As part of its response to the COVID-19 outbreak, the Government of Canada has created a number of emergency benefits to assist individuals and businesses through these troubling financial times.

In August 2024, the Canada Revenue Agency (CRA) released a number of updates on its News and events for charities page, including the following, discussed below.

The role of the audit committee over the last several years continues to evolve in conjunction with the risks to business and financial reporting changes.

Most jurisdictions in Canada require the unanimous consent of all shareholders (including non-voting shareholders) in order for a non-distributing corporation to dispense with an audit.

The Ontario Government announced an audit blitz this fall pertaining to compliance with the Accessibility for Ontarians with Disabilities Act, 2005 ("AODA").

In a previous article we discussed the importance of carrying out IP audits. In this article we outline the steps that need to be carried out in order to complete an audit.

The importance of carrying out IP Audits has been discussed in previous articles.

The Canada Border Services Agency ("CBSA") resets its "audit priority areas" twice per year. Essentially, the CBSA designates certain tariff classification codes...

While most of us were enjoying the tail end of the Canadian summer, officials at the Canada Border Services Agency (CBSA) were putting the finishing touches to their latest list of audit priorities.

In a unanimous decision released this morning in Grant Thornton LLP v. New Brunswick, the Supreme Court of Canada restored a judgment of the New Brunswick Queen's Bench that dismissed as statute-barred a $50 million ...

On December 8, 2016, the Office of the Information and Privacy Commissioner for British Columbia (the "OIPC") issued its first ever Audit...

Builder audits conducted by the Canada Revenue Agency (CRA) are a significant concern for taxpayers involved in real estate transactions, particularly those engaged in construction or substantial renovation projects.

Welcome to our 2018 tax planning issue; a guide dedicated to helping you get the most out of your tax returns.

Budget 2021 proposes to grant the Canada Revenue Agency the authority to demand oral responses in the course of an audit.

On January 20, the CRA announced that its controversial political activities audit program for charities has been wound-down.

According to the Tax Court of Canada in Ramey v. The Queen, 93 DTC 791 (Ramey), at paragraph 6, the "net worth method of estimating income is an unsatisfactory and imprecise way...

Proactive planning to multiply access to the lifetime capital gains exemption ("LCGE") for shares of a qualified small business corporation ("QSBC") or qualified family farm property...

The 2021 Federal Budget devoted an additional $304.1 million to the CRA to help it combat tax evasion and aggressive tax avoidance.

Uber wants its users, its drivers and particularly the Canada Revenue Agency (the "CRA") to agree that it does not provide "rides" to its "customers".

Forbes reports that the CRA has initiated audits in the cryptocurrency space, sending select taxpayers a lengthy and exacting questionnaire requiring information regarding the taxpayer's investments, ...