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

Tax filing and tax software groups have been actively discouraging the CRA and its U.S. equivalent, the IRS, from implementing automatic returns

Ronald Nobrega and Devon LaBuik of Fasken on the responsibilities imposed on advisors, including tax professionals, by new reportable transactions rules

The Big Four accounting firm will also provide information relevant to the ongoing litigation against executives censured by the PCAOB

By recommending affordable and accessible entrepreneurship platforms like Ownr, Canadian accountants have a great opportunity to establish stronger professional partnerships with small business clients

The BMO Nesbitt Burns decision draws a distinction between legal advice and end-product documents says tax lawyer and accountant David J Rotfleisch

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

Smythe LLP, Manning Elliott LLP, and DMCL have all been barred by the Canadian Public Accountability Board from accepting new, high-risk clients

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

The departure tax can create a substantial and unforeseen tax bill for the unaware emigrating taxpayer explains tax lawyer and accountant David J. Rotfleisch

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

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

A state auditor would be better than accounting firms at policing systemically important institutions such as banks

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

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

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

But Ernst and Young Canada was the real winner in new audit engagements in 2022, according to data compiled by Audit Analytics

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

Changes to enforcement disclosure rules by CPAB means more transparency from audit regulator, more public scrutiny of Canadian auditors

All sides will benefit from the tentative settlement and four years of labour peace. But technology investment is mitigating the impact of CRA strikes

Stephen Bowman and John (Jay) Winters of Bennett Jones present a capital gains case study on the impact to taxpayers of changes to the AMT regime

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

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

Accountants that unthinkingly send the Agency tax appeal invoices may improperly reveal solicitor-client communications and more, says tax litigator Peter Aprile