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Private enterprise
Managing your growing business: Install a financial management system
A growing business needs confidence to focus on the key drivers of your business. Financial management systems provide that confidence. 
Oct 22, 2019
Publications-Managing your growing business: Install a financial management system
Business advisory services Audit and accounting Private enterprise Tax advisory
Charitable donations made by your corporation
As most taxpayers know, there are significant tax savings with respect to qualifying charitable donations available for amounts paid to a qualified donee. Qualified donees are organizations that can issue donation receipts, and a list of these organizations is maintained by the Canada Revenue Agency
Oct 22, 2019
Dark stormy waters with a big whitecap.
Audit and accounting International Tax advisory
Smoothing the path to relinquishing your U.S. citizenship
On Sept. 6, the Internal Revenue Service (IRS) announced a new tax compliance program entitled “Relief Procedures for Certain Former (U.S.) Citizens” (Relief Procedures).
Mike Hayward Sep 11, 2019
Turquoise waters washing up on a yellow sand beach with two people walking the coastline.
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Five tips for navigating tax deferrals as a farm business
Special tax rules apply to farmers and fishermen, including the ability to report taxable income on a cash basis, rather than an accrual basis. Using the cash basis approach, there are three ways farmers can defer taxes by reducing their taxable income in the current year.
Sep 4, 2019
Farm Series ( use going forward)
Five key considerations for Canadians selling to Americans online
Due to the rise of online sales through the likes of Amazon and eBay, a number of Canadians are looking into selling goods online to consumers who live in the United States. Setting up an online business is a great way to supplement your primary income stream, but even if your business is a relatively small undertaking, there are several issues to consider. With that in mind, here are five key considerations for Canadians selling to Americans online.
Aug 20, 2019
142 AERIAL
Purifying your farm corporation
Purified farm corporations have access to some major tax advantages, including the lifetime capital gains exemption and the ability to transfer assets to the next generation at cost. In order to qualify for these opportunities, 90 per cent of your farm corporation’s assets need to be active farming assets. If non-farming assets exceed 10 per cent, you will no longer qualify unless you remove some of these assets. This article will take a closer look at the tax opportunities available to purified farming corporations and the steps you can take to ensure you have access to them.
Aug 7, 2019
Farm Series ( use going forward)
Business advisory services Audit and accounting Private enterprise Tax advisory
Penalties and the Tax-Free Savings Account
Are you the recipient of a Tax-Free Savings Account (TFSA) from a deceased spouse or common-law partner? You should be aware that there may be forms to complete and timelines to be aware of. The Canada Revenue Agency (CRA) has been assessing penalties on over-contributions and exempt contributions made by survivors of deceased TFSA holders.
Jul 31, 2019
Dark stormy waters with a big whitecap.
Valuations Tax advisory
Shareholders agreements, exit provisions and the impact of control
Control is an important concept for applying certain income tax rules and valuation issues (amongst others) when dealing with corporations...
Steven Frye Jul 23, 2019
Publications-All about estates
Business advisory services Tax advisory
The life of pipeline transactions: The beat goes on
The use of a pipeline is often justified as avoiding "double-tax" in the sense that there has been tax imposed as a capital gain on the death of a shareholder followed by further tax in the form of a dividend realized when the assets are distributed.
Steven Frye Jul 10, 2019
Publications-All about estates
Eight tips to retain employees
Retaining employees is the most important challenge facing companies today. For one, the birth rate is declining in North America. On average, Canadian families are having 1.2 children per couple versus 4.6 back in the ’60s.
Jul 9, 2019
16 PEOPLE
Business advisory services Dispute, mediation and conflict resolution Audit and accounting Private enterprise Tax advisory Succession and estate planning
Farm succession: sharing the land in partnership
A growing number of farm clients come to my office to discuss succession planning. In many cases, there is a single farming child that has stayed behind to help run the operation, and this child will be the successor. Often, there are other children in the family who have left the farm and have blazed their own paths in life.
Jun 26, 2019
Green farm land with varying grass lengths creating an interesting organic pattern.
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