September 12, 2023 by Mandeep Gaheer
In our latest Tax Alert, we take a look at repatriation planning. Specifically, we examine the most effective tax strategies for a Canadian subsidiary (“CanCo”) to repatriate profits to its U.S. parent corporation (“USCo”).
August 4, 2023 by John F. Oakey
Among its wide‑ranging tax measures and initiatives, Budget 2023 provides long‑awaited clarity on the issue of intergenerational transfers.
July 26, 2023 by Mike Hayward, Dean Morris
At Baker Tilly Canada, we are committed to helping ensure fairness and integrity in the Canadian tax system.
As part of this commitment, we are grateful for the opportunity to provide our input on the Department of Finance consultation paper regarding reform and modernization of Canada’s transfer pricing rules.
June 19, 2023 by Ryan Minor
Budget 2023 proposes to introduce “employee ownership trusts” (EOTs) to encourage employee ownership of a business and facilitate the transition of privately owned businesses to employees. The EOT structure was influenced by similar approaches in the United Kingdom and the United States. The proposed amendments have an effective date of Jan. 1, 2024.
June 13, 2023 by John F. Oakey, Brenda L. Scott
On May 25, the PEI government released its 2023 budget. The following are highlights of the key tax measures.
May 25, 2023 by Dean Morris
Much like large global companies, small‑ to medium‑sized enterprise multinational enterprises (MNEs) may be subject to complex transfer pricing requirements. As governments increasingly seek to protect their tax base, our new Tax Alert focuses on the transfer pricing challenges and considerations facing small‑ to medium‑sized enterprise MNEs.
May 15, 2023 by Melinda Fleming
Planning to build or substantially renovate a residential rental property? Whether it’s a small rental house or large apartment tower, property developers in Canada are subject to strict GST/HST obligations.
April 20, 2023 by Mike White
The biggest chokepoint in law firms these days is the inability to align most lawyers – particularly younger lawyers – around behaviors that keep their firm most healthy. I am often asked, “This remote/hybrid work model is shielding our people from the collective ambition and shared expectations that are the mother’s milk of firm success. How do we motivate our lawyers to really extend themselves for our firm, and what should those contributions look like?”
April 20, 2023 by Heather Gray-Grant
While I help law firms deal with a myriad of issues, the top focus of my consulting advice in 2022 had to be associate churn. So, here is a two‑part post on this issue. First, I want to speak to associates who are considering leaving their firm. Next, I will speak to law firms about how to create conditions that will lessen associate temptations to leave.
April 20, 2023 by Jordan Furlong
Some people think large language models will transform the practice of law. I think it's bigger than that.
April 20, 2023 by Carlos Arcos
I recently received a request from a client to promote a recent litigation success for their firm by getting the victory placed in the news. But by the time I received the information, the victory was days, if not weeks, old.
March 24, 2023 by John F. Oakey, Brenda L. Scott
On March 23, the Nova Scotia government released its 2023-24 budget. The following are highlights of the key tax measures.
March 23, 2023 by John F. Oakey, Brenda L. Scott
On March 23, the Newfoundland and Labrador government released its 2023 budget. The following are highlights of the key tax measures.
March 23, 2023 by John F. Oakey, Brenda L. Scott
On March 22, the Saskatchewan government released its 2023 budget. The following are highlights of the key tax measures.
March 22, 2023 by John F. Oakey, Brenda L. Scott
On March 21, the New Brunswick government released its 2023 budget.
March 22, 2023 by John F. Oakey, Brenda L. Scott
On March 21, the Québec government released its 2023-2024 budget. The following are highlights of the key tax measures.
March 14, 2023 by John F. Oakey
On Feb. 28, 2023, the U.S. Supreme Court ruled in the case of Bittner v. United States1 that the non‑willful penalty for failure to file the Foreign Bank and Financial Accounts (FBAR) report was on a per report basis, not per account basis.
March 8, 2023 by John F. Oakey, Brenda L. Scott
On March 7, the Manitoba government released its 2023 budget. The following are highlights of the key tax measures.
March 1, 2023 by John F. Oakey, Brenda L. Scott
On Feb. 28, 2023, the Alberta government released its 2023 budget. The following are highlights of the key tax measures.
March 1, 2023 by John F. Oakey, Brenda L. Scott
On Feb. 28, the B.C. government released its 2023 budget. The following are highlights of the key tax measures.