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Canadians doing business in the U.S.
With the economy in Alberta the way it is, it is no surprise that oilfield workers are searching for business opportunities south of the border. But they and any other Canadians seeking to establish their business in the U.S. may not realize that there can be a lot of red tape to deal with. Proper planning is key before entering into this type of venture.
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Baker Tilly Advantage
As a business owner, you need information that’s timely and relevant to drive daily decisions. Baker Tilly Advantage addresses that need by leveraging best-in-class technologies to deliver customized accounting, finance and operational assistance.
The Latest at Baker Tilly Dartmouth
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GST/HST and QST filing deadlines for financial institutions
GST/HST and QST registrants that are financial institutions may be required to file a GST 111 – Financial Institution Annual Information Return. Those that are also selected listed financial institutions (SLFIs) are required to file an SLFI return.
Penalties and the Tax-Free Savings Account
Are you the recipient of a Tax-Free Savings Account (TFSA) from a deceased spouse or common-law partner? You should be aware that there may be forms to complete and timelines to be aware of. The Canada Revenue Agency (CRA) has been assessing penalties on over-contributions and exempt contributions made by survivors of deceased TFSA holders.
Income received after death
Recently, the Canada Revenue Agency released a technical interpretation to clarify the commentary in the T4001 Employer’s Guide – Payroll deductions and Remittances, and the T4011 guide, Preparing Returns for Deceased Persons, in respect of income payable at death...
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Transferring wealth during your lifetime
I was reading recently that approximately $30-trillion in assets will be shifting from one generation to the next across North America in the next few decades, according to consulting firm Accenture.
Smoothing the path to relinquishing your U.S. citizenship
On Sept. 6, the Internal Revenue Service (IRS) announced a new tax compliance program entitled “Relief Procedures for Certain Former (U.S.) Citizens” (Relief Procedures).
Shareholders agreements, exit provisions and the impact of control
Control is an important concept for applying certain income tax rules and valuation issues (amongst others) when dealing with corporations...
Fear and loathing in lost funds
As the blockchain space continues to evolve towards mainstream adoption, the complexity of issues associated with blockchain-based technologies continues to grow. Given the vast number of uses for blockchain technology and the likelihood that it will continue integrating into the world around us, it is important to understand the nature of decentralized technology and its basis of operations.
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Not an advantage is advantageous: investment fees paid outside registered plans
For almost three years, investors and their advisors were in a state of uncertainty concerning investment management fees paid outside of RRSP, RRIF and TFSA accounts (collectively “registered plans”).
Five key considerations for Canadians selling to Americans online
Due to the rise of online sales through the likes of Amazon and eBay, a number of Canadians are looking into selling goods online to consumers who live in the United States. Setting up an online business is a great way to supplement your primary income stream, but even if your business is a relatively small undertaking, there are several issues to consider. With that in mind, here are five key considerations for Canadians selling to Americans online.
Donations and your estate
Now that the calendar has flipped to May, accountants in public practice have an opportunity to reflect on the past busy season.
Baker Tilly Nova Scotia announces partner’s retirement
Dartmouth, NS – With profound respect and gratitude, Baker Tilly Nova Scotia announces the retirement of long-serving partner Bill MacMaster.
