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The federal government recently increased the capital gains inclusion rate from 50% to 66.67% on gains above $250,000 for individuals and on all gains for corporations. However, other updates have helped offset this change.
Anticipated tariffs on imports from Canada as proposed by President‑Elect Trump have caused significant uncertainty for Canadian businesses involved in cross‑border trade. This bold tariff threat may simply be a negotiating tactic by the U.S. and not materialize. Nevertheless, businesses should expect a challenging and cloudy trade environment where the threat of tariffs is ever present. Moreover, renegotiation of the United States‑Mexico‑Canada Agreement (“USMCA”) will occur during Trump’s presidency.
Waterloo, ON – Baker Tilly congratulates Lenny Williams of Baker Tilly in Saskatoon on being named winner of the first ever Baker Tilly International Rising Star Manager Award at the network’s recent World Conference in Vienna.
For Canadian farm businesses, AgriInvest can be a highly valuable program. It’s a savings account farms share with the government to help manage income loss, make investments, minimize risk and increase income.
As we enter the Age of Accessible Law, a wave of new demand is coming our way—but AI will meet most of the surge. What will be left for lawyers? Just the most valuable and irreplaceable role in law.
Waterloo, ON – Baker Tilly proudly recognizes the 62 exemplary professionals from across our Canadian network who have successfully completed the 2024 Common Final Examination (CFE). Additionally, Madeline Kiesekamp from Baker Tilly in Dartmouth was named National Gold Medalist (Atlantic Region).
What if your business could tap into a treasure trove of financial incentives?
Among its wide‑ranging tax measures and initiatives, Budget 2023 provides long‑awaited clarity on the issue of intergenerational transfers.
Ready to unlock the potential of your business structure? Family trusts are a powerful tool that can offer substantial flexibility and tax benefits for businesses.
On Nov. 21, 2024, the Department of Finance announced it would temporarily introduce a measure to implement a Goods and Services Tax/Harmonized Sales Tax (GST/HST) break for Canadians for the two‑month period from Dec. 14, 2024 to Feb. 15, 2025.
The government is proposing that the GST/HST on groceries and essential holiday items be fully relieved from Dec. 14, 2024 to Feb. 15, 2025. This proposal aims to provide financial assistance to all Canadians, particularly those who are struggling with rising costs of living during the holiday season.
Every year, we encounter firms that, part of the way through the lifetime of a strategic plan, are presented out of the blue with strategic opportunities. Examples often include opportunities to merge with or acquire another firm, to recruit a team or partner, to open an office in another place, or to invest in new premises or technology.
Training for a marathon is no easy task. The physical and mental process is daunting, grueling, time-consuming and rewarding all at once. It requires a high level of dedication, strategy and intention
