About Baker Tilly WM LLP
A leading, independent audit, tax and advisory firm based in Vancouver and Toronto, Baker Tilly WM LLP is uniquely placed to address our clients’ needs successfully, resulting in exceptional service and business outcomes.
-
-
Students & Graduates
Where you start your career is one of the most important decisions you will ever make. At Baker Tilly WM, life is rewarding on so many different levels both professionally and personally. A place where you can grow and thrive in your career.
-
Latest news from Baker Tilly WM
Great conversations lead to great relationships that enable great futures. We invite you to stay connected and keep up-to-date with the latest news and headlines from Baker Tilly WM.
Stay up-to-date
The Latest at Baker Tilly Vancouver
-
Lifetime benefit trusts
A lifetime benefit trust (LBT) is a personal, testamentary trust for beneficiaries that are financially dependent due to mental infirmity.
The drawbacks of deferring taxes
Most businesses must pay taxes on all income, including accounts receivable and inventory in the year they are created. However, farm businesses are one of the few exceptions, as they are permitted to pay taxes on a cash basis. As a result, they have the unique ability to deduct prepaid expenses and push income into future years. Rather than pay tax on inventory, they can wait until this inventory has been sold. While most farmers prefer to take advantage of this deferral opportunity, this is not always the best option.
A hot housing market and a change in use equals tax with no cash. But there is a solution.
Most Canadians know that selling their home normally will not result in income tax thanks to the principal residence exemption (PRE). Unfortunately, people tend to extend this "knowledge" into a feeling that they need never worry about tax when dealing with their principal residence.
-
In the Spotlight
Get to know the people of Baker Tilly WM! Meet the individuals who lead our firm in our brief ‘In the Spotlight' series.
Farmers and cash-basis accounting: be wary of the word “deemed”
The Income Tax Act (ITA) permits farmers to elect to compute their income from a farming business for a taxation year on a cash basis.
Five in five with: Mike McIsaac
“We believe in continual education and improvement of our processes. This ensures we are prepared to deliver the best results for our clients every time.”
2021 Newfoundland and Labrador provincial budget tax highlights
On May 31, 2021, the NL government released its 2021 budget. The following are highlights of the key tax measures.
-
Family trusts and distributions of capital gains
Capital gain splitting on the sale of business interests, owned by family trusts with several beneficiaries, continues to be a valuable tool for tax planning purposes, including the opportunity under certain circumstances to access the super capital gains exemption more than once in such a transaction.
2021 Alberta provincial budget tax highlights
On February 25, 2021, the Alberta government released their 2021 budget. The following are highlights of the key tax measures.
Five in five with: Sandy Kirkwood-Pearce
“My talent is being a driving force and creator of excitement about growing, whether it’s our firm or a client’s business.”
Who is more GILTI, Biden or Trump?
The Biden administration’s “Made in America Tax Plan” and what it could mean for U.S. citizens residing in Canada
