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The Latest at Baker Tilly Calgary

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    Importance of Employee Benefits Plans

    With the economy opening back up and the world slowly transitioning back to normal, business owners are looking at the future of their companies. One of the critical challenges for this post COVID world is a company’s ability to attract and retain top talent. Employee Benefits can set you apart from other companies and attract the applicants you are looking for.

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    Managing banking relationships in agricultural organizations

    For many agricultural organizations, their chosen financial institution is a significant partner in the success of the operation. With increasing consolidation of farm corporations, credit facility agreements are becoming larger and more complex. Reporting frequency has increased, covenants have been added, and many institutions are seeking forward-looking projections. 

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    Does Buying a Business Make Sense?

    With a reported 60% of small and medium-sized Canadian business owners being 50 or older, it is expected that the supply of businesses-for-sale will increase in the coming years.  Buying an existing business can have many benefits over starting from scratch, but overlooking the faults of an existing business can lead to losses and headaches. 

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    Recruitment and retention: deliver a “signature” career experience!

    So, what am I hearing these days from firm leaders? It’s something along the lines of, “We have no trouble finding demand for our services—all practice groups are maxed out and then some! We are having trouble attracting, recruiting and retaining the right lawyers we need to do the client work. Over time, of course, we know the inverse will be true, but how do we deal with the here and now?”

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    The associate salary deception

    When your average baseball fan goes to a ballgame these days, invariably they grumble about the expense—$50 tickets, $15 beers, $9 hot dogs, and so forth. “It’s those greedy players,” they complain to the fan in the next seat, “They make millions of dollars, so the club has to charge high prices for everything. They should be grateful just to have a job in this economy.”

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    Addressing the proposed EIFEL rules

    On Feb. 4, 2022, the Department of Finance (Finance) introduced draft legislation relating to Excessive Interest and Financing Expenses Limitation (EIFEL) rules, which implement the recommendations in Action 4 of the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting (BEPS) project.

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    Is it Time to Start my Succession Plan?

    Is it time to create a succession plan? A recent survey by the Canadian Federation of Independent Business (“CFIB”) reported that 42% of small business owners now expect to retire later than planned because of COVID-19.  This has significant implications for Canada’s economy, aging entrepreneurs and their families.  

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    Five things lawyers hate to hear clients say

    In situations involving you and your client, the adversarial system is your worst enemy. The only win is a long-term client relationship that is sustainable, and a short-term victory gained by your legal swordsmanship almost guarantees a failure on that score.

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    Advancing your firm’s growth, leadership and success

    In today’s legal landscape, firms must continually consider and evaluate how they operate. A big part of this is being ready to address and adapt to new circumstances and challenges. With this in mind, our latest Lawyers Alert examines a variety of relevant topics, including the true economics of associates’ compensation, optimizing your firm’s strength in attracting top talent and how to effectively ⁠–⁠ and tactfully ⁠–⁠ manage client expectations. We invite you to review the feature articles below, as they offer valuable perspective, insight and commentary.