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Tax advisory
TSFA's and survivor payments: Impact of fair market value
In this space, sometime ago, a fellow blogger wrote about how survivor payments made out of a deceased's tax free savings account (TFSA) to the deceased's spouse TFSA would qualify as an "exempt contribution"... 
Steven Frye Jun 24, 2020
Publications-All about estates
Business advisory services Audit and accounting Private enterprise Tax advisory
COVID-19 business guidance: EHT and WSIB
The economic impact of the COVID-19 pandemic to both individuals and businesses has been devastating. With job losses and unemployment levels at an all-time high, no one could have predicted the level of pain and sacrifice we have all had to endure.
Mark Bloch Jun 18, 2020
Dark stormy waters with a big whitecap.
The future of work
BT International explores the rapid shift to remote work triggered by the COVID-19 pandemic. As many businesses prepare to return to the office, BT Canada’s Kari Viglasky and other experts argue the lessons learned should not be lost.<br /> <br /> <a href="http://conversations.bakertilly.global/consulting/lessons-of-covid-19-and-the-future-of-work/">Read more</a>
Jun 17, 2020
Publications-Great Conversations
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On a paper napkin, did you say?
The Queen’s Bench for Saskatchewan was recently asked (in the case of Gust vs. Langan et al., 2020 SKQB 42) whether a will handwritten on a paper napkin created by the deceased sometime before his death met the requirements of being a valid will...
Steven Frye Jun 10, 2020
Publications-All about estates
How rental farm property qualifies for the capital gains exemption
If you inherit a piece of farm property and continue the farming activity on that land, you should qualify for the capital gains exemption when you go to sell. However, even if you choose to rent out that property – rather than farm it yourself – you could still qualify if the land you inherit is from a spouse, common-law partner, child or parent (for the purposes of this article, any member of these groups will be referred to as a “family member”).
Jun 10, 2020
Farm Series ( use going forward)
Business advisory services Tax advisory
Low-Interest environment: Time to take advantage again
In past blogs, we discussed income splitting arrangements available to individuals who wish to loan funds to his/her lower income spouse or adult child, or in the case of minor children, a discretionary family trust.
Steven Frye Jun 1, 2020
Publications-All about estates
Business advisory services Audit and accounting Tax advisory
Canada Emergency Wage Subsidy – Part IV
The wage subsidy is the most lucrative program offered by the federal government with wide appeal ranging from small to large businesses. The proposed wage subsidy program was originally introduced on April 1, 2020. It received a few modifications a week later with even further amendments as it passed through the House as Bill C-14 on April 11, 2020.
May 19, 2020
A close-up of a blue gemstone.
Business advisory services Audit and accounting Private enterprise Tax advisory
Is it time to consider a “refreeze” transaction?
In times of crisis, people can be opportunistic, and this economic turmoil can allow for certain tax planning opportunities. The current economic downturn caused by the COVID-19 pandemic has negatively affected the valuation of many Canadian businesses. Accordingly, it is wise to revisit any estate freeze transactions that may have been implemented at a time in a prior year when the economy was booming.
May 14, 2020
Dark stormy waters with a big whitecap.
The pros and cons of being classified as a hobby farmer
A full-time farmer gets into the business of farming with the reasonable expectation of profit. When they compile their tax returns, they report all their farm revenue and have the ability to deduct relevant expenses against any revenue on their tax return.
May 13, 2020
Farm Series ( use going forward)
Update regarding COVID-19 situation
May 8, 2020
23 PEOPLE
Navigating the crisis
From advice on operational resilience to key insights on demonstrating leadership, our latest Lawyers Alert takes a look at the varying actions lawyers and law firms must take during this unprecedented time.
May 6, 2020
Birdseye view of a dense, green forest.
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