Recent Publications

Recent Publications

May 25, 2023 by Dean Morris

Transfer pricing and small‑ to medium‑sized enterprises

Much like large global companies, small‑ to medium‑sized enterprise multinational enterprises (MNEs) may be subject to complex transfer pricing requirements. As governments increasingly seek to protect their tax base, our new Tax Alert focuses on the transfer pricing challenges and considerations facing small‑ to medium‑sized enterprise MNEs.

April 20, 2023 by Mike White

Remote work and law firm culture: more than just foosball tables and kegs !

The biggest chokepoint in law firms these days is the inability to align most lawyers ⁠–⁠ particularly younger lawyers ⁠–⁠ around behaviors that keep their firm most healthy. I am often asked, “This remote/hybrid work model is shielding our people from the collective ambition and shared expectations that are the mother’s milk of firm success. How do we motivate our lawyers to really extend themselves for our firm, and what should those contributions look like?”

April 20, 2023 by Heather Gray-Grant

Why should associates stay with their law firm?

While I help law firms deal with a myriad of issues, the top focus of my consulting advice in 2022 had to be associate churn. So, here is a two‑part post on this issue. First, I want to speak to associates who are considering leaving their firm. Next, I will speak to law firms about how to create conditions that will lessen associate temptations to leave.

April 20, 2023 by Carlos Arcos, Jordan Furlong, Heather Gray-Grant, Mike White

Managing challenges and maximizing opportunities

Now more than ever, law firms must continually reevaluate how they operate. With this in mind, our new Lawyers Alert examines a variety of relevant topics, including how to effectively incorporate your firm’s litigation successes as part of your overall marketing strategy, the impact of large language models (such as ChatGPT4) on the legal sector, ways in which firms can reduce associate churn and fostering a culture that motivates lawyers to truly perform at their best. We encourage you to review these feature articles, as they offer sharp insight and actionable advice to give your firm an edge.

March 28, 2023

2023 Federal Budget Commentary

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today tabled her third budget – “A Made in Canada Plan” – which plans to build a stronger, more sustainable, and a more secure Canadian economy – for everyone.

March 22, 2023 by John F. Oakey, Rock Lapalme, Brenda Scott

Federal and provincial budget highlights

Baker Tilly Canada is pleased to continue our tradition of providing valuable commentary and analysis of federal and provincial budgets. Click on any flag below to see corresponding 2023 budget highlights ⁠–⁠ from changes to personal and corporate tax measures to indirect tax updates and more. Speak to your Baker Tilly Canada advisor to understand how these policies could affect your business.

March 15, 2023 by Bal Katlai, Rock Lapalme

Federal Court of Appeal reaffirms application of anti‑avoidance rule in Foix decision

In Foix v. The King, 2023 FCA 38, the Federal Court of Appeal (FCA) ruled that a distribution of funds following a hybrid sale was subject to the application of subsection 84(2) of the Income Tax Act (ITA), affirming the Tax Court of Canada (TCC) ruling, Foix v. The Queen, 2021 TCC 52.

March 14, 2023 by John F. Oakey

FBAR penalty – A welcomed decision by the Supreme Court

On Feb. 28, 2023, the U.S. Supreme Court ruled in the case of Bittner v. United States1 that the non‑willful penalty for failure to file the Foreign Bank and Financial Accounts (FBAR) report was on a per report basis, not per account basis.