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Tax advisory
Infographic: Farm quota taxes set to change
The Canadian government is going to change the way it calculates tax on farm quota sales beginning January 1, 2017 – and it’s not for the better. The changes will impact not only how much farmers are able to “write-off” but also how much tax they’ll pay on the sale of a quota. 
Thomas Blonde Oct 17, 2016
Technical Bulletin: October 2016
This technical bulletin covers the various developments from July to September 2016. Collins Barrow regularly publishes Technical Bulletin for the general interest of its clients and friends to highlight the continually changing accounting and assurance standards, and the interpretations thereof, in Canada.
Oct 13, 2016
Corporate finance Tax advisory
Ownership structures for life insurance policy-funded buy/sell agreements
In our July 2016 Tax Alert we noted that new income tax legislation will impact the taxation of life insurance policies. Most notably, it will be advantageous, for estate planning purposes, to purchase life insurance before the end of 2016 to maximize the tax benefits associated with current life insurance rules.   
Oct 12, 2016
Fraud protection: what’s the F word costing you?
Fraud – it’s everyone’s business. That dreaded F word is a prevalent crime we can’t afford to ignore. With one in every five businesses victimized in the past year, fraud has become a big threat and a serious ongoing challenge for Canada’s economy.
Oct 11, 2016
Got a travel business? 7 TICO questions you can’t afford to ignore
TICO (Travel Industry Council of Ontario) is a governing body of the travel industry in Ontario. It’s a government organization that oversees Ontario travel agents and travel-related businesses.
Oct 11, 2016
Principal residence exemption – significant changes
On October 3, 2016, among a series of other measures, the Department of Finance (“Finance”) introduced significant changes to the principal residence exemption rules under the <em>Income Tax Act</em> (Canada). The mandate of these changes was specifically to “improve tax fairness by closing loopholes surrounding the capital gains exemption on the sale of a principal residence.” The proposed changes to the principal residence exemption rules effectively limit the ability of certain taxpayers to reduce or eliminate the capital gain on the sale of their home.
Oct 7, 2016
Changes in the treatment of U.S. LLPs and LLLPs
The Canada Revenue Agency’s (CRA) recent change to its position on the classification of two popular entities for U.S. real estate investing has thrown a wrench into tax structure planning for Canadian investors.  
Darlene Shaw Oct 4, 2016
Data solution services
Infographic: Turn data into insight
Organizations today create and store &#3;vast amounts of data in the course of business, &#3;and analytics can turn that data into insight for better decision-making. Data solutions are designed to add &#3;shareholder value to organizations. At Collins Barrow, we have &#3;the expertise to provide these solutions to a wide range of industries. &#3;Our strategies incorporate proven methodologies and years of relevant &#3;experience, resulting in comprehensive solutions for clients. 
Sep 23, 2016
Succession planning? Here’s why you want to gift the farm
There can be a significant amount of wealth tied-up in farm businesses—including partnerships and corporations—and there are opportunities in the succession process to distribute that wealth on a tax-free or tax-deferred basis. Much of this wealth is eligible for capital gains exemptions, allowing it to pass on to the next generation, so that they can continue farming without a heavy debt burden. If you’re in the process of planning the succession of your farming business, it’s important to consider taking advantage of gifting, as it allows you to apply tax benefits to farming assets.
Sep 14, 2016
Will you soon be paying more tax on your quota sale?
<strong>Changes to eligible capital property rules</strong> The Canadian government is planning to change the way it calculates tax on quota sales beginning January 1, 2017. Many farmers are worried about how this will impact their operations, particularly if they are incorporated. This article seeks to clarify the coming changes and provide some suggestions to help farmers prepare.
Thomas Blonde Sep 14, 2016
Succession and estate planning
Infographic: Succession in the 21st century
As Baby Boomers begin to hit retirement age, a major shift is occurring in succession planning. Trillions of dollars worth of businesses will change hands in the next decade. If this shift is not well managed, the economic impact will be significant. Ineffective transitions could result in decades of experience and knowledge being lost. 
Sep 14, 2016
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