Canadian AccountantOpinion

Why can’t accountants prevent fraud?

Another problem is that fictitious financial statements or appropriated assets often originate in the operations of the ...
Canadian Accountant

Taxpayer sought judicial review of CRA's decision to refuse changing his 2004 income tax return

WHEN a Canadian taxpayer tried to change his 2004 tax return, the Canada Revenue Agency declined and pushed for penalties plus interest, while ignoring his change request for 10 years. Judicial review ...
Opinion
Canadian AccountantOpinion

B.C. budget tax measures lay burden of austerity on the poorest in province

Fears over B.C.’s debt and deficit are overblown. While B.C.’s debt has grown in recent years, the province retains an enviable fiscal position relative to any other province in Canada. BC also has ...
Canadian Accountant

2026 outlook: How AI and ecosystem thinking will reshape Canadian accounting

In 2026, the competitive edge will shift from speed to depth. Firms leveraging AI-driven analytics will offer the kind of proactive, high-value advisory services previously reserved for the Big Four, ...
Opinion
Canadian AccountantOpinion

‘We got lazy and complacent’: Swedish pensioners explain how abolishing the wealth tax changed their country

Wealth taxation was introduced in Sweden in 1911, with the amount due based initially on a combination of wealth and income. Around the same time, some of the first moves towards the Swedish welfare ...
Canadian Accountant

Accepting money from a spouse with tax problems can give you a bigger problem with the CRA

For the general public, the case serves as a warning. Accepting financial benefits from a spouse who has tax debts can have serious consequences, even when those benefits are delivered through complex ...
Canadian Accountant

Alberta oil and gas companies lobby for tax break

Lobbying records show Tourmaline Oil, represented by the PR firm Alberta Counsel, updated its registration, which includes meeting with government officials to promote “competitiveness in how oil and ...
Canadian Accountant

Lisa Huang

AI is moving beyond basic automation to become a true strategic partner. Here's what we at Xero believe Canadian accountants can expect in the year ahead ...
canadian-accountant

What went wrong at PwC Canada: Accounting firm agrees to pay $1.45-million to settle exam cheating scandal

TORONTO, ON, Dec 14, 2023 – The Canadian member firm of PricewaterhouseCoopers International has agreed to pay the Chartered Professional Accountants of Ontario $1.45 million over its failure to ...
canadian-accountant

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

George Gonzalez, PhD is Associate Professor at the Calgary campus of the University of Lethbridge. He is a Chartered Professional Accountant (CPA, CA, Ontario) and a Certified Public Accountant (CPA, ...
canadian-accountant

Oh, what a tangled web: The taxation of foreign affiliates

Allan Lanthier examines a dispute before the Tax Court of Canada involving Brookfield Corporation and controlled foreign affiliates in Bermuda and Barbados Allan Lanthier, a retired partner of an ...