Registered charities may only issue official donation receipts for gifts of cash or other property. Contributions of services, even if professional or business in nature, are not property and do not qualify for a donation receipt.
Baker Tilly continues to support local healthcare initiatives
As a business owner, you need information that’s timely and relevant to drive daily decisions. Baker Tilly Advantage addresses that need by leveraging best-in-class technologies to deliver customized accounting, finance and operational assistance.
Although the GST/HST has been with us since 1990, questions still seem to arise regarding what farming-related items are taxable or zero-rated. As a general rule, farmers typically do not charge GST/HST on their sales but do pay GST/HST on their regular purchases. However, there are several exceptions to this rule.
April 9, 2020 update: the federal government has announced changes to the Canada Emergency Wage Subsidy (CEWS). The details of these updates can be found here.
In a press conference today, Minister Morneau announced details of the new Canada Emergency Wage Subsidy (CEWS). The announcement by Minister Morneau, followed by details from Department of Finance, provides some important information about this new wage subsidy program.
The Canada Revenue Agency (CRA) has announced additional measures on March 26, 2020 in regard to the extension of tax reporting deadlines. These measures are in addition to the income tax filing and payment deadline extensions previously announced as part of the fiscal measures taken in response to COVID-19.
Yorkton, SK – Baker Tilly SK is pleased to announce Darcy Spilchen has been appointed to the position of CEO, as his predecessor Rick Kozachenko transitions into retirement. This changeover has been carefully implemented to maximize continuity and minimize disruption.
Toronto, ON – Baker Tilly WM is excited to welcome new partner Deepak Upadhyaya as leader of the firm’s Digital Technology & Risk Group. A respected people coach, leader and mentor, Upadhyaya brings to this role more than 25 years of progressive experience leading risk and consulting teams at various professional services firms. His specialized expertise in technology and risk management will serve him well in his new role.
In response to the economic impact of the COVID-19 pandemic, the Québec government has postponed the deadline for filing QST returns and making the attendant payments. This will apply to filings and payments due between March 27 and June 1, 2020, with June 30, 2020 serving as the new deadline. For reporting periods with filing deadlines that fall after June 1, 2020, the filing and payment deadlines stipulated in the tax legislation will still apply.
On March 18, 2020, the IRS issued Notice 2020-17 deferring federal income tax payments due on April 15, 2020 to July 15, 2020. This notice was superseded on March 20, 2020 by Notice 2020-18 which expanded the relief measures.
Yorkton, SK – Baker Tilly SK is pleased to announce the appointment of Marla Bilokreli and Greg Woloshyn to partner.
Updated as of April 1, 2020: The federal government’s relief measures have been evolving over the last couple of weeks as the government tries to get a grasp on the significant economic fall-out from the self-isolation and quarantine of many Canadian citizens.
On March 25, 2020, the Ontario government delivered the province’s economic and fiscal update. The update also indicates the province intends to deliver a multi-year Ontario budget no later than November 15, 2020.
On March 18, 2020, the federal government made an announcement to postpone the due date of certain 2019 tax filings as part of their COVID-19 economic response plan.
