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March 5, 2025

Episode 3 - Opportunity Rocks with Rocky Bhatia

In this episode, host Rocky Bhatia is joined by Sean Grant‑Young, National Director of Tax for Baker Tilly in Canada. Together, they delve into recent changes to Canadian tax legislation, such as the proposed capital gains inclusion rate increase, along with the uncertainty surrounding these issues due to the prorogation of Parliament. 

Podcast: Opportunity Rocks | 

December 2, 2024 by Rocky Bhatia

Episode 1 - Opportunity Rocks with Rocky Bhatia

Welcome to Opportunity Rocks! Host Rocky Bhatia kicks the series off with his signature “no‑nonsense approach,” laying the foundation for what’s to come, as he gears up to tackle key topics and issues impacting Canadian businesses. Whether looking at increasingly complex tax legislation or the emergence of new technologies, he’ll empower business owners and entrepreneurs with valuable insight, fresh perspective and trusted guidance.

Podcast: Opportunity Rocks | 

October 23, 2024 by Sean Grant-Young

Navigating the complexity of today’s tax compliance

In the tax policy world of 2024, Canadian accountants and businesses face many challenges as they try to properly administrate their existing corporate structures and execute their tax planning. Today’s tax laws are far more complex and ambiguous than they were a decade ago, particularly in the owner/manager or mid-market space. While the rules for large corporations and multinationals are no less complex, those businesses have many more resources then the typical owner/manager.

Ignite Blog | 

September 19, 2024 by Luther VanGilst

Why more farmers are seeing smaller corporate tax bills

Many farmers across Canada can expect to benefit from a change in the small business deduction (SBD) rules. In fact, you may have already noticed your corporate tax bill has gone down this year. This is because the change came into effect starting with corporate year‑ends ending April 30, 2023.

Farm Series | 

July 23, 2024 by Blair Brown

4 cyber concerns every business should consider

Cyber criminals are constantly developing new techniques to compromise the security of unsuspecting businesses. The threat spectrum is always changing due to emerging technology and the expansion of cloud services, automation, artificial intelligence and machine learning. Against the backdrop of this evolving threat landscape, the risk paradigm for our public and private sector clients has evolved. What follows is an overview of the four most common cybersecurity threats and concerns we currently warn clients about.

Ignite Blog | 

July 17, 2024 by Deanna Cregg

The difference between expenses and capital expenditures

The tax implications of expenses and capital assets are quite different, so it’s important farm businesses understand these implications before making a significant investment in new assets or renovations. Unfortunately, the difference is not always clear. When a farm business spends money on a project that is deemed a repair, this can be deducted in the current tax year as an expense. However, if money is spent on a capital improvement, that gets added to the cost of the asset, which is then depreciated over time. In other words, rather than get the full benefit of the deduction in the year the investment is made, businesses see this benefit gradually, over a number of years, depending on the class of the asset and the depreciation rate. That is the fundamental difference between expenses and capital expenditures.

Farm Series |