Skip to main content
Baker Tilly Canada
Close
Insights
Reset
Alert Business advisory services Succession and estate planning Agribusiness
Rights or things: Farm inventory on a cash basis
When a farmer operating a proprietorship under the cash method passes away, executors must understand the tax treatment options for the farm inventory. This alert highlights often-overlooked tax planning strategies.
Kale Donald Dec 20, 2022
Green farm land with varying grass lengths creating an interesting organic pattern.
Succession and estate planning
Is it Time to Start my Succession Plan?
Is it time to create a succession plan? A recent survey by the Canadian Federation of Independent Business (“CFIB”) reported that 42% of small business owners now expect to retire later than planned because of COVID-19.  This has significant implications for Canada’s economy, aging entrepreneurs and their families.  
David Laycraft Dec 21, 2021
Publications-Is it Time to Start my Succession Plan?
Restructuring and recovery services Succession and estate planning
How to attract and retain talent in the new labour market
As society advances through the pandemic, 2021 could see the highest number of people (re)entering the workforce and changing jobs in recorded history.
Jun 22, 2021
538 AERIAL
Transaction services Private enterprise International Succession and estate planning
A hot housing market and a change in use equals tax with no cash. But there is a solution.
Most Canadians know that selling their home normally will not result in income tax thanks to the principal residence exemption (PRE). Unfortunately, people tend to extend this "knowledge" into a feeling that they need never worry about tax when dealing with their principal residence.
Eric Gagnon Jun 7, 2021
Dark stormy waters with a big whitecap.
Audit and accounting Private enterprise International Succession and estate planning
Who is more GILTI, Biden or Trump?
The Biden administration’s “Made in America Tax Plan” and what it could mean for U.S. citizens residing in Canada
Todd King Connor MacKenzie May 28, 2021
Turquoise waters washing up on a yellow sand beach with two people walking the coastline.
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
575 AERIAL
Tax advisory Succession and estate planning
Family trusts and distributions of capital gains
Capital gain splitting on the sale of business interests, owned by family trusts with several beneficiaries, continues to be a valuable tool for tax planning purposes, including the opportunity under certain circumstances to access the super capital gains exemption more than once in such a transaction.
Steven Frye Jan 19, 2021
Publications-All about estates
Succession and estate planning
What about a corporate executor?
I would like to revisit some of the points made in the context of appointing a corporate executor, some who is specifically skilled and trained for the role. Why would you want an estate to want a corporate executor?
Steven Frye Jul 20, 2020
Publications-All about estates
Business advisory services Succession and estate planning
Time to refreeze: Redux
The freezing of current share value so that your chosen successors can easily participate in the future growth of your enterprise is a common estate planning technique. 
Steven Frye Mar 24, 2020
Publications-All about estates
Tax advisory Succession and estate planning
Transferring wealth during your lifetime
I was reading recently that approximately $30-trillion in assets will be shifting from one generation to the next across North America in the next few decades, according to consulting firm Accenture. 
Steven Frye Nov 5, 2019
Publications-All about estates
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.
Solutions within reach
Wherever you need us.
Connect now