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Audit and accounting Tax advisory
Use of trusts by seniors in estate planning
There seems to be a growing interest among seniors to consider options that improve the administration and security of their assets during their lifetime, providing a greater degree of certainty that their estate’s assets will be distributed in accordance with their wishes. One option to consider is certain trusts available to individuals who are at least 65 years of age. 
Bill Crowther Dec 18, 2020
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Business advisory services Audit and accounting Private enterprise
Considerations when donating goods and services from a business to charity
Registered charities may only issue official donation receipts for gifts of cash or other property. Contributions of services, even if professional or business in nature, are not property and do not qualify for a donation receipt. 
Nov 24, 2020
Tax alert (Use going forward)
Business advisory services Audit and accounting Private enterprise Tax advisory
GST/HST matters for farmers
Although the GST/HST has been with us since 1990, questions still seem to arise regarding what farming-related items are taxable or zero-rated. As a general rule, farmers typically do not charge GST/HST on their sales but do pay GST/HST on their regular purchases. However, there are several exceptions to this rule.
Nov 23, 2020
Green farm land with varying grass lengths creating an interesting organic pattern.
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Business advisory services Audit and accounting Private enterprise Tax advisory
Seller beware: tax issues for Canadian residents selling U.S. real estate
For a few years following the 2008 financial crisis, we saw many investors and snowbirds purchasing U.S. properties to take advantage of real estate bargains and a weak U.S. dollar.
Kevin Tippett Oct 6, 2020
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Business advisory services Audit and accounting International Tax advisory
“Show me your papers, please”: zero-rated supplies of exported goods
The Excise Tax Act provides that generally, the supply of goods made in Canada is taxable for GST/HST purposes, and it is the responsibility of the supplier to collect the applicable GST/HST on taxable supplies.
Sep 17, 2020
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Business advisory services Audit and accounting Private enterprise Cybersecurity solutions
Cyber threats to precision agriculture
When I was asked to contribute this article regarding cybersecurity and farming, my mind immediately went to my experiences on the small family farms of my youth, where I helped relatives with haying or cattle and the technology was as complex as an old tractor and square bales. While effective, those tools were nothing like the technologies in use today.
Aug 20, 2020
Green farm land with varying grass lengths creating an interesting organic pattern.
Business advisory services Audit and accounting Private enterprise Tax advisory
The exit of a family farm shareholder
When a shareholder of a family farm wishes to exit the farm operation—whether due to retirement, disagreement with other shareholders, or a desire for a lifestyle change—and there is no shareholders’ agreement in place to dictate the procedures for buyout, negotiations are required between the exiting shareholder and the remaining shareholder(s).
Kathy Byvelds Jul 2, 2020
Green farm land with varying grass lengths creating an interesting organic pattern.
Business advisory services Audit and accounting Private enterprise Tax advisory
Is it time to consider a “refreeze” transaction?
In times of crisis, people can be opportunistic, and this economic turmoil can allow for certain tax planning opportunities. The current economic downturn caused by the COVID-19 pandemic has negatively affected the valuation of many Canadian businesses. Accordingly, it is wise to revisit any estate freeze transactions that may have been implemented at a time in a prior year when the economy was booming.
May 14, 2020
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Business advisory services Audit and accounting Private enterprise Tax advisory
Business investment losses
In today's business and social environment, more and more owner-managers are struggling to keep their businesses alive. Many find it necessary to inject capital, including personal funds, into their companies.
Apr 23, 2020
Dark stormy waters with a big whitecap.
Business advisory services Audit and accounting Private enterprise Tax advisory
Supporting investment in zero-emission vehicles
The 2019 federal budget introduced two new capital cost allowance classes (class 54 and class 55) providing an accelerated write-off of 100 per cent of the purchase price for new zero-emission vehicles purchased on or after March 19, 2019, and made available for use before 2024. This accelerated write-off is to be phased out between 2024 and 2028, and the write-off of zero-emission passenger vehicles is capped at $55,000 per vehicle.
Mar 17, 2020
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Audit and accounting International Tax advisory
U.S. citizens beware – IRS wants to know about your virtual currency
The U.S. government, along with most governments, has invested resources in understanding cryptocurrency and is developing policies to deal with virtual currency. As of today, Bitcoin still remains the most invested virtual currency on the market with a market cap of approximately $200 billion.
Mar 10, 2020
Turquoise waters washing up on a yellow sand beach with two people walking the coastline.
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