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Audit and accounting Private enterprise
Proposed tax changes for family farm corporations
On July 18, 2017, Minister of Finance Bill Morneau proposed comprehensive changes to the taxation of private corporations, based on concerns that private corporations “give unfair tax advantages to certain – often high-income – individuals.” While these proposed amendments will affect all private corporations, several of the proposals will have a significant impact on tax planning for family farm corporations (FFCs) and on inter-generational transfers of farm property (e.g. land, shares of FFCs or an interest in a family farm partnership).
Sep 26, 2017
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5 reasons why your business needs to be using analytics today
We keep hearing in the news and in professional publications that everyone needs to use data analytics. It’s the greatest thing since sliced bread. So why should businesses consider using data analytics? The reason is simple: data analytics presents many new opportunities to improve efficiency, gain actionable information on customers and add value to financial reporting. Analytics can have many positive effects on your organization, including those highlighted below.
Sep 21, 2017
On The Mark-5 reasons why your business needs to be using analytics today
Audit and accounting Private enterprise Tax advisory
Selling your farmland - GST / HST implications
With farmland values on the rise in Canada, many farmers are contemplating selling some or all of the land used in their farming businesses. Farmland sales may have GST/HST implications depending on such factors as the nature of the purchaser and the intended use of the land subsequent to sale. 
Sep 20, 2017
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6 tips for better farm financial management
When running a farm business, it’s important to have foresight. If you don’t plan for the future, you are not going to end up where you want to be. 
Sep 19, 2017
45 AR
International Indirect tax Tax advisory
Budget 2017 Update – Extended transitional period for work in process of professionals
<em>An <a href="/en/cbn/publications/taxflash-budget-2017-update-relief-for-contingency-fee-engagements" target="_blank">earlier version</a> of this Tax Flash was originally published on May 11, 2017. The following version has been amended to reflect important updates as of Sept. 8, 2017. </em> As proposed in the March 22, 2017 budget, every professional must include year-end work-in-progress (WIP) into taxable income effective for taxation years beginning after March 21, 2017. WIP for professionals typically represents unbilled professional time and cost incurred in the rendering of services to clients. This is often captured in the form of a professional’s “charge-out” rate, which represents their cost, overhead and some profit component.
Sep 13, 2017
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Audit and accounting Private enterprise Indirect tax
Newly defined “investment limited partnerships” to affect partnership distributions
The Department of Finance’s September 8, 2017 release of draft GST/HST legislation introduces the newly defined “investment limited partnership” and a series of legislative amendments that will apply to such partnerships. The Department of Finance is accepting comments on the draft legislative proposals until October 10, 2017.
Sep 13, 2017
A bright white iceberg, half submerged in turquoise waters.
Non-resident / U.S. companies doing business in Canada
In many cases, foreign companies doing business in Canada are in need of additional expertise to effectively navigate the Canadian tax system. Specifically, U.S. companies find themselves confronting a tax environment that is very different from their domestic system. When doing business in Canada, here are some of the key tax considerations foreign companies should be prepared to navigate.
Sep 13, 2017
62 BUIDINGS
A quick guide to platform acquisitions
When growing through mergers and acquisitions, there are generally two distinct types of acquisitions: (1) the platform acquisition and (2) subsequent one-off acquisitions.
Sep 6, 2017
50 BUIDINGS
Issues facing Canadians selling U.S. real estate
Canadians selling U.S. real estate face a number of challenges, most notably the difficulty in finding someone with special training on this topic. Given the high U.S. dollar, many Canadians are now looking to dispose of their U.S. property, but not many advisors have carefully researched this topic and developed the expertise necessary to help with these sales. As a result, the escrow agent, the real estate agent and the accountant you deal with may offer conflicting advice. In order to make sense of their perspectives and cope with the limited expertise available, be sure to keep the following issues in mind when selling U.S. real estate.
Aug 29, 2017
Expert Series-Issues facing Canadians selling U.S. real estate
Tax advisory
Increasing the cost of intergenerational business transfers
The Canadian Federal Government introduced draft legislation on July 18, 2017 that will profoundly change the taxation of private corporations and their shareholders. The Government claims the changes are necessary to instil fairness into the tax system as it believes the current rules are being used for personal benefit and do not contribute to the economy as a whole. 
Aug 23, 2017
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Technical Bulletin: August 2017
This <em>Technical Bulletin</em> covers the various developments from May 2017 to July 2017. <p style="margin-left:1pt;">Acknowledgement: The content of the <em>Technical Bulletin</em> has been summarized or reproduced from the CPA Canada, IASB and IFRIC, IAASB, AcSB, PSAB, AASB press releases, updates, publications, meeting summaries and other publications referenced within the <em>Bulletin</em>.
Aug 18, 2017
Technical Bulletin-Collins Barrow
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