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International Tax advisory
Voluntary disclosure of foreign assets
The Internal Revenue Service (IRS) has announced it will begin to wind down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close it entirely on Sept. 28, 2018. 
Shawn Strandberg Aug 24, 2018
17 AERIAL
6 key considerations when purchasing a dental practice
In recent years, there has been a surge in the buying and selling of dental practices. The inherent goodwill of a practice, the move towards regional and national consolidation and the availability of 100 per cent financing make the decision to buy that much more attractive.
Aug 15, 2018
05 HL
Transaction services
Avoiding and Getting Off of The TOSI Highway
On July 18, 2017 the Federal Finance Minister announced proposals to change the tax rules related to income splitting using private corporations. The original proposals were subsequently withdrawn in October, re-released in December and after further changes the proposed legislation was included in Bill C-74 in March 2018. Bill C-74 received Royal Assent on June 21, 2018 and the new tax on split income (TOSI) rules are now in effect as of the beginning of 2018.
Jul 30, 2018
95 AERIAL
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Every strong business starts with a strong transition
For anyone making the transition to self-employment, deciding whether to incorporate is a major decision. From a tax perspective, you should generally start thinking about incorporating when you have substantial funds that will be reinvested in the business annually and not need to be drawn out for personal use.
Jul 18, 2018
15 PEOPLE
8 questions to ask when buying or selling farmland
If you make the decision to buy or sell farmland without first talking to an advisor, you are likely to find yourself in a predicament that can be difficult (and costly) to resolve. With that in mind, never sign off on a deal without first sharing the particulars of your situation with an expert. The advice you receive will help in the strategic structuring of your business, which can go a long way toward minimizing your future tax obligations and put you in a better financial position moving forward. But before you meet with an advisor, here is an overview of the key questions you should keep in mind when buying or selling farmland.
Jul 12, 2018
Farm Series ( use going forward)
Business advisory services Transaction services Valuations Audit and accounting Private enterprise Indirect tax Tax advisory
Business valuations 101 – Redundant assets: to be, or not to be?
There are numerous components that go into valuing the assets of an active business. In simplified terms, those components can be characterized as the value of normalized discretionary cash flow plus redundant assets. In this article, we will be discussing two of the more common redundant assets that business owners frequently do not realize exist within their organization.
Chris Russell Jul 11, 2018
On The Mark-Business valuations 101 – Redundant assets: to be, or not to be?
Business advisory services Audit and accounting Private enterprise Tax advisory
Managing adjusted aggregate investment income
As outlined in the March Tax Alert, the 2018 Budget includes a measure designed to slow the accumulation of passive investments within active corporations. This measure is based on a calculation that considers both the amount and the type of investment income earned in a corporation. Understanding this calculation will guide an investor in developing a tax-efficient investment strategy going forward.
Scott Dupuis Jun 28, 2018
131 PEOPLE
Private enterprise
Infographic: Put your best foot forward
On Jan. 1, 2018, the Alberta Fair and Family-friendly Workplaces Act (also known as Bill 17) was passed into law.
Jun 21, 2018
Publications-Infographic: Put your best foot forward
Farmers in a loss position: consider your options
If you’re a farmer using the cash method to report income and claim expenses, you have flexibility in determining your taxable income on a year-to-year basis. For example, if you hold off on selling crop inventory, you can reduce your income in that year because you only have to record income when it is cashed in. In most cases, it is beneficial for farmers to estimate their cash income before the end of their tax year, as this allows them to plan for their taxes. 
Jun 19, 2018
Farm Series ( use going forward)
Private enterprise Succession and estate planning
Important issues in family succession of farm operations
When planning for the succession of your farm operation to the next generation, several important issues can arise. Some of the key issues include how the goals and objectives of key stakeholders align with your goals, how you will be spending your time in retirement, ensuring you have adequate financial resources in retirement and how to divide assets among your children, some of whom may not wish to be involved in the farm operation. There are many issues, and they will vary depending on your particular circumstances.
Peter Hobb Jun 15, 2018
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Business advisory services Private enterprise
Approaching process improvement
Our lives and the world around us are in a constant state of change. Why then, do so many organizations struggle to make time for continuous process improvement? There are a lot of programs and tools out there – including Six Sigma, Lean, Kanban, 5 S’s, Kaizen and TQM – so it is easy to get overwhelmed. However, you do not need your staff to have months of training to enjoy the benefits of continuous improvement. While many organizations have reaped the benefits of in-house continuous improvement programs, a great deal can be gained from a quick and easy review process.
Jun 11, 2018
On The Mark-Approaching process improvement
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