With member firms from coast to coast, we are one of the country’s largest associations of chartered professional accounting firms. As an all-Canadian network, we have a longstanding reputation for value-added audit, tax and advisory solutions.
This past year has been an unprecedented time for Canadian businesses. We’ve seen a variety of relief measures introduced in response to the COVID-19 pandemic, but what the upcoming federal budget has in store remains to be seen. Stay tuned for in-depth Budget 2021 commentary, where we’ll be offering expert analysis on the issues that matter most to Canadian businesses from coast to coast.
Everyone at Baker Tilly Canada is committed to influencing tomorrow for our clients, our profession and our community, an objective that shapes our lives inside and outside the office. Get better acquainted with the experts behind this mission, and what drives them to excel. From their outlook on the industry to their passions to the wise words that inspired their professional development, the Five in five series gets to the heart of each expert’s story – in just five minutes.
If you want to take a closer look at tax rates in Canada, you’ve come to the right place. The following fact sheets offer a convenient comparison of relevant tax rates from every Canadian province and territory.
On February 25, 2021, the Alberta government released their 2021 budget. The following are highlights of the key tax measures.
Montreal, QC – Baker Tilly Montreal is pleased to announce Paul Csombo and Riccardo Zerbino have been promoted to principal.
Where a person receives an assessment for income tax purposes and files an objection, the Income Tax Act prevents the CRA from taking collection measures in most cases until the objection is settled. However, the CRA is not subject to the same restraint where a person is assessed for GST/HST purposes. Section 315 of the Excise Tax Act (ETA) provides that, where a notice of assessment is issued, any amount assessed (including interest and penalties) becomes payable “forthwith” – meaning immediately.
On March 16, 2021, the New Brunswick government released their 2021 budget. The following are highlights of the key tax measures.
On July 27, 2018, the Department of Finance proposed changes to the Income Tax Act to require trusts to file T3 Trust Income Tax and Information Returns to provide prescribed information, applying to non-excepted trusts having taxation years ending after December 30, 2021.
In recent years, farmland prices have increased significantly across many parts of Canada. At the same time, the average age of the Canadian farmer has risen as well, leading to many farms being transferred to next generations or sold to third parties.
Updated as of March 23, 2021. Stay tuned for the latest updates on tax and financial measures impacting Canadian businesses in the wake of COVID-19, as well as insights on how organizations can navigate this crisis.
Sudbury, ON – Baker Tilly SNT is pleased to announce Maxine Laforest has been promoted to the role of principal. Her career with the firm began 18 years ago when she came on board as a co-op student. Laforest moved to a full-time role later the same year – and her career has flourished ever since.
The Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) were legislated to be available until June 2021 with details of the program provided up to March 13. On March 3, the Department of Finance announced the details for the final three claim periods covering March 14 to June 5, 2021.
The revised T1134 Information Return Relating to Controlled and Non-Controlled Foreign Affiliates was officially released in February 2021. It includes additional questions and more detailed disclosure with a goal of clarifying and enhancing compliance requirements.
