Canada: Accounting Standards

On November 13, 2025, the Canadian Securities Administrators ("CSA") opened a 90-day comment period for proposed amendments to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure ("NI 52-112") and related changes to the Companion Policy (together, the "Proposed Amendments").

In Stack v The King, 2024 TCC 137, the Tax Court of Canada blocked the Canada Revenue Agency's attempt to obtain various documents, including an email record, that were protected by solicitor-client privilege.

For many businesses, the transition to paperless communication with the Canada Revenue Agency (CRA) offers convenience but can also introduce some challenges. One recurring issue has been the switch from physical HST.