News

Canadian Accountant1d

What can Canada learn from Ireland’s corporate tax approach?

Ireland, with its commitment to a low headline corporate tax rate, offers a compelling case study for how policy can drive ...
Canadian Accountant6d

Congratulations, future CPAs! 1,386 aspiring Canadian accountants pass the May 2025 CFE

Gevorg Grigoryan, a chartered professional accountant and CPA program coach and mentor, notes “that a total of 1,386 ...
Canadian Accountant5d

What expenses can owners deduct from rental properties that produce no income?

The general rule under section 67 is that a deduction for an outlay or expense cannot be made unless it was reasonable in the ...
Canadian Accountant11d

Bank Of Nova Scotia v The King: How a procedural rule on loss carrybacks triggered $7.9M in interest arrears on tax not owing

In Bank of Nova Scotia v His Majesty the King, the Federal Court of Appeal (FCA) confirmed the Tax Court's decision that ...
Canadian Accountant4d

Open Banking: A crucial shift for Canadian accountants

In an open banking system, clients can share the full spectrum of their financial information between banks and accredited ...
Canadian Accountant12d

How CRA conducts net worth audits and enforces gross negligence penalties against Canadian taxpayers

In Mann v. The King, 2023 TCC 151, the Tax Court of Canada reaffirmed the Canada Revenue Agency's authority to use the net ...
Canadian Accountant7d

Embracing the Future: RPA Canada’s Commitment to AI and Innovation in Accounting

THE accounting profession is undergoing a profound transformation driven by advances in artificial intelligence. From intelligent automation to predictive analytics, AI is no longer a distant ...