Donors and charities would be prudent to monitor these developments and obtain professional advice where necessary.

Sanity prevailed in a recent Federal Court ("FC") decision involving an application by the Minister of National Revenue ("Minister") to compel a taxpayer to produce approximately 25 employees...

When most taxpayers receive a Notice of Assessment from the Canada Revenue Agency (CRA), they likely have the following concern: what did I do wrong?

In HLP Solution Inc. v. The Queen (2015 TCC 41 ) the Tax Court held that a CRA employee lacked the necessary impartiality to testify as an expert witness because of her prior involvement in auditing the taxpayer.

On October 31, 2022, the Federal Court of Appeal ("FCA") rendered its decision in Miller v. Canada (National Revenue).

Once a Canadian income tax return has been submitted to CRA it goes through computer and human reviews.

"Help! I'm being audited," are dreaded words uttered by Canadians. They are especially dreaded by business owners because an audit means extra work and extra accounting costs.

Traditionally, a tax audit has been seen as an administrative process, where a CRA auditor examines the books and records of a taxpayer and proposes adjustments to the characterization...

Tax auditors often request audit waivers when approaching limitation periods, but these seemingly simple agreements carry significant risks for taxpayers.

The securities regulatory authorities in all Canadian provinces and territories except Ontario and British Columbia have announced their intention to issue harmonized interim local orders that provide exemptions from certain financial statement-related and audit requirements of Form 45-106F2 – Offering memorandum for non-qualifying issuers.

In response to changes in third-party assurance standards in both the US and internationally, the Auditing and Assurance Standards Board has issued a new Canadian Standard on Assurance Engagements called Reporting on Controls at a Service Organization (CSAE 3416).

There are three different levels of Valuation Reports that can be issued by members of the Canadian Institute of Chartered Business Valuators.

Both Glass, Lewis & Co (Glass Lewis) and Institutional Shareholders Services (ISS) recently released voting guidelines for the 2020 proxy season.

As a response to a number of high profile corporate scandals in the United States, the Sarbanes-Oxley Act of 2002 (SOX<B>) </B>mandated a series of corporate governance rules for US public companies. The Canadian Securities Administrators (CSA) have followed suit through the introduction of a series of national instruments and policies (CSA Rules) that affect the governance of Canadian public companies. The CSA Rules are summarized below.

The BC government has introduced proposed changes to the Mines Act (the Act) in Bill 6 (Mines Amendment Act, 2020), which passed its First Reading in the Legislative

A net worth audit is an indirect tax audit technique used by the Canada Revenue Agency or CRA where it has cause to believe the taxpayer's usual records are not an accurate reflection of the taxpayer's income.

During any type of tax dispute resolution process, a taxpayer's priority should always be to meet the deadlines prescribed by the relevant legislation.

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