Recent Publications

Recent Publications

November 22, 2023 by Rosa Maria Iuliano

2023 Fall Economic Statement: Tax measures

Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the 2023 Fall Economic Statement (FES) in the House of Commons on Tuesday, Nov. 21, 2023.

November 9, 2023 by Mike White

The client bear hug

Since law firms became professionally managed businesses, the profit-generating flywheel of firms has kicked into higher gear. While correlation does not equal causation, law firm financial performance is exceeding all 12‑15‑year‑old expectations of market watchers. With so much financial success in the rearview mirror, how do ambitious firms capture new...

November 9, 2023 by Keith Ecker

Three ways to use ChatGPT for law firm content marketing

This is the year of ChatGPT. The large language model‑based chatbot now boasts more than 100 million users, and that number likely will continue to increase. Already the technology has become a major disruptor in various areas of life, from education, where schools are debating how to draft policies dictating students’ use of the technology, to Hollywood, where writers continue to strike in part due to the looming threat that AI poses to their jobs.

October 4, 2023 by Ben Berci

Underused Housing Tax Notice (UHTN15) update

The Canada Revenue Agency (CRA) recently released an update to its Underused Housing Tax Notice (UHTN15) – Question and Answers about the Underused Housing Tax (UHT). The new questions and answers address issues related to partnerships, common estate planning, financing scenarios and more. 

September 25, 2023 by Bryan Whalen, Madeline Kiesekamp

The impact of inflation on instalment interest and penalties

As interest rates rise in Canada, taxpayers may face higher charges on their notice of assessments. Failing to make required instalment payments throughout the year could catch some people off‑guard, especially in light of higher interest rates. Here, we outline the calculations behind instalment interest and penalties, along with the costly consequences of not meeting payment requirements.

September 12, 2023 by Mandeep Gaheer

Bring it back – Repatriating profits from Canada to the U.S.

In our latest Tax Alert, we take a look at repatriation planning. Specifically, we examine the most effective tax strategies for a Canadian subsidiary (“CanCo”) to repatriate profits to its U.S. parent corporation (“USCo”).

July 26, 2023 by Mike Hayward, Dean Morris

BT Canada offers recommendations on transfer pricing reform

At Baker Tilly Canada, we are committed to helping ensure fairness and integrity in the Canadian tax system.

As part of this commitment, we are grateful for the opportunity to provide our input on the Department of Finance consultation paper regarding reform and modernization of Canada’s transfer pricing rules.

June 19, 2023 by Ryan Minor

Handle with care – Understanding how employee ownership trusts work

Budget 2023 proposes to introduce “employee ownership trusts” (EOTs) to encourage employee ownership of a business and facilitate the transition of privately owned businesses to employees. The EOT structure was influenced by similar approaches in the United Kingdom and the United States. The proposed amendments have an effective date of Jan. 1, 2024.

May 25, 2023 by Dean Morris

Transfer pricing and small‑ to medium‑sized enterprises

Much like large global companies, small‑ to medium‑sized enterprise multinational enterprises (MNEs) may be subject to complex transfer pricing requirements. As governments increasingly seek to protect their tax base, our new Tax Alert focuses on the transfer pricing challenges and considerations facing small‑ to medium‑sized enterprise MNEs.

April 20, 2023 by Mike White

Remote work and law firm culture: more than just foosball tables and kegs !

The biggest chokepoint in law firms these days is the inability to align most lawyers ⁠–⁠ particularly younger lawyers ⁠–⁠ around behaviors that keep their firm most healthy. I am often asked, “This remote/hybrid work model is shielding our people from the collective ambition and shared expectations that are the mother’s milk of firm success. How do we motivate our lawyers to really extend themselves for our firm, and what should those contributions look like?”