The new game in town: Capital gains and the alternative minimum tax

The federal government's new capital gains rules have left taxpayers in a pickle says Allan Lanthier. But here's a planning alternative with a deadline of June 24

A Privilege Primer, Part I: Gaudreau reminds that there is no accountant-client privilege in Canada. But why?

Can the courts compel Canadian accountants to disclose their tax analysis? In the first of a three-part series, Brian Studniberg of Henein Hutchison Robitaille LLP looks at the Gaudreau case currently before the Federal Court of Appeal in Quebec

Case Commentary: Persaud v The King – When can you claim tax deductions (Including medical bills) for dependants?

Tax residence is key, says Canadian tax accountant and lawyer David J Rotfleisch, to claiming medical expense deductions for dependents under the Income Tax Act

Less infrastructure funding leaves municipalities with tough decisions

Under a new funding formula, Alberta municipalities are receiving less funding from the provincial government than they did in 2011, leading to potential tax hikes

The new game in town: Capital gains and the alternative minimum tax

The federal government's new capital gains rules have left taxpayers in a pickle says Allan Lanthier. But here's a planning alternative with a deadline of June 24

A Privilege Primer, Part I: Gaudreau reminds that there is no accountant-client privilege in Canada. But why?

Can the courts compel Canadian accountants to disclose their tax analysis? In the first of a three-part series, Brian Studniberg of Henein Hutchison Robitaille LLP looks at the Gaudreau case currently before the Federal Court of Appeal in Quebec

Case Commentary: Persaud v The King – When can you claim tax deductions (Including medical bills) for dependants?

Tax residence is key, says Canadian tax accountant and lawyer David J Rotfleisch, to claiming medical expense deductions for dependents under the Income Tax Act

Less infrastructure funding leaves municipalities with tough decisions

Under a new funding formula, Alberta municipalities are receiving less funding from the provincial government than they did in 2011, leading to potential tax hikes

Accounting News

Business

Debate continues over impact of next minimum wage increase

In Niverville, Manitoba, one chartered professional accountant gives his perspective on a minimum wage that has increased by nearly four dollars in two years
Practice

Tax Court Of Canada rejects CRA's attempt to apply gross-negligence penalties in statute-barred years

Canadian accountant and tax lawyer David J Rotfleisch looks at the case of an Alberta restauranteur and an inheritance in Fuhr v. The King
Profession

Sunday News Roundup 24.04.28: More capital gains, more audit powers, and more Canadian accounting news

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

Carbon rebate could bode well for businesses: advocate

Small businesses are pleased to see the carbon rebate being rolled out but are nervous about the repercussions of the capital gains tax changes
Opinion

Letter to the Editor: PM Trudeau’s comment takes aim at accountants amidst capital gains changes confusion

John Oakey of CPA Canada says the Prime Minister's recent comment about accountants was an unexpected turn in the capital gains debate
Business

Queen's profs weigh in on federal budget

Two Queen's University professors question whether the Liberals have thought through the implications of their changes to capital gains taxation
Profession

Sunday News Roundup 24.04.21 PwC layoffs, MNP BC turmoil, and more Canadian accounting news

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

Unpaid taxes by oil and gas companies remains a concern for rural municipalities

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
Practice

As Big Four foreign firms punished for exam cheating, PwC Canada fines put into perspective

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

Driving growth and client success: The power of client advisory services in accounting

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



Empowering CPAs: The Role of a Master’s Degree in Tax Law

Two chartered professional accountants share their insights into the Osgoode Professional LLM