Taxation

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
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
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
Business

Rebate among initiatives to assist businesses

Small and medium-sized businesses will benefit from three federal initiatives says Federal Indigenous Services Minister Patty Hadju in Thunder Bay, Ontario
Provincial

New Brunswick: Milestone or millstone? Shared-risk pension, 10 years on

Proponents say switching public sector workers to the shared-risk PSPP helped save provincial taxpayer dollars. Critics say the plan has performed poorly
Practice

When can the federal court quash abusive CRA decisions to assess taxes?

In Milgram Foundation, the Federal Court recognized the finality of the CRA's acceptance of a voluntary disclosure application, explains David J Rotfleisch
Practice

Tax practice reminder — there is no accountant-client privilege

A recent Tax Court case is a reminder that taxpayers and accountants must carefully consider the nature of communications, says Molly Luu of Miller Thomson
Business

A $50 million battle is brewing at Niagara Region: St. Catharines mayor wants taxpayer dollars to help developers

Taxpayers in the Niagara Region will be on the hook for $50 million for developer incentives if the mayor of St. Catharines convinces regional councillors
Business

Sunday News Roundup 24.09.22: NDP backs off carbon tax, free trade disaster, and more Canadian accounting news

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

2024 Tax Planning: Opportunities & Strategies with the Tax Immersion Program

CPA Ontario's inaugural Tax Immersion Program equips Chartered Professional Accountants with the skills needed to thrive in the evolving tax landscape
Practice

Employees Beware: Upcoming legislation affecting capital gains will impact employee stock options

David J Rotfleisch explains how Department of Finance changes to legislation, which are expected to be retroactive to June 25, 2024 will affect stock options
Business

Matheson’s top staffer wants provincial review

Residents of a northern Ontario community petitioning the Ontario government in response to a 34 per cent tax hike following a municipal budget increase
Business

Jasper rebuilds may not be eligible for clean energy upgrade loans

Will Jasper, Alberta taxpayers, whose homes were destroyed by wildfires this year, be allowed to access a municipal clean energy tax program to rebuild?
Business

New ad campaign takes aim at B.C. LNG

A new ad campaign warns LNG expansion in British Columbia is a risk to Canadian taxpayers and counters claims from fossil fuel advocacy group Canada Action
Practice

Are poker winnings now taxable In Canada? A Canadian tax lawyer's analysis of four Tax Court Of Canada recent poker decisions

When a taxpayer relies on other means to sustain their lifestyle, poker-playing activities fail to comprise a source of income, explains David J Rotfleisch
Practice

PCAOB releases two new, divergent inspection reports for Canadian accounting firms

While Deloitte Canada continued its recent record of success, Kreston GTA respectfully disagrees with significant deficiencies cited by the US audit watchdog
Business

M.D. of Taber seeking action on unpaid oil and gas taxes

Oil and gas companies owe Alberta municipalities more than $200 million in unpaid property taxes; Taber is owed more than 10 per cent of its annual budget
Practice

How lower income individuals can receive valuable tax benefits by using CRA's new free SimpleFile program

The Canada Revenue Agency has invited more than 1.5 million lower- or fixed-income Canadians with simple tax situations to use the SimpleFile pilot program.
Practice

Is it easier for the IRS to collect Canadian tax debt?

Lori Bokenfohr and Christopher Steeves of Fasken deconstruct a recent US Tax Court example of considerable multilateral cooperation between the IRS and CRA
Business

New provincial committee to review government spending in every department, premier says

Critics say Premier Smith, whose popularity has plunged, is looking for ways to deliver on a signature campaign promise that was broken in the last budget
Profession

Sunday News Roundup 24.08.18: Audit watchdog raises the bar, duelling tax tales, and more Canadian accounting news

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

Report shows Alberta tax revenue from renewables up 92 per cent

Alberta's moratorium on wind and solar projects has chilled renewables despite the benefits of tax revenue, job creation and cheap energy to taxpayers
Business

Officials to Queen's Park: Fee freeze to aid home building hurts local taxpayers

Conservation authorities in London, Ontario want the Doug Ford government to reverse its province-wide freeze on fees that benefit home-building developers
Practice

Crossing the border, part three: Individual retirement plan tax issues for Canadian and American expatriates

In the final part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at tax situations in which U.S. residents with IRA and Roth IRA funds relocate to Canada
Practice

Crossing the border, part two: Individual retirement plan tax issues for Canadian and American expatriates

In the second part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at Canadian residents with RRSP and TFSA funds who expatriate to the United States