Roundup 24.11.10: Trump taxes and trade, audit watchdog heeled, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Profession
Five ways Donald Trump’s election victory is good for Canadian accountants
From taxes and tariffs to deregulation, Donald Trump may scare Canadian economists, but accountants are sure to benefit from a second Trump term
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Municipal
New Brunswick: A $29M fight over big industry taxes
New Brunswick business supports a Liberal plan to give all industrial property taxes to municipalities but is wary of decoupling taxation from the province
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Practice
Case Commentary: Glencore v. Canada – How are commitment and break fees in M&A transactions taxed? Windfall or business income?
When the Supreme Court of Canada denied Glencore’s leave to appeal, it ended a 30-year tax dispute, and characterized complex M&A fees as business income
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Business
Canadians are being given muddied information about the carbon tax; the facts are crystal clear — it saves money for most
Pierre Poilievre’s axe the tax message ignores the benefits of the carbon tax for most Canadians and avoids its real target — corporations and the wealthy
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Thought Leaders
The Big Four accounting firms often consult for the same clients they audit. Should that be allowed?
Accounting research shows that the Big Four, when engaged as compensation consultants, appear to uphold more rigorous standards than smaller counterparts
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Partner Posts
Report: Canadian small business owners’ financial literacy skills come up short
David Emmerman of Xero explains how Canadian accountants and bookkeepers can empower small business owners with the financial resources they need
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Profession
Sunday News Roundup 24.10.27: St-Jean moved on, policing and property taxes, 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
Practice
Case Commentary: When can directors, employees, independent contractors claim the small business deduction?
The Supreme Court of Canada recently denied leave to a taxpayer’s unusual appeal of a Tax Court decision, explains Canadian tax lawyer David J Rotfleisch
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Business
Increased policing costs will impact all municipal budgets
Municipalities seeing shocking increases in Ontario Provincial Police costs and future property tax levies after Ford government’s OPP collective agreement
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- VIEWS 160
Partner Posts
The Accountant's Manifesto: Expecting more from Canada's financial system
In today’s fast-paced business world, why is money still moving at a snail’s pace? Every Canadian accountant knows the frustration of delayed transactions
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Business
Carbon rebate 'double-double' helps Gananoque business
Federal Environment Minister Steven Guilbeault was in Gananoque to present a one-time rural top-up Canada Carbon Rebate to the owners of the Pistachio Café
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Business
Willow Creek, Alberta: Carbon tax survey raises council’s ire
Alberta municipality Willow Creek responds with claims, complaints, confusion to provincial government survey on negative impacts of the federal carbon tax
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Business
Alberta: Kneehill County writes off $68k in unpaid oil and gas property taxes
The Alberta municipality, vocal in its concern over unpaid property taxes, has turned over the wells of four oil companies to the Orphan Wells Association
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Thought Leaders
Cineplex’s $38.9 million fine is a wake-up call about corporate sustainability practices
Accounting professor Douglas A. Stuart asserts the Competition Bureau’s fine for drip pricing practices is just one example of sustainability mismanagement
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