Baker Tilly Canada | Insights

Insights

Business advisory services Private enterprise

Frugal innovation in lawyer formation

More than a decade ago, in a post that captured the imagination of hardly anyone, I wrote about the need for “frugal innovation” in the legal services sector. Chief among the problems with the legal market, I said, is lawyers’ insistence on offering ever-more-elaborate services to ever-fewer people at ever-higher prices, ignoring the growing population with straightforward legal needs but little time or money to address them.

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Business advisory services Private enterprise

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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Support for individuals

Stay tuned for the latest updates on tax and financial measures impacting Canadians in the wake of COVID-19, as well as insights on how individuals and organizations can navigate this crisis.

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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

Audit and accounting Indirect tax Tax advisory

Unreported cryptocurrency: Is voluntary disclosure the right option?

As most cryptocurrency holders are now aware, Coinsquare Ltd. and the Minister of National Revenue have come to an agreement regarding the disclosure of Coinsquare customer account information to the Canada Revenue Agency (CRA).

Riccardo Zerbino Apr 6, 2021

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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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Lifetime benefit trusts

A lifetime benefit trust (LBT) is a personal, testamentary trust for beneficiaries that are financially dependent due to mental infirmity.

Steven Frye Mar 25, 2021

Publications-All about estates

Some Ins and Outs of RRSPs & RRIFs transfers on death

Generally, the RRSP or RRIF of a deceased can be transferred by specific bequest under the terms of the deceased's will to a qualifying survivor tax-free.

Steven Frye Mar 24, 2021

Publications-All about estates

Audit and accounting Private enterprise Indirect tax Tax advisory

Pay now… or maybe not?

Where a person receives an assessment for income tax purposes and files an objection, the Income Tax Act prevents the CRA from taking collection measures in most cases until the objection is settled. However, the CRA is not subject to the same restraint where a person is assessed for GST/HST purposes.

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Audit and accounting Tax advisory

Trust reporting – lawyers beware

On July 27, 2018, the Department of Finance proposed changes to the Income Tax Act to require trusts to file T3 Trust Income Tax and Information Returns to provide prescribed information, applying to non-excepted trusts having taxation years ending after December 30, 2021.

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