April 4, 2024

2024 tax rates

If you want an overview of Canadian tax rates for 2024, you’ve come to the right place. Select from the resources below for personal and corporate tax rates for each province and territory.

March 28, 2024 by Sean Grant-Young

2024 Newfoundland and Labrador provincial budget tax highlights

On March 21, the Newfoundland and Labrador government released its 2024 budget. The following are highlights of the key tax measures.

December 1, 2023 by Bud Arnold

Tax issues at home: Farmhouses

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

2023 Fall Economic Statement: Tax measures

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.

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.

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.

March 23, 2023 by John F. Oakey, Brenda L. Scott

2023 Newfoundland and Labrador budget tax highlights

On March 23, the Newfoundland and Labrador government released its 2023 budget. The following are highlights of the key tax measures.

March 23, 2023 by John F. Oakey, Brenda L. Scott

2023 Saskatchewan budget tax highlights

On March 22, the Saskatchewan government released its 2023 budget. The following are highlights of the key tax measures.

March 8, 2023 by John F. Oakey, Brenda L. Scott

2023 Manitoba budget tax highlights

On March 7, the Manitoba government released its 2023 budget. The following are highlights of the key tax measures.

March 1, 2023 by John F. Oakey, Brenda L. Scott

2023 Alberta budget tax highlights

On Feb. 28, 2023, the Alberta government released its 2023 budget. The following are highlights of the key tax measures.

March 1, 2023 by John F. Oakey, Brenda L. Scott

2023 British Columbia budget tax highlights

On Feb. 28, the B.C. government released its 2023 budget. The following are highlights of the key tax measures.

January 20, 2023 by Bud Arnold

Intergenerational farm rollovers

Family business succession planning involves many components, including family dynamics, leadership training, financial planning, management transition, legal agreements and ⁠–⁠ you guessed it ⁠–⁠ taxes.

January 19, 2023

2023 tax fact sheets

Want to better understand Canadian tax rates for 2023? Then you’re in the right place. We’ve put together the following fact sheets to provide a convenient comparison of relevant tax rates for every Canadian province and territory.

December 20, 2022 by Kale Donald

Rights or things: Farm inventory on a cash basis

When a farmer who operates a farm through a proprietorship ⁠–⁠ that reports income for tax purposes under the cash method ⁠–⁠ passes away, there are a number of options available for how the farm inventory left behind will be treated for tax purposes. It is very important that executors of the estate understand the options available to them. This alert addresses tax planning options that are often overlooked when dealing with the estate of a farmer.

January 19, 2022 by Kyle Martin

AgriStability changes: is it time to participate (again)?

With so many federal and provincial government support programs available in response to the pandemic, there’s a danger some farm businesses will overlook AgriStability. In March 2021, the Canadian federal and provincial governments announced changes to this program, improving income support for farm producers – and these opportunities should not be overlooked.

December 16, 2021 by M. Ruphina Kaulback

Immediate expensing: buyer beware

As part of the federal government’s economic recovery plan, Budget 2021 proposes new measures that provide Canadian-controlled private corporations (CCPCs) the ability to immediately expense certain capital purchases acquired on or after April 19, 2021.

December 15, 2021 by John F. Oakey

2021 Economic and Fiscal Update

On Dec. 14, 2021, the Economic and Fiscal Update was provided by Deputy Prime Minister and Minister of Finance, The Honourable Chrystia Freeland, P.C., M.P.

December 10, 2021 by Candice McKay

Managing banking relationships in agricultural organizations

For many agricultural organizations, their chosen financial institution is a significant partner in the success of the operation. With increasing consolidation of farm corporations, credit facility agreements are becoming larger and more complex. Reporting frequency has increased, covenants have been added, and many institutions are seeking forward-looking projections. 

November 23, 2021 by Thomas Blonde

When should farmland be owned by a holding company?

Most farmers understand that there are many tax advantages to owning farmland. However, more complicated structures are sometimes needed for those advantages to be realized. One such structure involves owning farmland in a holding company.

November 23, 2021

Sourcing and closing better deals with PitchBook

In its role as a financial advisor, Baker Tilly Canada Capital Corporation (BTCC) helps small- to mid-size companies execute sell-side, buy-side and valuation engagements.