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The Latest at Baker Tilly Elora

  • Baker Tilly

    Baker Tilly Montreal announces new partner

    Montreal, QC – Baker Tilly Montreal is pleased to announce Nathalie Nguyen has joined the partnership. Nguyen graduated from Concordia University with a Bachelor of Commerce in 1995 and subsequently received her CA designation in 199

    Baker Tilly

    Family trusts: the aftermath

    The last 24 months have seen a deluge of tax announcements from Ottawa with adverse impacts on private family businesses and corresponding family members. Announcements were implemented, modified and shelved, so taxpayers and advisors are still coping with the changes. Many taxpayers are understandably confused about which planning strategies remain available.

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    Income from farm partnership: computation and reporting by individuals

    Farm partnership tends to be the preferred choice of operating arrangement for many farm operators that stop acting as sole proprietors. Many of these farm partnerships are operated by immediate family members. As we head into the individual income tax filing season, it is the ideal time to refresh some of the key principles on computation and reporting of farm partnership income by individuals.

    Baker Tilly

    Baker Tilly WM welcomes new partner

    Vancouver, BC – The Vancouver office of Baker Tilly WM LLP is proud to have Graeme Cocke join its team as an audit and accounting partner. Cocke specializes in assisting clients in the real estate, hospitality and mining sectors.

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    Favourable tax treatment for land clearing and drainage

    The tax treatment of clearing and tile drainage of agricultural land differs based on the ownership and use of the land. This article discusses the treatment under the most common scenarios. Compared to other businesses, farmers receive favourable tax treatment for these types of expenditures. 

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    Proposals address tax recovery on excess payments

    Department of Finance introduced draft legislation on January 15, 2019 in response to errors made by the Phoenix payroll System regarding overpayments to public service employees. Although this legislative response was to deal with the aftermath of the Phoenix System, the proposal applies to both the public and private sector.