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  • Baker Tilly

    Baker Tilly Montreal promotes Constantina Gomatos to principal

    Montreal, QC – Baker Tilly Montreal is pleased to announce that Constantina Gomatos has been promoted to principal. Practicing tax since 2004, Gomatos has dealt with a diverse clientele, which includes owner-managed businesses, their shareholders, their corporations and foreign entities operating in Canada. She also works with Canadian entities operating in foreign jurisdictions in a variety of industry sectors, including manufacturing, distribution, real estate and retail. 

  • Baker Tilly

    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.

  • Baker Tilly

    Canadian taxation of employee stock options: the winds of change

    As promised in the 2019 Federal Budget, draft legislation restricting the preferential treatment afforded to employee stock option plans was released on June 17, 2019. Currently, the preferential treatment, which is provided to all corporations, is a 50 per cent reduction in the taxable benefit to the stock option holder, provided specific criteria are met. 

The Latest at Baker Tilly Montréal

  • Baker Tilly

    Baker Tilly Montréal S.E.N.C.R.L./LLP

    As a leading mid-market firm, we have been serving the Montréal business community for more than 70 years. From real estate to manufacturing, import/export and high-tech to retail and the service industry, we have experience in virtually every sector of the Canadian economy. Committed to professionalism and excellence in personalized service, we adapt to the changing needs of every client. Quite simply, we put our clients first.

    Baker Tilly

    Purifying your farm corporation

    Purified farm corporations have access to some major tax advantages, including the lifetime capital gains exemption and the ability to transfer assets to the next generation at cost. In order to qualify for these opportunities, 90 per cent of your farm corporation’s assets need to be active farming assets. If non-farming assets exceed 10 per cent, you will no longer qualify unless you remove some of these assets. This article will take a closer look at the tax opportunities available to purified farming corporations and the steps you can take to ensure you have access to them.

  • Baker Tilly

    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.

    Baker Tilly

    Eight tips to retain employees

    Retaining employees is the most important challenge facing companies today. For one, the birth rate is declining in North America. On average, Canadian families are having 1.2 children per couple versus 4.6 back in the ’60s.

  • Baker Tilly

    Workplace parties: worth the risk?

    At Baker Tilly, we know our people are integral to our business excellence. Our people solutions strategies support this success by providing healthy workplace cultures for our employees and leaders who treat them as people, not simply human capital.

    Baker Tilly

    The new rules surrounding capital cost allowance

    In your farming business, you are likely to acquire depreciable property such as buildings or equipment. Since this property wears out or becomes obsolete over time, you can deduct the cost of each item over a period of several years in an annual deduction known as the capital cost allowance (CCA). For example, before recent changes to the rules, you would receive half of the 30 per cent CCA in the first year after purchasing a Class 10 asset (e.g., a self-propelled vehicle). If you bought a tractor that cost $100,000, you would receive a $15,000 write-off in the first year. In subsequent years, that 15 per cent would increase to 30 per cent of the remaining balance.