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Business advisory services Audit and accounting Private enterprise
The CRA statement regarding oral interviews and the Cameco decision
The Canada Revenue Agency (CRA) released a statement on May 31, 2019 following the Federal Court of Appeal (FCA) decision in National Revenue v. Cameco Corporation (2019 FCA 67). At the heart of this case is the breadth of the CRA’s audit powers and its ability to compel employees to participate in oral interviews during a general audit. Both the Federal Court and the FCA sided with the taxpayer, preventing the CRA from conducting the requested employee oral interviews.
Jun 5, 2019
A close-up of a blue gemstone.
Tax advisory
Family trusts and allocations of proceeds from sale
Recently, I encountered a scenario where the trustees of a family trust were planning an allocation of proceeds from a share sale transaction to the beneficiaries of trust using the lifetime capital gains exemption...
Steven Frye Jun 4, 2019
Publications-All about estates
Advisory Audit and assurance Succession and estate planning Farming and agriculture
Successful farm succession planning
For family farm operations to prosper into the future, it is important to have successful transfers from one generation to the next. Many tax and non-tax issues must be considered to implement a successful farm succession plan.
Thomas Blonde May 31, 2019
Green farm land with varying grass lengths creating an interesting organic pattern.
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Private enterprise
The talent acquisition time bomb
At Baker Tilly, we believe there are people solutions that can help your business thrive. Canadians are facing the daunting realities outlined below, but we know that knowledge is power. By taking proactive measures, we can provide valuable support to our clients in their pursuit of excellence. Here are some of the major issues we are facing, along with recommendations that will assist in your continued success. 
May 28, 2019
People Solutions Alert
Audit and accounting Tax advisory
Donations and your estate
Now that the calendar has flipped to May, accountants in public practice have an opportunity to reflect on the past busy season.
May 27, 2019
Dark stormy waters with a big whitecap.
Tax advisory
Is a sale for $1 the same as a gift?
Generally, when property is transferred as a gift, the proceeds to the donor and the cost of the gift to the recipient of the gift are deemed equal to the fair market value, pursuant to the Income Tax Act ("ITA"). 
Steven Frye May 21, 2019
Publications-All about estates
Business advisory services Tax advisory
Individual pension plans revisited (again) - What about pension transfers?
There exists the possibility of using the pension payout to fund an IPP. Under the right circumstances, this may permit the full commuted value (the full payment) to be transferred to the IPP.
Steven Frye May 7, 2019
Publications-All about estates
New QST obligations for non-residents of Quebec
Until recently, businesses were not required to register for QST unless they were deemed to be carrying on business in Quebec. The carrying on business test considers whether you have a significant presence – such as an office, employees or inventory – in the province. Businesses with a presence in Quebec that make taxable supplies in the province would be required to register, but most vendors selling through e-commerce platforms such as Amazon and eBay may not meet the criteria of having a presence, as they may not have offices, employees or inventory there.
May 7, 2019
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Business advisory services Cybersecurity solutions
Make every minute count
To thrive in the legal profession, you need to maximize the value of your time and efforts. The latest Lawyers Alert aims to help you do precisely that – offering fresh perspectives on four important topics: cybersecurity, non-billable hours, social selling and collaborating with clients.
Apr 30, 2019
Birdseye view of a dense, green forest.
Business advisory services Audit and accounting Private enterprise Tax advisory
The T4A: Navigating the web of confusion
Every year, Canadians report copious amounts of information to the Canada Revenue Agency (CRA) by way of tax returns, election forms, information returns and other reporting forms. Along with the seemingly endless number of prescribed returns and forms come the numerous volumes of guides, interpretations and bulletins to assist in the reporting process.
Apr 24, 2019
28 PEOPLE
Valuations
Significant tax re-assessment due to an estate valuation gone wrong
I have been writing about valuations for estate plan agreements, highlighting that they should be based on fair and reasonable methods, prepared in good faith, properly supported and documented at the time of valuation.
Steven Frye Apr 23, 2019
Publications-All about estates
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