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Insights

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How to conduct a complete branding audit for your law firm

Every law firm wants to stand out from the crowd. To do that, you have to understand how potential clients perceive your brand. What differentiates your firm from the competition?

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Corporate finance Transaction services Succession and estate planning

M&A market awaiting baby boomer deal boom

Our vice president of M&A, Kevin Shaw, shared insights on trends related to the baby boomer generation’s transfer of wealth with Business in Vancouver.

Kevin Shaw May 3, 2021

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Business advisory services Audit and accounting Tax advisory

COVID-19 Emergency Business Supports – Extensions and a new program

With the release of Budget 2021 amid the global COVID-19 pandemic, it was expected that the federal government would expand some of the federal relief programs, as well as introduce new ones. The 2021 budget accomplished both the extension of existing business support programs and the introduction of a new benefit.

Budget Watch 2021-New and Extended Relief Measures

Business advisory services Private enterprise

Burning out? Help is on the way!

The COVID-19 pandemic has had negative impacts on our working world and economy. Jim Clifton, chair and CEO of Gallop stated, “Only 15 per cent of the world’s full-time workers are engaged at work and that’s what the whole world wants is a good job, and we are failing to deliver it.” In other words, a full 85 per cent of workers on this planet are not engaged at work. Imagine the economic, social, physical and mental health ramifications of that fact.

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Business advisory services Audit and accounting Private enterprise Tax advisory

Farmers and the alternative minimum tax

In recent years, farmland prices have increased significantly across many parts of Canada. At the same time, the average age of the Canadian farmer has risen as well, leading to many farms being transferred to next generations or sold to third parties.

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Business advisory services Audit and accounting Private enterprise Tax advisory

The revised T1134 form

The revised T1134 Information Return Relating to Controlled and Non-Controlled Foreign Affiliates was officially released in February 2021. It includes additional questions and more detailed disclosure with a goal of clarifying and enhancing compliance requirements.

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Business advisory services Audit and accounting Private enterprise Tax advisory

Farmers and cash-basis accounting: be wary of the word “deemed”

The Income Tax Act (ITA) permits farmers to elect to compute their income from a farming business for a taxation year on a cash basis.

Green farm land with varying grass lengths creating an interesting organic pattern.

Business advisory services Audit and accounting Private enterprise Tax advisory

To compile or not to compile?

Many of you are quite happy with the compilation standards in place today. The existing standard on compilation engagements was issued in 1987. While it might have been a revolutionary standard in its day, time has come to make this area of practice more relevant to the needs of users in the current day and age.

Publications-To compile or not to compile?

Business advisory services Audit and accounting Private enterprise

Considerations when donating goods and services from a business to charity

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.

Tax alert (Use going forward)

Business advisory services Audit and accounting Private enterprise Tax advisory

GST/HST matters for farmers

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.

Green farm land with varying grass lengths creating an interesting organic pattern.

Business advisory services Audit and accounting Private enterprise Tax advisory

Seller beware: tax issues for Canadian residents selling U.S. real estate

For a few years following the 2008 financial crisis, we saw many investors and snowbirds purchasing U.S. properties to take advantage of real estate bargains and a weak U.S. dollar.

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