canadian-accountant

It’s almost June. When will the PCAOB publish another Canadian audit inspection report?

The American audit watchdog, defanged by Trump administration deregulation, is far behind its usual publication rate and unlikely to improve in the future TORONTO, May 18, 2026 – Five months into 2026 ...
canadian-accountant

When a tax-free savings account is a business & stripped of tax benefits

David J Rotfleisch, CPA, JD is the founding tax lawyer of Taxpage.com and Rotfleisch & Samulovitch P.C., a Toronto-based boutique tax law corporate law firm. IN 2009, the Tax-Free Savings Account ...
canadian-accountant

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

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 Lisa Huang is SVP of Product at Xero. Title ...
Canadian Accountant

Accountable Intelligence: Why AI in accounting must show its work

ARTIFICIAL INTELLIGENCE has reached a tipping point in the accounting profession. According to Xero’s most recent data, 84% ...
Opinion
Canadian AccountantOpinion

Aggressive tax planning schemes, specially those designed by third parties, will annoy CRA – Canada v. Microbjo Properties Inc.

Lessons from Microbjo Properties. The case of Canada v. Microbjo Properties Inc. 2023 FCA 157 deals with tax avoidance, third- ...
canadian-accountant

Alberta: Province’s new 8% tax bracket begins today

Tax cut applies to Albertans earning income up to $60,000 as Albertans continue to pay considerably less in overall taxes than those in other provinces ALBERTA, June 1, 2025 – Starting today, the ...
Canadian Accountant

Regulators and audit leaders discuss audit quality and confidence in Canada's financial reporting

The roundtable underscored the importance of continued collaboration between regulators and the audit profession to support high-quality audits and maintain public trust in financial reporting across ...
Canadian Accountant

How to beat CRA alternative tax assessments: Insights from a Canadian tax lawyer

David J Rotfleisch, CPA, JD is the founding tax lawyer of Taxpage.com and Rotfleisch & Samulovitch P.C., a Toronto-based boutique tax law corporate law firm. Canadian courts, such as the Tax Court of ...
canadian-accountant

How disobeying a Federal Court order under the Income Tax Act will result in ‘contempt of court’ charge plus fines & penalties

This case concerns the enforcement powers of the Canada Revenue Agency (CRA) and the consequences of failing to comply with a court order under the Income Tax Act. The Federal Court had to decide how ...
canadian-accountant

Bridging Finance allegations just the latest in KPMG Canada audit quality criticism

Under new disclosure rules, Canada’s audit watchdog recently revealed that KPMG had the worst audit inspection results among the Big Four accounting firms TORONTO, April 26, 2026 – KPMG Canada faces a ...
canadian-accountant

When fake tax losses lead to CRA gross negligence penalties: The risk of willful taxpayer blindness

The recent McCutcheon decision reinforces a fundamental principle of Canadian tax litigation, explains Canadian tax lawyer and accountant David J Rotfleisch David J Rotfleisch, CPA, JD is the founding ...