November 9, 2023 by Leon Sacks
Partnership – dotting the i’s: identity, integration & incentives
Perhaps second only to brand and reputation, partners represent a law firm’s most valuable asset.
Recent Publications
Recent Publications
November 9, 2023 by Jordan Furlong
Leverage technology, not lawyers
The role of the law firm associate has never looked more tenuous than it does now. It’s threatened from one direction by law firms’ fixation on hiring lateral partners, and from the other by the implications of Generative AI’s rapid advance into law firm workflow.
November 9, 2023 by Keith Ecker
Three ways to use ChatGPT for law firm content marketing
This is the year of ChatGPT. The large language model‑based chatbot now boasts more than 100 million users, and that number likely will continue to increase. Already the technology has become a major disruptor in various areas of life, from education, where schools are debating how to draft policies dictating students’ use of the technology, to Hollywood, where writers continue to strike in part due to the looming threat that AI poses to their jobs.
October 26, 2023 by Thomas Blonde
Farm business structure: proprietor, partnership or corporation?
One of the most common questions we get from our farm clients is how their business should be structured.
October 4, 2023 by Ben Berci
Underused Housing Tax Notice (UHTN15) update
The Canada Revenue Agency (CRA) recently released an update to its Underused Housing Tax Notice (UHTN15) – Question and Answers about the Underused Housing Tax (UHT). The new questions and answers address issues related to partnerships, common estate planning, financing scenarios and more.
September 26, 2023 by Brianne Cabanayan
Extended deadlines and repayment options for CEBA loans
On Sept. 14, 2023, the federal government announced extended deadlines for Canada Emergency Business Account (CEBA) loan repayments. There are three options for loan recipients, depending on ability to repay.
September 25, 2023 by Bryan Whalen, Madeline Kiesekamp
The impact of inflation on instalment interest and penalties
As interest rates rise in Canada, taxpayers may face higher charges on their notice of assessments. Failing to make required instalment payments throughout the year could catch some people off‑guard, especially in light of higher interest rates. Here, we outline the calculations behind instalment interest and penalties, along with the costly consequences of not meeting payment requirements.
September 21, 2023 by Mark Bloch, Sameer Noormohamed, Ashley Baldwin
Moving on up – Proposed GST rental rebate increase
Recently, the federal government announced plans to propose an increased GST rebate for new residential rental buildings.
September 12, 2023 by Mandeep Gaheer
Bring it back – Repatriating profits from Canada to the U.S.
In our latest Tax Alert, we take a look at repatriation planning. Specifically, we examine the most effective tax strategies for a Canadian subsidiary (“CanCo”) to repatriate profits to its U.S. parent corporation (“USCo”).
August 4, 2023 by John F. Oakey
Intergenerational business transfers
Among its wide‑ranging tax measures and initiatives, Budget 2023 provides long‑awaited clarity on the issue of intergenerational transfers.
July 26, 2023 by Mike Hayward, Dean Morris
BT Canada offers recommendations on transfer pricing reform
At Baker Tilly Canada, we are committed to helping ensure fairness and integrity in the Canadian tax system.
As part of this commitment, we are grateful for the opportunity to provide our input on the Department of Finance consultation paper regarding reform and modernization of Canada’s transfer pricing rules.
June 19, 2023 by Ryan Minor
Handle with care – Understanding how employee ownership trusts work
Budget 2023 proposes to introduce “employee ownership trusts” (EOTs) to encourage employee ownership of a business and facilitate the transition of privately owned businesses to employees. The EOT structure was influenced by similar approaches in the United Kingdom and the United States. The proposed amendments have an effective date of Jan. 1, 2024.
June 13, 2023 by John F. Oakey, Brenda L. Scott
2023 Prince Edward Island provincial budget tax highlights
On May 25, the PEI government released its 2023 budget. The following are highlights of the key tax measures.
June 8, 2023 by Mike Hayward
Guidance to Finance on proposed intergenerational transfer rules
At Baker Tilly Canada, we believe in contributing our expertise to help ensure fairness and integrity in our Canadian tax system.
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.
May 15, 2023 by Melinda Fleming
Residential rental property developers and GST/HST obligations
Planning to build or substantially renovate a residential rental property? Whether it’s a small rental house or large apartment tower, property developers in Canada are subject to strict GST/HST obligations.
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 Jordan Furlong
Law has a magic wand now
Some people think large language models will transform the practice of law. I think it's bigger than that.
April 20, 2023 by Carlos Arcos
Don’t forget to use PR to leverage your litigation results
I recently received a request from a client to promote a recent litigation success for their firm by getting the victory placed in the news. But by the time I received the information, the victory was days, if not weeks, old.