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In Grant Thornton LLP v. New Brunswick, the Supreme Court of Canada (SCC) unanimously held that a claim is discovered – and the limitation period begins to run – when the plaintiff knows, or ought to know,...

In a recently reported decision of the Ontario Assessment Review Board in Mifran Investments Limited, the Board ordered the property tax assessment on a contaminated property reduced to zero.</

On July 29, 2004 the Supreme Court of Canada released its long-awaited decision in the matter of Monsanto Canada Inc. v. Superintendent of Financial Services. This decision has major funding implications for companies with defined benefit pension plans.

At the time Canada was amending its transfer pricing rules, much concern – and some confusion – arose over the potential application of the rules to financial transactions. This was particularly the case where the tax consequences of applying those rules to financial transactions were already regulated under other provisions of the Canadian Income Tax Act.

On October 30, 2009, the Supreme Court of Canada rendered judgment in the matter of the Deputy Minister of Revenue of Québec and Her Majesty the Queen v. Caisse Populaire Desjardins de Montmagny and Raymond Chabot Inc., trustee in the bankruptcy of 9083-4185 Québec Inc

In the course of an audit, the Canada Customs and Revenue Agency (CCRA) has the ability to require a taxpayer’s accountants and lawyers to provide documents and information in their possession. CCRA’s rights are not unrestricted and, in several recent cases, the scope of the protection of documents from disclosure on the grounds of solicitor-client privilege has been tested

Donated human ova and in vitro embryos are being used in assisted human reproduction procedures in Canada. The Budget propose to extend GST/HST relief for human ova and in vitro embryos

In-House Counsel Worldwide (ICW) and Mondaq are delighted to share their annual 2025 Global In-House Counsel Survey Report.

For many different reasons, a person may decide to appoint a power of attorney to manage their personal and/or property affairs. In doing so, they can limit the powers granted or the attorney's...

Prompted by government concerns about the depletion of Canada’s tax base, tax authorities here are now using transfer pricing principles as a primary audit tool to evaluate – and challenge – income allocation to Canada by multinationals. As a result, virtually all cross-border business activities between related parties are now subject to transfer pricing audits. Here, we look at some of the key areas tax authorities are zeroing in on.

The CCCA, the leader and voice for Canadian in-house counsel, and Mondaq, a leading global provider of AI-enabled content marketing, analytics and data solutions for professional services firms...

One of the most fundamental rules of the Income Tax Act is that taxpayers who operate a business are required to keep books and records with sufficient detail that the CRA tax auditors can audit and confirm the amounts reported.

In a recent ruling, the Alberta Court of King's Bench considers the standard of care expected of an accounting firm performing a Review Engagement following the collapse...

On October 1, 2010 the Canadian Securities Administrators (CSA) finalized amendments to National Instrument 31-103 "Registration Requirements and Exemptions", along with National Instrument 52-107 "Acceptable Accounting Principles and Auditing Standards".

In any self-reporting or honour system like we have in Canadian taxation, there must be a means by which the state can verify the correctness of information provided.