Mr. CA goes to Tax Court

Article Abstract:

The revision of the Tax Court of Canada Act has allowed chartered accountants to represent their clients in tax appeals and other related cases. However, accountants still lag other professionals when it comes to representing individual taxpayers despite the Act's establishment of the so-called Informal Procedure. This procedure provides a more relaxed set of rules where taxpayers may represent themselves or be represented by an agent. Chartered accountants should take advantage of this provision since they are very familiar with their clients' tax affairs.

Financial Personnel, Canada, Tax consultants, Tax accounting, Practice, Tax appeals, Tax policy, Financial occupations

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Canucks in the Caymans

Article Abstract:

Colin Nicholson, Pam Lawrence and Erwin Dikau are some of the many Canadian chartered accounts (CAs) who are flocking in the Cayman Islands. The Cayman Islands, which is located at about 800 kilometers directly south of Miami state, is a popular working destination among Canadian CAs mainly because of its booming financial services sector. CAs ranging from 25 to 40 years old are coming to the island to have a few years of international experience and to take advantage of its attractive tax regulations.

Financial Services, Finance and Insurance, Economic aspects, Financial services industry, Cover Story, Cayman Islands

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Privileged information

Article Abstract:

Accountants may be required to provide Revenue Canada with confidential information on the business affairs of their clients. Should such an order be given by the tax authorities, accountants are obligated by the Income Tax Act to comply with the order. There is one exception to this general rule and it is applicable when the information is privileged, in which case accountants may refuse to make any disclosures to third-parties, including Revenue Canada.

Powers and duties, Confidential communications, Canada. Customs and Revenue Agency

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