December 1, 2023 by Bud Arnold
The simplest part of tax compliance and planning for a farm should be the family home. However, tax issues related to farmhouses abound! Let’s unpack a few of the more common concerns.
November 22, 2023 by Rosa Maria Iuliano
Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the 2023 Fall Economic Statement (FES) in the House of Commons on Tuesday, Nov. 21, 2023.
November 9, 2023 by Mike White
Since law firms became professionally managed businesses, the profit-generating flywheel of firms has kicked into higher gear. While correlation does not equal causation, law firm financial performance is exceeding all 12‑15‑year‑old expectations of market watchers. With so much financial success in the rearview mirror, how do ambitious firms capture new...
November 9, 2023 by Leon Sacks
Perhaps second only to brand and reputation, partners represent a law firm’s most valuable asset.
November 9, 2023 by Jordan Furlong
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
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
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
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
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
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
Recently, the federal government announced plans to propose an increased GST rebate for new residential rental buildings.
September 12, 2023 by Mandeep Gaheer
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
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
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
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
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
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
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
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
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?”