A leading, independent accounting firm in Vancouver for over 50 years, more recently, Wolrige Mahon expanded their reach to Toronto, joining forces with CW Group. Having now merged with Collins Barrow Vancouver, together the three firms form Baker Tilly WM LLP. We are building a new legacy of full-spectrum service both locally, nationally and even globally via our membership in Baker Tilly International.
Recently, I encountered a scenario where the trustees of a family trust were planning an allocation of proceeds from a share sale transaction to the beneficiaries of trust using the lifetime capital gains exemption...
Together our three firms have formed, Baker Tilly WM LLP, expanded to include 20 partners and now serving our valued clients from offices in both Vancouver and Toronto. We look forward to drawing on the legacy of professional excellence that each former firm brings to the table, as we establish and grow our new combined team of expert advisors.
Due to the rise of online sales through the likes of Amazon and eBay, a number of Canadians are looking into selling goods online to consumers who live in the United States. Setting up an online business is a great way to supplement your primary income stream, but even if your business is a relatively small undertaking, there are several issues to consider. With that in mind, here are five key considerations for Canadians selling to Americans online.
Are you the recipient of a Tax-Free Savings Account (TFSA) from a deceased spouse or common-law partner? You should be aware that there may be forms to complete and timelines to be aware of. The Canada Revenue Agency (CRA) has been assessing penalties on over-contributions and exempt contributions made by survivors of deceased TFSA holders.
The use of a pipeline is often justified as avoiding "double-tax" in the sense that there has been tax imposed as a capital gain on the death of a shareholder followed by further tax in the form of a dividend realized when the assets are distributed.
Our experts are at the heart of the exceptional service we provide. Our team has now grown extensively, allowing us to offer clients even greater audit, tax and specialty advisory support. From traditional accounting and assurance services to tax, corporate finance and business consulting, we’ve got you covered. Connect with us today.
As promised in the 2019 Federal Budget, draft legislation restricting the preferential treatment afforded to employee stock option plans was released on June 17, 2019. Currently, the preferential treatment, which is provided to all corporations, is a 50 per cent reduction in the taxable benefit to the stock option holder, provided specific criteria are met.
At Baker Tilly, we know our people are integral to our business excellence. Our people solutions strategies support this success by providing healthy workplace cultures for our employees and leaders who treat them as people, not simply human capital.
Toronto, ON – Baker Tilly partner David Kemp has once again been recognized as one of the world’s leading transfer pricing advisors by International Tax Review World Transfer Pricing.
Toronto, ON – Baker Tilly partner David Kemp has once again been recognized as one of the world’s leading transfer pricing advisors by International Tax Review World Transfer Pricing.
Purified farm corporations have access to some major tax advantages, including the lifetime capital gains exemption and the ability to transfer assets to the next generation at cost. In order to qualify for these opportunities, 90 per cent of your farm corporation’s assets need to be active farming assets. If non-farming assets exceed 10 per cent, you will no longer qualify unless you remove some of these assets. This article will take a closer look at the tax opportunities available to purified farming corporations and the steps you can take to ensure you have access to them.
Control is an important concept for applying certain income tax rules and valuation issues (amongst others) when dealing with corporations...
Retaining employees is the most important challenge facing companies today. For one, the birth rate is declining in North America. On average, Canadian families are having 1.2 children per couple versus 4.6 back in the ’60s.
