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Tailor-made connections: matching financing needs to providers
For many entrepreneurs, the need to find financing can be like trying to sprint while dragging a weight along the ground. The time and effort spent researching financial sources, preparing pitches, and telling their story holds them back from focusing on the business and making their vision a reality.
Feb 1, 2017
The changing face of workplace harassment
In 2010, the Occupational Health and Safety Act (Ontario) was amended to include the definitions of workplace harassment and workplace violence, as well as associated requirements for employers. Prior to that, harassment fell under the Ontario Human Rights Code (OHRC) and was limited to the prohibited grounds as defined by the OHRC. However, since 2010, employees have had another avenue to bring forward concerns about workplace harassment and violence: the OH&S Act. 
Jan 19, 2017
Transaction services Tax advisory Succession and estate planning
Tax...shelter: the principal residence exemption
<strong><em>*Updated Jan. 18 2017</em></strong><br /> <br /> With the real estate market booming (or contracting, as the case may be) in your home town, you have decided to cash in on the one income tax break that has remained relatively unchanged for individuals since its inception in 1972: the principal residence exemption (PRE). The concept seems simple enough. Generally, any gain on the sale of a home that has been ordinarily inhabited as a place of residence by you, your spouse, your common-law partner or your child will be exempt from income tax. However, the details of the rules do not reflect this simplicity.
Brian Mitchell Jan 18, 2017
Protecting seniors from fraud
As the baby boom generation ages, the balance of young and old is shifting, resulting in a disproportionate number of seniors. This is a new phenomenon, one that has made the complicated problems facing the elderly more prevalent than ever before. One area that is often overlooked when people consider caring for seniors is their financial needs and the ways that they are vulnerable to fraud. Committed by strangers, as well as unscrupulous friends and family members, this activity could include the illegal theft and misuse of a senior’s money or property and the concealing of assets that belong to the elderly individual. If you are a friend, family member or advisor assisting a senior, be sure to take the time to protect them from the many risks they are facing.
Jan 10, 2017
Cross border and international Tax advisory
Infographic: Doing cross-border business?
If you do business or have branches in both Canada and the United States, there’s one big tax challenge that’s impossible to ignore: U.S. corporate tax rates are generally higher than Canadian rates. 
Dec 29, 2016
5 lessons to make inclusive leadership work
To me, inclusive leadership, means consensus building – so that every member of your team feels like they’re part of the process. But it’s never as simple as it looks. For instance, it can be easier to achieve consensus with just a few partners, but the bigger you get, the more difficult and time-consuming the process gets. With that in mind, here are some key lessons to remember when implementing inclusive strategies.
Dec 27, 2016
Qualified Farm Property
In a hot real estate market, farmland owners may start thinking about turning their dirt into cash. Most people have heard there’s no tax on the sale of farmland in Canada, but it’s more complicated than that. The Income Tax Act allows a capital gains deduction for individuals who are resident in Canada throughout the year and dispose of qualified farm property. This deduction may be claimed on their tax return to off-set profit on the land sale.
Dec 22, 2016
The advantages of leasing farm equipment
Historically, farmers running successful businesses have preferred buying equipment to leasing, as it allows them to own assets with value that they can sell in the future. Many farmers also believe there is a stigma associated with leasing, as it suggests that that they can’t afford to buy farm equipment and, therefore, don’t have a healthy farm. However, there are many overlooked advantages to leasing, rather than buying. For farmers who are struggling to obtain financing – or simply want to consider the alternatives – leasing is usually a viable option.
Dec 21, 2016
Trust Year-End Administration
There are several types of trusts contemplated in the Income Tax Act, each with specific opportunities, rules and restrictions. One type, often referred to as a discretionary family trust (“Trust”), is used extensively in tax, family and succession planning, as it affords enormous flexibility for ownership structures of Canadian private corporations in achieving income splitting, multiplying capital gains exemptions, deferring deemed dispositions occurring on the death of an entrepreneur, reducing probate fees, and reducing risk by insulating assets from business risks and other potential creditors. 
Bill Crowther Dec 20, 2016
Multinational companies, minimize pesky (higher) U.S. taxes
For multinationals with branches in both Canada and the United States, there’s one big tax challenge that’s impossible to ignore: U.S. tax rates are generally higher than Canadian tax rates. Companies wrestling with this issue are always looking for ways to reduce U.S. income and maximize Canadian income (within the existing rules), lowering their overall tax burden. Some strategies include financing, transfer pricing, inter-company charges, and reducing tax liability through tax planning. To make the most of these options, it’s important to take the following steps.
Dec 16, 2016
More Details for Alberta Budget 2016 Investment Tax Credits
On December 9, 2016, the Alberta NDP government enacted two important tax incentives that were first announced in the government’s April 2016 Budget. The incentives were established to encourage capital investment in and by Alberta businesses, and to promote economic diversification.
Dec 15, 2016
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