Businesses often respond to the initial communications from the Canada Revenue Agency ("CRA") without much thought. In the early stage of an Audit, the whole process can seem deceptively casual.

In its recent decision in Lavender v Miller Bernstein LLP, the Court of Appeal for Ontario overturned a summary judgment decision imposing liability on the auditor of a now defunct securities dealer in a class action brought on behalf of the dealer's clients.

Five years ago, the Supreme Court of Canada released its highly anticipated decision in Deloitte & Touche v. Livent Inc. (Receiver of), a case about pure economic loss arising from an auditor's negligent...

In Chambre des notaires, the SCC found that the ITA creates a conflict between legal advisors' duty of professional secrecy and their statutory duty of disclosure to the tax authorities.

Taking into consideration the differing political contexts of Canada and the United States, you might assume that the United States, because of its small government bent...

In Canada, the CRA enforces Canada's income tax, Goods and Services Tax ("GST"), Harmonized Sales Tax ("HST") and federal payroll taxes laws. These tax systems all have an element of self-reporting.

Introduced in 2009, the tax-free savings account allows individuals to set money aside tax free. While you cannot claim tax deductions for your TFSA contributions, the TFSA's earnings are tax free even when withdrawn.

S&P 500 companies most frequently (37% of the time) added an executive committee.

The Canada Emergency Wage Subsidy ("CEWS") is a government subsidy that was available for eligible businesses with full-time employees from March 15, 2020, to November 30, 2021.

A tax Notice of Objection is a formal dispute filed with the Canada Revenue Agency wherein the taxpayer appeals tax amounts assessed against the taxpayer by the Canada Revenue Agency.

Changes to National Instrument 52-108 Auditor Oversight and its Companion Policy (the Amendments) require auditors that

The Office of the Auditor General of Canada has released an audit report by the Canadian Commissioner of the Environment and Sustainable Development on the enforcement by ECCC of regulations to control toxic substances ...

The new federal tax gap report identifies key areas of tax non-compliance or non-payment.

Under both old Canadian GAAP and IFRS, the basic principle for impairments is the same – recognize a loss if the recoverable amount of an asset or group of assets is less than its carrying amount.

In preparation for the upcoming proxy season, issuers should familiarize themselves with the Canadian proxy voting guidelines recently published by Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co.

In preparation for the upcoming proxy season, issuers should familiarize themselves with the Canadian proxy voting guidelines ...

To assist individuals and businesses weather the economic downturn accompanying the ongoing COVID-19 pandemic, the Canadian government has introduced a number of COVID-19 subsidies and benefits.