Celebrate Success Award
On October 3rd, 2018, our Yorkton office was recognized as the Education & Training award winner at the Yorkton Chamber of Commerce Celebrate Success Awards.
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5 ways to mitigate the impact of the new passive investment rules
Prior to 2019, investment income did not impact a company’s ability to claim the small business deduction.
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Baker Tilly Montreal announces new partner
Montreal, QC – Baker Tilly Montreal is pleased to announce Nathalie Nguyen has joined the partnership. Nguyen graduated from Concordia University with a Bachelor of Commerce in 1995 and subsequently received her CA designation in 199
The Latest at Baker Tilly Yorkton
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Planning for IRC 951A - No reprieve for the GILTI
This article will provide an overview of the GILTI (Global Intangible Low-Taxed Income) rules and their implications, as well as exploring planning options that should be considered by those subject to the rules.
Baker Tilly WM welcomes new partner
Vancouver, BC – The Vancouver office of Baker Tilly WM LLP is proud to have Graeme Cocke join its team as an audit and accounting partner. Cocke specializes in assisting clients in the real estate, hospitality and mining sectors.
Favourable tax treatment for land clearing and drainage
The tax treatment of clearing and tile drainage of agricultural land differs based on the ownership and use of the land. This article discusses the treatment under the most common scenarios. Compared to other businesses, farmers receive favourable tax treatment for these types of expenditures.
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Multiple Will Planning Still Valid
In our October 2018 Tax Flash, we discussed the decision of the Ontario Superior Court in the case of Re Milne ONSC4147.
Multi-firm merger creates new regional entity, Baker Tilly KDN
Kawarthas, ON – Baker Tilly offices in Peterborough, Lindsay and Courtice are pleased to announce they are joining forces, along with industry veteran Sharron Wharram-Spry in Cobourg, to create a single, regionally centric audit, tax and advisory firm – Baker Tilly KDN.
Proposals address tax recovery on excess payments
Department of Finance introduced draft legislation on January 15, 2019 in response to errors made by the Phoenix payroll System regarding overpayments to public service employees. Although this legislative response was to deal with the aftermath of the Phoenix System, the proposal applies to both the public and private sector.
Baker Tilly SGB announces new partner
Owen Sound, ON – Baker Tilly SGB LLP is pleased to announce Devin Morrison has joined the partnership.
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Income from farm partnership: computation and reporting by individuals
Farm partnership tends to be the preferred choice of operating arrangement for many farm operators that stop acting as sole proprietors. Many of these farm partnerships are operated by immediate family members. As we head into the individual income tax filing season, it is the ideal time to refresh some of the key principles on computation and reporting of farm partnership income by individuals.
Baker Tilly Ottawa announces new partner
Ottawa, ON – Baker Tilly Ottawa LLP is pleased to announce Benoit Groulx has joined the partnership, effective Jan. 1, 2019.
Family trusts: the aftermath
The last 24 months have seen a deluge of tax announcements from Ottawa with adverse impacts on private family businesses and corresponding family members. Announcements were implemented, modified and shelved, so taxpayers and advisors are still coping with the changes. Many taxpayers are understandably confused about which planning strategies remain available.
Time is running out to get caught up with the IRS
The IRS warned recently that the Streamlined Filing Compliance Procedures may end. The message is clear: don’t wait any longer.
