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    Welcome to Baker Tilly

    With member firms from coast to coast, we are one of the country’s largest associations of chartered professional accounting firms. As an all-Canadian network, we have a longstanding reputation for value-added audit, tax and advisory solutions.

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    2024 Canadian and provincial budgets

    The new federal budget has been tabled, and Baker Tilly experts are ready to share their insight. Don’t miss key tax updates and insight into policies impacting Canadians in our 2024 federal budget commentary.

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    2024 Federal Budget Commentary

    The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today tabled her fourth budget ⁠–⁠ “Fairness for Every Generation.”

    The following is a brief overview of the key tax measures.

The Latest at Baker Tilly

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    Essential insight

    Baker Tilly International has a passion for sharing Great Conversations today, as they explore the issues that will shape our world tomorrow. Distilling these complex topics to digestible form, this series is always insightful – and essential.

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    Baker Tilly Capital’s M&A success stories

    Baker Tilly Capital professionals have completed hundreds of middle market transactions for public and private companies in various industries throughout the United States and internationally.

    Baker Tilly Capital, LLC is a subsidiary of Baker Tilly US, LLP and not affiliated with Baker Tilly Canada Cooperative.

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    The CRA acknowledges impact of bare trust filings on Canadians

    On March 28, 2024, the Canada Revenue Agency (CRA) announced it would no longer require bare trusts to file a T3 Income Tax and Information Return (T3 return) ⁠–⁠ including Schedule 15 (Beneficial Ownership Information of a Trust) ⁠–⁠ for the 2023 tax year unless the CRA makes a direct request for these filings. This announcement recognizes the new reporting requirements for bare trusts have had an unintended impact on Canadians.

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    Fair Market Value on CRA appraisals are inclusive of GST/HST for builder‑landlords

    A recently obtained Canada Revenue Agency (CRA) internal communiqué ⁠–⁠ dated May 17, 2023states “effective the date of this communiqué, CRA appraisers will report Fair Market Value (FMV) as inclusive of GST/HST.” This is good news for builders, reducing appeals and objections resulting from disputes with the CRA on FMV as it relates to self‑supply of residential complexes.

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    2024 tax rates

    If you want an overview of Canadian tax rates for 2024, you’ve come to the right place. Select from the resources below for personal and corporate tax rates for each province and territory.

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    Navigating the tax audit process

    When most people learn they’re being audited, their immediate reaction is to feel scared and unsettled. As someone who worked as an auditor at the Canada Revenue Agency (CRA) for six years, I have a good sense of what clients are facing in the audit process, why they end up there and how they can steer this process in the best possible direction.