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.
Most businesses must pay taxes on all income, including accounts receivable and inventory in the year they are created. However, farm businesses are one of the few exceptions, as they are permitted to pay taxes on a cash basis. As a result, they have the unique ability to deduct prepaid expenses and push income into future years. Rather than pay tax on inventory, they can wait until this inventory has been sold. While most farmers prefer to take advantage of this deferral opportunity, this is not always the best option.
“We believe in continual education and improvement of our processes. This ensures we are prepared to deliver the best results for our clients every time.”
“My talent is being a driving force and creator of excitement about growing, whether it’s our firm or a client’s business.”
Most Canadians know that selling their home normally will not result in income tax thanks to the principal residence exemption (PRE). Unfortunately, people tend to extend this "knowledge" into a feeling that they need never worry about tax when dealing with their principal residence.
“In all my work, I apply cross-functional knowledge from a technology, business and risk point of view.”
Montreal, QC – For the ninth consecutive year, Collins Barrow Montreal will take part in The Weekend to End Women's Cancer. In August, dozens of participants from the firm will join forces for OneWalk to Conquer Cancer™, the Jewish General Hospital's next-generation fundraiser.
On May 31, 2021, the NL government released its 2021 budget. The following are highlights of the key tax measures.
“Accountants are human and we will make mistakes. It’s how we handle the mistakes that counts.”
Montreal, QC – Back to school is an exciting time for families, but for parents who work hard to cover the basic costs of raising a family, the extra burden of purchasing school clothes and supplies can be stressful financially.
The Biden administration’s “Made in America Tax Plan” and what it could mean for U.S. citizens residing in Canada
Updated May 13, 2021 (see below)
The Canada Revenue Agency (CRA) and Service Ontario announced they are severing ties as of May 15, 2021 regarding the agreement to submit Ontario corporate annual information returns through the CRA’s tax filing system.
