Baker Tilly Canada | Insights

Insights

Incorporating a proprietorship business

When an individual operates a business without having a corporation it’s referred to as a proprietorship business. But when is the right time to incorporate?

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International Tax advisory

Medical professionals and the interplay of the tuition credit and the foreign tax credit

It is not uncommon for recently graduated medical professionals to take up employment in the United States immediately upon completion of their education and practical experience requirements.

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To deduct or not to deduct; that is the question

Owning property for the purpose of earning rental income creates benefits and challenges. Property owners incur a variety of expenditures in order to earn rental income and maintain property value. Since not all expenditures are treated equally for tax purposes, it is important to be aware of the tax implications when incurring such expenditures in a rental property business.

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Methods of drawing funds from a corporation

Shareholders and family members of incorporated farming operations have a number of options for receiving compensation from their corporation. These options can range from compensation for services rendered, to a return of equity invested in the corporation or merely income derived from owning shares.

Green farm land with varying grass lengths creating an interesting organic pattern.

Tailor-made connections: matching financing needs to providers

For many entrepreneurs, the need to find financing can be like trying to sprint while dragging a weight along the ground. The time and effort spent researching financial sources, preparing pitches, and telling their story holds them back from focusing on the business and making their vision a reality.

408 PEOPLE

Protecting seniors from fraud

As the baby boom generation ages, the balance of young and old is shifting, resulting in a disproportionate number of seniors.

84 PEOPLE

5 lessons to make inclusive leadership work

To me, inclusive leadership, means consensus building – so that every member of your team feels like they’re part of the process. But it’s never as simple as it looks. For instance, it can be easier to achieve consensus with just a few partners, but the bigger you get, the more difficult and time-consuming the process gets. With that in mind, here are some key lessons to remember when implementing inclusive strategies.

Leadership Series

Qualified farm property

In a hot real estate market, farmland owners may start thinking about turning their dirt into cash.

Green farm land with varying grass lengths creating an interesting organic pattern.

The advantages of leasing farm equipment

Historically, farmers running successful businesses have preferred buying equipment to leasing, as it allows them to own assets with value that they can sell in the future.

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Make consensus work for you – and your team

Whether looking for full or majority consensus, leaders know in theory that working closely with their team before making big decisions is more positive for both outcomes and work culture.

Leadership Series

7 questions to ask your valuation expert

Whether you're growing, transitioning, or exploring opportunities, these questions ensure your business valuation captures what matters most.

Chris Russell Dec 13, 2016

336 PEOPLE

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