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How AgriInvest and AgriStability are changing
AgriInvest and AgriStability are two government subsidy programs that have been extremely valuable to Canadian farmers in recent years. AgriInvest allows farmers to put a percentage of their sales into a fund, where these contributions are matched by the government. The idea is to put money away in your best years, creating a cushion if you are ever short of cash or need extra funds to pay for equipment and supplies. 
Nov 23, 2017
47 AR
Audit and accounting Private enterprise Tax advisory
Changes proposed to taxation of private corporations and their shareholders
On July 18, 2017, the federal government of Canada introduced proposals (“announcements”) curtailing the use of private corporations to gain tax advantages over other individuals in Canada who do not utilize such corporations. The proposals were positioned by the government as measures to ensure that the wealthy pay their fair share and the Canadian tax system is applied in a manner that is fair for all Canadians. If enacted as introduced, these proposals represent arguably the most significant changes to the taxation of private corporations in over 40 years. 
Bill Crowther Nov 22, 2017
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Technical Bulletin: November 2017
Collins Barrow regularly publishes <em>Technical Bulletin</em> for the general interest of its clients and friends to highlight the continually changing accounting and assurance standards, and the interpretations thereof, in Canada. Since this is not intended to be a complete reproduction or summarization of the standard or document reviewed, we recommend that you refer to the original document(s) discussed in this <em>Bulletin</em> and/or discuss the matter with your professional advisor before acting upon any of the matters discussed herein.
Nov 22, 2017
Technical Bulletin-Collins Barrow
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How good records benefit your farm
Even if you run a successful farm business, there is probably room for improvement in your record-keeping. Good records provide a snapshot of your operation and a more precise sense of where your business is throughout the year. 
Nov 21, 2017
30 AR
Ontario small business income tax relief ahead of the minimum wage increase
Ontario Minister of Finance Charles Sousa announced a reduction to the small business tax rate to take effect on January 1, 2018.  Today’s alert will focus on the tax rate change, its effect on personal dividend tax rates and highlight other Ontario tax changes in the Minister’s update.
Nov 15, 2017
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Improving the financial literacy of board members
For board members, understanding the organization’s financial position is a necessity for effective oversight, as well as a fiduciary duty. But when it comes to the financial discussions, we see many board members “zone out.” Without an appropriate level of understanding, the right questions may never be asked, potentially putting the organization at financial risk.
Nov 9, 2017
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U.S. Congress Releases Draft Legislation on Tax Reform
On November 2, 2017, the US House of Representatives Committee on Ways and Means released long-awaited draft legislation on federal tax reform. Many of the highlights from the initial tax reform proposal released by the Republican “Big 6” on September 27, 2017 was kept unchanged in the draft legislation. Please contact your local Collins Barrow representative to see how this development may impact you and your US/cross-border business.
Nov 2, 2017
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Audit and accounting Private enterprise Tax advisory
Post-mortem planning: reprieve for the pipeline?
When individuals die, they are deemed to have disposed of all of their assets at fair market value at the time of death. This deemed disposition applies to capital property such as vacation properties, rental properties and shares of public and private corporations. An exception to this rule applies where there is a surviving spouse, in which case the assets may be transferred to the surviving spouse with no tax consequences. If there is no surviving spouse, any income resulting from the deemed dispositions is included in a final tax return filed on behalf of the deceased. 
Oct 31, 2017
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Succession and estate planning
Pitfalls to consider in family business succession
We have been hearing it for decades: 30 per cent of family firms survive to the second generation and only 10 per cent survive to the third generation. This statistic is generally cited without context, implying that family firms are the business organizations that are most likely to fail, but that assumption is incorrect. We know that family businesses facing succession are successful to begin with. Otherwise, they would not have been in business for so long, waiting for the next generation to take over.
Peter Savoni Oct 31, 2017
On The Mark-Pitfalls to consider in family business succession
Restructuring and recovery services Transaction services
When opportunity knocks, can your firm afford it?
Consider one of the following scenarios: Your firm’s leadership wants to become the employer of choice for young professionals — and this includes a workplace that appeals to them — calling for significant leasehold improvements.
Oct 26, 2017
Birdseye view of a dense, green forest.
Private enterprise
Infographic: Keep your business safe from cybercrime
The growth of digital technology has transformed and disrupted the world of business, introducing new possibilities along with an increase in cybercrime. Understanding the different threats that exist and building a robust IT infrastructure are essential to protecting your digital world.
Oct 25, 2017
Publications-Infographic: Keep your business safe from cybercrime
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