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.
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Personal Real Estate Corporation (PREC)
Ontario realtors will now be permitted to incorporate their own Personal Real Estate Corporation (PREC) effective October 1, 2020. Find out if incorporation is right for your business.
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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.
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The Latest at Baker Tilly Toronto
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Arctic expansion opens new horizons for Baker Tilly
Iqaluit, NU – Baker Tilly, one of the country’s largest associations of chartered professional accounting firms, is further broadening its national presence by expanding into Northern Canada.
The difference between expenses and capital expenditures
The tax implications of expenses and capital assets are quite different, so it’s important farm businesses understand these implications before making a significant investment in new assets or renovations. Unfortunately, the difference is not always clear. When a farm business spends money on a project that is deemed a repair, this can be deducted in the current tax year as an expense. However, if money is spent on a capital improvement, that gets added to the cost of the asset, which is then depreciated over time. In other words, rather than get the full benefit of the deduction in the year the investment is made, businesses see this benefit gradually, over a number of years, depending on the class of the asset and the depreciation rate. That is the fundamental difference between expenses and capital expenditures.
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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.
Baker Tilly strengthens presence in Saskatchewan
Yorkton, SK – Building on its strong provincial roots in Saskatoon and Yorkton, Baker Tilly is further expanding in Saskatchewan with a new office in Emerald Park.
Budget 2024 summer draft updates and amendments
On Aug. 12, the Department of Finance released its summer package of draft legislation and technical amendments. This proposed legislation includes substantially all outstanding measures from Budget 2024 and other previously announced amendments.
Digital Services Tax Act update
In August 2023, the Department of Finance released its draft of the Digital Services Tax Act (DSTA) with the intent to introduce legislation aiming to tax certain large domestic (and foreign) businesses on their Canadian digital services revenue.
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A place to succeed
Where you embark on your career is one of the most important decisions you will ever make. At Baker Tilly WM, life is rewarding on many different levels both professionally and personally. It is the place to grow and thrive in your career.
Why more farmers are seeing smaller corporate tax bills
Many farmers across Canada can expect to benefit from a change in the small business deduction (SBD) rules. In fact, you may have already noticed your corporate tax bill has gone down this year. This is because the change came into effect starting with corporate year‑ends ending
April 30, 2023. 
4 cyber concerns every business should consider
Cyber criminals are constantly developing new techniques to compromise the security of unsuspecting businesses. The threat spectrum is always changing due to emerging technology and the expansion of cloud services, automation, artificial intelligence and machine learning. Against the backdrop of this evolving threat landscape, the risk paradigm for our public and private sector clients has evolved. What follows is an overview of the four most common cybersecurity threats and concerns we currently warn clients about.
Episode 15 – Navigating HST and Real Estate with Cathie Brogan
Curious about how HST could impact your next property deal? Join this episode of From the Source with Frankie and Sarah as they dive deep into the complexities of HST in real estate with fellow tax specialist, Cathie Brogan.
