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

In recent years, the issue of oil and gas companies owing money to Alberta municipalities has become a significant concern, with millions in unpaid taxes

Whether the federal budget will help millennials and Gen Z through tax initiatives, says Gustavson accounting professor Douglas A. Stuart, is subject to speculation

The Public Company Accounting Oversight Board hit KPMG Netherlands with a record US$25-million civil civil penalty for widespread improper answer sharing

Double standards abound on the carbon tax, says MacEwan University economics professor Junaid B. Jahangir, despite the support (and limits) of textbook economics

Canadian taxpayer-supported clean tech startups may move south of the border due to regulatory risk and political uncertainty despite substantial tax benefits

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

Subsidies cost Canadian taxpayers roughly $214 per taxpayer every year — and unlike the federal carbon tax, Canadians don’t get a rebate on this tax

The Canadian Public Accountability Board says it will take at least two years before more transparency is provided as to which firms fail and which succeed

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

Amit Ummat and Alisha Butani of Ummat Tax Law provide an overview of the Tax Court of Canada’s ruling in 1351231 Ontario Inc v. The King, 2024 TCC 37

Though similiar, there are important differences between Australian and Canadian professional rules of conduct explains accounting professor George Gonzalez

Five Deloitte partners to pay $40k each in fines and costs for manually overriding computer clocks to backdate audit working papers in multiple engagements

Research suggests women and minorities are under-represented at senior positions in Canadian accounting firms despite measures to improve diversity

Client Advisory Services represent a paradigm shift in public accounting, explains Karen Chalmers of interVal, which automates the discovery process using AI

Tavares is a high-profile opportunity for the CRA to test the limits to the structuring of athlete salaries explains Canadian accountant and tax lawyer David J Rotfleisch

Research shows taxpayers perceive paying income tax, but not regressive sales taxes, as contributing as a citizen for the purpose of the common good

Why the Federal Court, in Cassidy v Canada, ruled that a CRA officer's decision was unreasonable, and the taxpayer received relief over unpaid taxes

Tax accountant and lawyer David J Rotfleisch explains how a corporate director won relief from the CRA over payroll remittance in Maverick v HMK, 2023

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

US audit watchdog inspection report details audits with multiple deficiencies and potential non-compliance with independence rules over financial relationships

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

National organization has run two deficits in the past five years, says changes needed to ensure long-term success in challenging operating environment

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

Aron Grusko and Nick Noonan of Fillmore Riley LLP say recent legislative changes and Supreme Court decisions reflect an increasingly expansive view of GAAR