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Commentary
The Honourable Bill Morneau, Minister of Finance, today tabled his third budget – “Equality + Growth: A Strong Middle Class” – which supports the Government’s people centered approach.  The highly anticipated budget released draft legislation related to passive income – the topic that has been on the minds of business owners, investors, and advisors since the July 18, 2017 Finance release which first introduced the subject.  The budget does not propose changes to tax rates at the business or personal level. The budget focused on five key spending areas – growth, progress, reconciliation, advancement and equality.
Feb 27, 2018
Federal Budget 2018-Commentary
Corporate finance Audit and accounting Private enterprise International Tax advisory
Budget 2018 Infographic
From changes to passive investment income (that weren’t quite what was expected) to an absence of response to U.S. tax reform, here are some highlights from Budget 2018.  
Feb 27, 2018
Federal budget 2018-a passive income surprise
Business advisory services Audit and accounting Private enterprise Tax advisory
Expand your structuring options: consider a limited partnership
While partnerships have existed for as long as people have been in business, their use in Canada has been relegated largely to certain industries and tax situations. The rules governing partnerships legally and under the Income Tax Act (the Act) generally are not as well defined or understood as those for corporations. However, given the increasing complexity of the corporate tax regime – especially for private corporations – partnerships can be flexible, practical alternatives to structuring many businesses. This is particularly true of limited partnerships.
Feb 26, 2018
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Finance forecast: 6 areas to watch in Budget 2018
For comprehensive post-budget analysis delivered directly to your inbox, sign up <a href="https://www.collinsbarrow.com/en/cbn/federal-budget-2018#signup_form" target="_blank">here</a>. Minister of Finance Bill Morneau has announced the 2018 federal budget will be tabled Feb. 27, 2018. Last year’s budget was delivered with a projected deficit of $28.5 billion and focused on several key areas, including skills development, innovation and middle-class jobs, among others. While the government is usually tight-lipped on the precise content of the budget, this year’s pre-budget report prepared by the House of Commons Standing Committee on Finance provides some indication on the government’s considerations.
Feb 23, 2018
Federal Budget 2018-Pre-budget commentary
Take advantage of AMT opportunities, farmers!
Most people in the farm industry know they can sell qualifying farm property as a sole proprietor or partnership and use their lifetime capital gains exemption to avoid paying tax on the sale. However, many are unaware of the fact that there is a second calculation called the Alternative Minimum Tax (AMT).
Feb 12, 2018
Farm Series ( use going forward)
How to avoid conflict in a family business
Running a business involves many moving parts, which makes conflict unavoidable.
Jan 31, 2018
07 AR
Audit and accounting Tax advisory
The CRA takes the currency out of cryptocurrency
In recent years, digital currencies called “cryptocurrencies” have exploded in mainstream popularity. Cryptocurrencies, such as Bitcoin, Ethereum and Litecoin were once accepted by only a few online vendors, but now may be used as payment at some restaurants, retail stores and even real estate brokers.
Jan 18, 2018
02 BUIDINGS
Business advisory services Audit and accounting Private enterprise Tax advisory
Infographic: The new rules of the road
On Dec. 13, 2017, Finance Canada released Amendments to the Income Tax Act and Regulations and Explanatory Notes, simplifying measures to restrict income sprinkling. This infographic will focus on the changes to the July 18 proposals, exclusions, reasonableness test and a brief update on the status of the proposed measures related to passive investments. 
Jan 5, 2018
Publications-Infographic: The new rules of the road
The pros and cons of deferred grain income
When the federal budget was announced last March, many missed the announcement of a consultation program exploring whether or not the Canadian government should continue allowing farmers to defer grain income. Part of the government’s efforts to promote a fair tax system, this program gave everyone affected by this issue an opportunity to provide input. There are several credible arguments for and against deferred grain income, but these are the most widespread and persuasive positions.
Jan 4, 2018
Farm Series ( use going forward)
Tax reporting has changed for principal residence sales
If you sell property, you are required to report the sale in your tax return. However, if the property you sell is your principal residence, the gain you realize on the sale is not taxable, as there is an exemption on the gain realized on a principal residence.
Jan 4, 2018
76 PEOPLE
Use evidence-based HR to grow your organization
Human resources managers tend to be most concerned with acquiring staff, the exit of workers from the organization, training and development, the administration of pay plans, benefits and other traditional HR issues. What this emphasis overlooks is the overall strategy of the business, and how effective an HR team can be at supporting or enabling that strategy.
Dec 29, 2017
21 PEOPLE
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