Baker Tilly Canada
Close
Insights
Service
Industry
City
Category
Reset
Audit and accounting Private enterprise Tax advisory
Infographic: Clamping down on small business deductions
Members of partnerships or shareholders (in certain corporate structures) – take note! The 2016 Federal Budget proposes to extend partnership income rules to certain partnership and corporate structures , which may: <ul> <li>limit your small business deduction on active business income (ABI) earned from the partnership or corporate structure, and</li> <li>increase your corporate tax liability </li> </ul>
May 17, 2016
Publications-Infographic: Clamping down on small business deductions
Audit and accounting Private enterprise Tax advisory
Elimination of small business tax deferral
On March 22, 2016, the Minister of Finance, Honourable Bill Morneau, tabled Budget 2016. Budget 2016 contains numerous business income tax measures. However, for taxpayers who are members of partnerships or shareholders in certain corporate structures, the proposals to small business taxation are of particular interest.
Tom Hunt Mar 28, 2016
A close-up of a blue gemstone.
Audit and accounting
Tools for Audit Committees – Assessing the External Auditor
In recent years, an increased emphasis has been placed on the quality, accuracy and transparency of the financial information an entity provides to equity holders, lenders, regulators, analysts and other users of this information. This has also put increased pressure on audit committees to ensure that this goal is met.
Mar 23, 2016
On The Mark-Original
Get our newsletter
Stay informed on what matters most to your success.
Transaction services Audit and accounting Tax advisory
Is $150M really enough for Bautista?
The recent news of Jose Bautista’s non-negotiable offer to the Toronto Blue Jays has gained a lot of attention, as the rumoured five year deal valued at $150,000,000 USD is not something that goes unnoticed. As financial professionals we can’t help but think, what does a deal that size really mean for Jose? 
Mar 7, 2016
Default image for insights
Audit and accounting International
Navigating the potential pitfalls of U.S. property ownership
With the decline in the real estate market in the United States following the 2008 financial crisis, many Canadian residents have taken advantage of investing in U.S. real estate for income generation and/or personal vacation homes. This was especially advantageous for Canadians between 2010 and 2013, when the Canadian dollar was close in value to the U.S. dollar. 
Laura Gibbs Feb 16, 2016
Turquoise waters washing up on a yellow sand beach with two people walking the coastline.
Corporate finance Audit and accounting International
New IRS regulations for corporate inversions
Companies have long used corporate inversions to reduce their U.S. taxes. Prior to 2004, the IRS was concerned that U.S. corporations that carried out inversion transactions could remove non-U.S. operations from the U.S. tax system and strip earnings by becoming subsidiaries of foreign companies (typically organized in low-tax jurisdictions). In 2004, the IRS implemented legislation, known as the “anti-inversion rules,” to prevent these perceived abuses. With more regulations having come into effect on November 19, 2015, there are new areas to be mindful of when planning for corporate restructuring.
Feb 16, 2016
Turquoise waters washing up on a yellow sand beach with two people walking the coastline.
Audit and accounting
IFRS 15: Revenue from Contracts with Customers
<strong>IFRS 15 </strong>was issued by the International Accounting Standards Board (the IASB) to provide a single global standard prescribing how a reporting entity would recognize revenue from a contract with a customer.
Jan 27, 2016
On The Mark-Original
Audit and accounting International Tax advisory
Infographic: IRS Tax Scams
Canadians filing U.S. tax returns for the first time may be targets for scammers due to their inexperience with the IRS. Here’s what you need to know to protect yourself.
Jan 15, 2016
Publications-Infographic: IRS Tax Scams
Audit and accounting
It’s a matter of trust – Part II
<p class="p1">This discussion is a continuation of our earlier <a href="/en/cbn/publications/its-a-matter-of-trust-part-i" target="_blank"><span class="s1">Tax Alert </span></a>and will focus on selected traps that taxpayers should be aware of when undertaking tax planning involving trusts. Although there are many different types of trusts, the focus of this discussion will be on discretionary family business trusts with Canadian resident trustee(s) and beneficiaries.
Dec 22, 2015
Dark stormy waters with a big whitecap.
Audit and accounting Tax advisory
Infographic: Automobile Use by Employees
If you find yourself behind the wheel of a car for work purposes, there’s a good chance your employer (a) provides the automobile or (b) pays you to use your own vehicle. Both options are viable, but they also present different income tax consequences — for employer and employee alike.
Nov 18, 2015
Publications-Infographic: Automobile Use by Employees
Private enterprise Tax advisory
Sales and Transfers of Farm Land: Be Careful with the Details
When a farmer decides it is time either to sell farm land or to transfer it to a child, the <em>Income Tax Act</em> can be a powerful ally. Sheltering a sale of farm land by using the capital gains exemption or the inter-generational rollover of farm land to a child can help the taxpayer move the land on a tax-deferred or tax-free basis. It is important, however, to be aware of all the rules associated with these strategies, as small details within the <em>Income Tax Act</em> can cause undesired consequences.
Oct 15, 2015
Green farm land with varying grass lengths creating an interesting organic pattern.
Solutions within reach
Wherever you need us.
Connect now