April 27, 2023 by Shannon McIntosh, Manager
Ahh, April. The signs of spring are all around us – warmer weather, birds chirping, trees budding and, above all (well, for accountants at least), tax season. It’s the most wonderful time of the year!
March 13, 2023 by John F. Oakey
The 2023 federal budget is just around the corner. What new tax measures can we expect to see from Finance Minister Chrystia Freeland? Without a crystal ball, we are left with educated guesses, informed speculation and, in some cases, open questions. Here, we take a look at what the budget may hold and break down some possible outcomes.
March 7, 2023 by Shannon McIntosh, Manager
With March 8 being International Women’s Day, this edition of The Bright Side holds special significance. As I grow and progress in my career, I am grateful for all the leaders and mentors I have met along the way. In particular, I’ve had the privilege to work with several exceptional women who’ve shown me the true meaning of leadership.
February 28, 2023 by Shannon McIntosh, Manager
Welcome to this month’s edition of The Bright Side. Recently, I had the pleasure of chatting with Natasha Sangra, one of our clients at Baker Tilly Catalyst. She took her business, The Beautox Bar, from bold idea to successful reality through plenty of hard work, planning and determination. Let’s dive into how she did it.
February 10, 2023 by Shannon McIntosh, Manager
Manager, Client Advisory at Baker Tilly Catalyst, Shannon McIntosh has overcome anxiety, insecurity and depression to emerge as a voice of empowerment, helping clients and colleagues exceed expectations and break new ground. In The Bright Side, she taps into her specialized experience working with non‑profit businesses and her passion for helping organizations that support the community to offer enlightening tax, financial and business guidance to help replace self‑doubt with self-belief.
“As a profession, accounting and how accountants work will benefit profoundly from the trend toward greater automation and artificial intelligence applications.”
December 9, 2022 by Chris Alexander
The Excise Tax Act (ETA) outlines specific rules regarding the reporting of GST/HST collected on sales of real property used in commercial activity. The ETA requires self‑assessment of GST/HST payable on a transaction by the purchaser, rather than collection and remittance by the vendor. Instead of immediately remitting the GST/HST to the vendor, the buyer is required to declare GST/HST collected and GST/HST paid (if the expense is eligible for an input tax credit) on their own return.
October 7, 2022 by Terri Holowath
“I find it ironic how our profession often has a reputation for attracting those who are averse to change, when in reality we deal with it every day and in so many ways.”
September 22, 2022 by Tammy Carlin
“The best advice I ever received did not come through words. It came by observing my longtime mentor in action. Following his lead, [SA1] I prioritize respect, trust, care and empathy in serving clients and mentoring staff.”
September 19, 2022 by Ryan Kitchen
The federal government introduced the Return of Fuel Charge Proceeds to Farmers Tax Credit in December 2021 to help farmers offset the high cost of the carbon tax.
August 24, 2022 by Candice McKay
Over the past 10 years, we have seen a great deal of consolidation among agribusinesses. As these businesses grow and accumulate debt, doing the bookkeeping and accounting at the kitchen table is no longer viable. By introducing cloud-based accounting, these businesses are better positioned to address complex reporting requirements.
July 21, 2022 by Bud Arnold
“Ultimately, focusing our efforts on what we do best enables us to help businesses and people grow.”
June 23, 2022 by Kevin Shaw
“I feel privileged to be able to share my knowledge and the collective expertise of our team to help our clients realize their aspirations and objectives. That’s what really gets me out of bed each morning.”
June 17, 2022 by Bud Arnold
If you’re thinking about farm succession planning, there are many areas to consider. One key consideration is determining how to include the next generation in the structure of a farm business while the parents are still involved. If you plan to include more than one generation at the same time, there are several ways you can include a child or successor as a partial owner.
May 26, 2022 by Jarred Cohen
“I enjoy learning about clients’ and colleagues’ paths and how they achieved their success – discussing business trends, challenges they’ve encountered and where they see themselves in the future.”
April 28, 2022 by Luther VanGilst
There are currently four Canadian provinces that do not have a provincial carbon tax: Alberta, Manitoba, Ontario and Saskatchewan. As a result, their carbon use is taxed on a federal level. In these provinces, farmers generally do not pay carbon tax on diesel and gas used for farm equipment or farm vehicles, but they do pay carbon tax on the propane and natural gas they use.
“I’m inspired by clients who see opportunities and are willing to pursue them, with a clear sense of what can be achieved.”
March 21, 2022 by John F. Oakey
It’s time to get out the Magic 8-ball, shake it feverishly, stare into the depths of the swirling black mist and ask the question:
“Will the capital gains inclusion rate increase in the 2022 federal budget?”
Before the Magic 8-ball provides us with its mystical answer, let’s review what information we do have to see if we can predict the outcome on our own.
February 24, 2022 by Luc Joye
Many farms are owned personally, often as a sole proprietorship or a partnership between two or more individuals. When a farm is transferred to the next generation or sold to a third party, the seller is taxed on the capital gain.
February 23, 2022 by Curtis van Son
“The benefit of the public practice world is that your career will take you wherever you are suited to be, which tends to be where your passions and interests lie.”