Professionalism and personalized service are hallmarks of our Peterborough and Lindsay offices. We provide audit, accounting, tax, estate, succession and financial planning, business valuation, litigation support, forensic accounting, business advisory, HR and IT advice to a diverse group of clients in the agriculture, construction, wholesale and retail, professional services and not-for-profit sectors.
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.
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.
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.
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.
Every year, Canadians report copious amounts of information to the Canada Revenue Agency (CRA) by way of tax returns, election forms, information returns and other reporting forms. Along with the seemingly endless number of prescribed returns and forms come the numerous volumes of guides, interpretations and bulletins to assist in the reporting process.
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.
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.
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.
Waterloo, ON – Baker Tilly Canada is pleased to announce a new round of investment in technology that will further enhance key projects, day-to-day operations and client interactions across the country’s largest group of independent chartered accounting firms.
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.
Now that the calendar has flipped to May, accountants in public practice have an opportunity to reflect on the past busy season.
To thrive in the legal profession, you need to maximize the value of your time and efforts. The latest Lawyers Alert aims to help you do precisely that – offering fresh perspectives on four important topics: cybersecurity, non-billable hours, social selling and collaborating with clients.
The common belief that the sale of a used residential house is always exempt from the Goods and Services Tax / Harmonized Sales Tax (GST/HST) is not absolutely correct.
