Mondaq Canada: Accounting and Audit > Audit
Fasken
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.
Rotfleisch & Samulovitch P.C.
MNR v Cameco Corporation (2019 FCA 67) shows that the Canada Revenue Agency's tax-audit powers—while broad—come with limits.
Torys LLP
Public companies in Canada and the United States are required to engage independent external auditors to perform an audit of their annual financial statements.
LexSage
This would allow the CRA auditor to see what changed from the draft report to the final report.
Davies Ward Phillips & Vineberg
In three recent decisions, the courts have curtailed the Canada Revenue Agency's broad interpretation of its audit powers and, in so doing, have armed taxpayers with the legal means to push back against ...
Davies Ward Phillips & Vineberg
Finally, the FCA examined the legislative history of the provision.
Fasken
In August 2008, American Brands issued a purchase order to Capmatic for the Equipment.
Rotfleisch & Samulovitch P.C.
In Canada (National Revenue) v Atlas Tube Canada ULC, the Federal Court held that Canada Revenue Agency could compel a private corporation to disclose its draft tax due diligence report during the course of an ongoing audit.
Rotfleisch & Samulovitch P.C.
The CRA has general powers to require persons to provide information related to a tax audit however these general powers are limited, such that, the CRA cannot require persons to provide third party documents without judicial authorization.
Barrett Tax Law
CRA has recognized the power of the methodology to cause harm to the taxpayer resulting from inaccurate and excessive reassessments.
Barrett Tax Law
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.
Barrett Tax Law
In my first article in this series, I expressed the opinion that the entire Harmonized Sales Tax system and its legal framework are fundamentally flawed.
Gowling WLG
MNR v Cameco Corporation, 2019 FCA 67 ("Cameco") was an unsuccessful appeal by the Crown of a failed compliance order application in the Federal Court ("FC").
Goldman Sloan Nash & Haber LLP
The Canada Revenue Agency ("CRA") audits taxpayers to ensure compliance with the Income Tax Act ("Act"). In completing an audit, the CRA has broad powers to request documents and information;
Fasken (French)
Au Québec, annuellement, l'Agence du revenu du Québec (« L'Agence ») émet plus de 1 100 000 avis de nouvelle cotisation. De ce nombre, seulement 5 à 6 % sont émis à la suite d'une vérification fiscale.
Osler, Hoskin & Harcourt LLP
The Canada Revenue Agency (CRA) has increasingly requested oral interviews during audits, particularly in transfer pricing audits. In Minister of National Revenue v. Cameco Corporation,
TaxChambers LLP
The Canada Revenue Agency (the "CRA") appears to be targeting users of bitcoin and other cryptocurrencies for audit, according to a Forbes online article (the "Article").
Spiegel Sohmer
In a short decision dated December 5, 2018 in the matter Dion v. Quebec Revenue Agency, 2018 QCCQ 10280 ...
TaxChambers LLP
The Canada Revenue Agency (the "CRA") has launched roughly 100 audits into taxpayers named in the Paradise Papers offshore tax leak, according to documents tabled in Parliament.
Fasken
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, ...
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Rotfleisch & Samulovitch P.C.
MNR v Cameco Corporation (2019 FCA 67) shows that the Canada Revenue Agency's tax-audit powers—while broad—come with limits.
Davies Ward Phillips & Vineberg
In three recent decisions, the courts have curtailed the Canada Revenue Agency's broad interpretation of its audit powers and, in so doing, have armed taxpayers with the legal means to push back against ...
Torys LLP
Public companies in Canada and the United States are required to engage independent external auditors to perform an audit of their annual financial statements.
LexSage
This would allow the CRA auditor to see what changed from the draft report to the final report.
Fasken
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, ...
Rotfleisch & Samulovitch P.C.
In Canada (National Revenue) v Atlas Tube Canada ULC, the Federal Court held that Canada Revenue Agency could compel a private corporation to disclose its draft tax due diligence report during the course of an ongoing audit.
TaxChambers LLP
The Canada Revenue Agency (the "CRA") has launched roughly 100 audits into taxpayers named in the Paradise Papers offshore tax leak, according to documents tabled in Parliament.
Barrett Tax Law
CRA has recognized the power of the methodology to cause harm to the taxpayer resulting from inaccurate and excessive reassessments.
Rotfleisch & Samulovitch P.C.
The CRA has general powers to require persons to provide information related to a tax audit however these general powers are limited, such that, the CRA cannot require persons to provide third party documents without judicial authorization.
Stikeman Elliott LLP
The Canadian Council of Insurance Regulators (CCIR) and the Financial Services Commission of Ontario (FSCO) have released finalized versions of their policies on the fair treatment of customers.
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