A strong outlook thanks to a solid foundation
Despite significant challenges, the outlook for the engineering and construction industry across the country remains positive and highly receptive to mergers and acquisitions.
Recent Publications - Insights
Recent Publications
HVAC industry shows no signs of cooling off
In a new report examining the Canadian HVAC industry in Q4 2021, Baker Tilly Canada Capital Corporation analyzes the industry’s strong performance.
May 4, 2022 by Deepak Upadhyaya
Bored monkey or business model? Finding the commercial value in NFTs
Non-fungible tokens – NFTs – are quickly shifting from a buzzword to business model, according to Deepak Upadhyaya, Digital Technology and Risk practice leader for Baker Tilly Canada. Still, there are key considerations that must be addressed by brands seeking to effectively capitalize on this digital asset.
Tax changes to the Canadian digital economy
In recent months, the tax treatment of non‑resident and resident suppliers (i.e., Wayfair) engaged in e‑commerce sales has undergone significant changes. While many of these suppliers were not required to register to collect provincial or Canadian federal sales tax in the past, those obligations have changed.
Receive value for your values
Historically, the success or failure of most brands has been a direct result of products and services.
Sourcing and closing better deals with PitchBook
In its role as a financial advisor, Baker Tilly Canada Capital Corporation (BTCC) helps small- to mid-size companies execute sell-side, buy-side and valuation engagements.
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Automotive | Legal firms | Manufacturing | Insurance | Capital Management for Resource Companies | Farming & Agriculture | Oil and Gas | Mining | Dentistry | Corporate Finance | Estate Trustee During Litigation | Restructuring and Recovery Services | Transaction Services | Valuation Services |
February 4, 2021 by Richa Khanna
To compile or not to compile?
Many of you are quite happy with the compilation standards in place today.
The existing standard on compilation engagements was issued in 1987. While it might have been a revolutionary standard in its day, time has come to make this area of practice more relevant to the needs of users in the current day and age.
Global dealmakers: The cross-border M&A outlook for 2019 and beyond
In the first half of 2019 (H1 2019), global merger and acquisition (M&A) value reached $1.86 trillion, increasing 21 per cent from H2 2018 ($1.5 trillion). Although this was 8 per cent less than in H1 2018 ($2 trillion in announced deals), it was the second-highest half year on record.
Whitepaper: Expanding your business into Canada
Your business has decided to enter the Canadian market. Congratulations, this is an important step forward! However, launching in Canada is not without its risks and complications.
April 26, 2017 by Craig Cross
Revenue recognition for construction contracts under IFRS 15
The timing of revenue recognition may need to change in the near term for a construction entity preparing IFRS financial statements. Specific accounting guidance on construction contracts contained in IAS 11 Construction Contracts is replaced effective for annual reporting periods beginning on or after January 1, 2018. The International Accounting Standards Board (IASB) has published a new standard, IFRS 15 Revenue from Contracts with Customers (IFRS 15). IFRS 15 sets out requirements for recognizing revenue that apply to all contracts with customers.
March 23, 2017 by Maria Severino
Budget 2017: What did (and didn’t) emerge
Another federal budget has come and gone. If you blinked you might’ve missed it! Compared to last year’s changes to the small business deduction eligibility, among others, there weren’t many significant changes from a tax perspective in Budget 2017.
February 1, 2017 by Ben Gibbons
Tailor-made connections: matching financing needs to providers
For many entrepreneurs, the need to find financing can be like trying to sprint while dragging a weight along the ground. The time and effort spent researching financial sources, preparing pitches, and telling their story holds them back from focusing on the business and making their vision a reality.
December 8, 2016 by Larry Batte
Large farms, beware of this tax trap
Many incorporated family farming operations in Canada are able to use a 15 per cent corporate income tax rate on the first $500,000 of income. They do this by using a Small Business Deduction to reduce their corporate tax rate from the standard 26.5 per cent tax rate. This Small Business Deduction only applies to small farming operations. To be eligible for this lower 15 per cent tax rate, farm corporations must be under $10,000,000 to $15,000,000 of capital. This capital amount is approximately equal to the cost of all of your corporation’s assets.
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November 9, 2016 by Larry Batte
Cash basis accounting – tips & traps
Farmers are included among a select few taxpayers who are allowed to utilize the “cash method” of accounting for tax purposes. The vast majority of taxpayers are required to use the “accrual method.”
October 24, 2016 by Jim Dunlop
An entrepreneur’s checklist: Prepare now for a smooth tax season
If you’re an entrepreneur, you have a dream – and many priorities to manage along the way. Tax time is never top of mind, but likely always a worry.
June 10, 2016 by Paul Mandel
No small matter: minority shareholder disputes, taxes and ‘minority discounts’
Are you a minority shareholder in a private firm? Owning and selling shares can be slightly more complex than you realize. From buying or selling shares and handling disputes with majority shareholders, to understanding the true financial value of your shares (hint: it may not be what you think), as well as the tax implications, here is what you need to know.