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Farm succession: sharing the land in partnership
A growing number of farm clients come to my office to discuss succession planning. In many cases, there is a single farming child that has stayed behind to help run the operation, and this child will be the successor. Often, there are other children in the family who have left the farm and have blazed their own paths in life.
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Capitalizing on the AgriStability deadline extension
Traditionally, farmers had to sign up in order to participate in the AgriStability program by April 30 (just prior to seeding). The program is designed in such a way that you have to sign up and pay your fees before your production season begins to be declared eligible for the upcoming year. However, the government recently announced a one-time extension of the deadline from April 30 to July 2, 2019.
The Latest at Baker Tilly Ottawa
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A Day of Giving in memory of Kelly Patchell
Ottawa, ON – Baker Tilly Ottawa will host a day of giving in memory of Kelly Patchell on Thursday, June 6. A valued member of the firm who was greatly loved by her work family, Kelly was known for generously supporting causes in the community. Whenever an opportunity arose to contribute, she enthusiastically shared her time and talent.
The talent acquisition time bomb
At Baker Tilly, we believe there are people solutions that can help your business thrive. Canadians are facing the daunting realities outlined below, but we know that knowledge is power. By taking proactive measures, we can provide valuable support to our clients in their pursuit of excellence. Here are some of the major issues we are facing, along with recommendations that will assist in your continued success.
Corporate Finance
Your go-to resource for investment banking, transaction structuring, M&A and capital advice — whether you’re a buyer, seller, lender, private equity investor or focused on growing or restructuring your business — our Corporate Finance professionals are masters of the art of the deal.
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Tax Forms and Tools
The CRA statement regarding oral interviews and the Cameco decision
The Canada Revenue Agency (CRA) released a statement on May 31, 2019 following the Federal Court of Appeal (FCA) decision in National Revenue v. Cameco Corporation (2019 FCA 67). At the heart of this case is the breadth of the CRA’s audit powers and its ability to compel employees to participate in oral interviews during a general audit. Both the Federal Court and the FCA sided with the taxpayer, preventing the CRA from conducting the requested employee oral interviews.
Donations and your estate
Now that the calendar has flipped to May, accountants in public practice have an opportunity to reflect on the past busy season.
Investment Funds
The investment funds industry has experienced significant growth in the last 20 years directly contributing to the wellbeing of the Canadian economy. As the leading advisors to the mid-market investment funds sector, we are the right partners to bring greater financial clarity and guidance.
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Social Networking
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Successful farm succession planning
For family farm operations to prosper into the future, it is important to have successful transfers from one generation to the next. Many tax and non-tax issues must be considered to implement a successful farm succession plan.
Baker Tilly SNT appoints Jessica Beaulieu-Levasseur to partner
Timmins, ON — Baker Tilly SNT is pleased to announce Jessica Beaulieu-Levasseur has been appointed to partner in the firm’s Timmins office, effective May 1.
New QST obligations for non-residents of Quebec
Until recently, businesses were not required to register for QST unless they were deemed to be carrying on business in Quebec. The carrying on business test considers whether you have a significant presence – such as an office, employees or inventory – in the province. Businesses with a presence in Quebec that make taxable supplies in the province would be required to register, but most vendors selling through e-commerce platforms such as Amazon and eBay may not meet the criteria of having a presence, as they may not have offices, employees or inventory there.
