Meet Baker Tilly REO
Baker Tilly REO is a leading accounting firm in Eastern Ontario, providing expert audit, tax and advisory services to valued clients in the region.
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Arctic expansion opens new horizons for Baker Tilly
Iqaluit, NU – Baker Tilly, one of the country’s largest associations of chartered professional accounting firms, is further broadening its national presence by expanding into Northern Canada.
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Budget 2024 summer draft updates and amendments
On Aug. 12, the Department of Finance released its summer package of draft legislation and technical amendments. This proposed legislation includes substantially all outstanding measures from Budget 2024 and other previously announced amendments.
The Latest at Baker Tilly Pembroke
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4 cyber concerns every business should consider
Cyber criminals are constantly developing new techniques to compromise the security of unsuspecting businesses. The threat spectrum is always changing due to emerging technology and the expansion of cloud services, automation, artificial intelligence and machine learning. Against the backdrop of this evolving threat landscape, the risk paradigm for our public and private sector clients has evolved. What follows is an overview of the four most common cybersecurity threats and concerns we currently warn clients about.
Episode 15 – Navigating HST and Real Estate with Cathie Brogan
Curious about how HST could impact your next property deal? Join this episode of From the Source with Frankie and Sarah as they dive deep into the complexities of HST in real estate with fellow tax specialist, Cathie Brogan.
Baker Tilly Canada Capital facilitates insurance firm partnership
Windsor, ON – Baker Tilly Canada Capital Corporation is pleased to announce a strategic partnership between All-Risks Insurance Brokers Limited (All-Risks) and StoneRidge Insurance Brokers (SIB). Baker Tilly Canada Capital served as exclusive financial advisor to All-Risks and its shareholders.
The risks and rewards of artificial intelligence
It’s rare to get through a day in 2024 without considering the state of artificial intelligence (AI) and where it is likely to go next. Just a few short years ago, it played a limited role in our daily lives, and it now seems to be everywhere.
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The difference between expenses and capital expenditures
The tax implications of expenses and capital assets are quite different, so it’s important farm businesses understand these implications before making a significant investment in new assets or renovations. Unfortunately, the difference is not always clear. When a farm business spends money on a project that is deemed a repair, this can be deducted in the current tax year as an expense. However, if money is spent on a capital improvement, that gets added to the cost of the asset, which is then depreciated over time. In other words, rather than get the full benefit of the deduction in the year the investment is made, businesses see this benefit gradually, over a number of years, depending on the class of the asset and the depreciation rate. That is the fundamental difference between expenses and capital expenditures.
Baker Tilly Toronto announces partnership with SickKids Foundation
Toronto, ON – Baker Tilly Toronto proudly announces a five-year partnership with SickKids Foundation that will contribute funding and employee engagement opportunities in support of The Hospital for Sick Children (SickKids), Canada’s most research-intensive medical facility and the country’s largest centre dedicated to improving children's health.
Budget 2024 update: Capital gains inclusion rate legislation
Taxpayers and advisors have been anxiously awaiting an update since April 16, when the Federal Budget dropped arguably the most significant (and controversial) change to tax policy in over 20 years.
Data, AI and other tech revolutionizing the farm industry
Today’s farming businesses are facing unique challenges, but there are exciting new tools at their disposal that offer new possibilities. These tools are getting more sophisticated every day. By simply tracking recent trends in the agriculture industry, we can start to get a sense of where the sector is likely to go next. One fact seems undeniable: data and artificial intelligence (AI) are here to stay. Both are essential tools that can transform any farm’s sense of what is possible. In this article, we’ll take a closer look at how high‑tech tools are revolutionizing the farm industry.
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Digital Services Tax Act update
In August 2023, the Department of Finance released its draft of the Digital Services Tax Act (DSTA) with the intent to introduce legislation aiming to tax certain large domestic (and foreign) businesses on their Canadian digital services revenue.
Baker Tilly WM announces partnership with BC Children’s Hospital Foundation
Vancouver, BC – Baker Tilly WM proudly announces a five-year partnership with BC Children’s Hospital Foundation (BCCHF) that will contribute funding and provide dedicated volunteer hours each year to the hospital, the only one in British Columbia and the Yukon devoted exclusively to the care of children and youth.
Baker Tilly Capital facilitates Jacob Bros sale to Bird Construction
Vancouver, B.C. – Baker Tilly Canada Capital is pleased to announce the sale of Jacob Bros Construction (Jacob Bros) to Bird Construction Inc. (TSX: BDT) (Bird). Baker Tilly Capital was the exclusive financial advisor to Jacob Bros and its shareholders.
Concerned about the capital gains inclusion rate?
Many farmers have expressed concerns about the increase in the capital gains inclusion rate. While they are right to be worried about the changes proposed in the 2024 federal budget, no draft legislation has been released yet.
