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Business advisory services Dispute, mediation and conflict resolution Audit and accounting Private enterprise Tax advisory Succession and estate planning
Farm succession: sharing the land in partnership
A growing number of farm clients come to my office to discuss succession planning. In many cases, there is a single farming child that has stayed behind to help run the operation, and this child will be the successor. Often, there are other children in the family who have left the farm and have blazed their own paths in life.
Jun 26, 2019
Green farm land with varying grass lengths creating an interesting organic pattern.
Audit and accounting Tax advisory
Donations and your estate
Now that the calendar has flipped to May, accountants in public practice have an opportunity to reflect on the past busy season.
May 27, 2019
Dark stormy waters with a big whitecap.
Business advisory services Audit and accounting Private enterprise Indirect tax Tax advisory
Are sales and renovations of used residential houses GST/HST exempt?
The common belief that the sale of a used residential house is always exempt from the Goods and Services Tax / Harmonized Sales Tax GST/HST is not absolutely correct.
Apr 4, 2019
A bright white iceberg, half submerged in turquoise waters.
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Audit and accounting Private enterprise Tax advisory
Income from farm partnership: computation and reporting by individuals
Farm partnership tends to be the preferred choice of operating arrangement for many farm operators that stop acting as sole proprietors. Many of these farm partnerships are operated by immediate family members. As we head into the individual income tax filing season, it is the ideal time to refresh some of the key principles on computation and reporting of farm partnership income by individuals.
Feb 7, 2019
06 AR
Audit and accounting Private enterprise Tax advisory
Favourable tax treatment for land clearing and drainage
The tax treatment of clearing and tile drainage of agricultural land differs based on the ownership and use of the land. This article discusses the treatment under the most common scenarios. Compared to other businesses, farmers receive favourable tax treatment for these types of expenditures. 
Luther VanGilst Jan 23, 2019
28 AR
Audit and accounting Private enterprise Indirect tax Tax advisory Succession and estate planning
Post-mortem planning after TOSI
The Tax on Split Income (TOSI) regime has had significant impact on tax planning strategies for owner-managed businesses.
Sarah Netley Dec 4, 2018
117 PEOPLE
Business advisory services Transaction services Valuations Audit and accounting Private enterprise Indirect tax Tax advisory
Farm corporations: you don’t need to “go all in”
Accountants regularly advise of the tax and accounting benefits available to corporations. But there remain some producers who are reluctant to take the next step and incorporate their farm operations. With some recent harvest reports of higher than average yields, it is time once again to look at the pros and cons of incorporating.
Sep 21, 2018
02 AR
Business advisory services Audit and accounting Private enterprise Tax advisory
Managing adjusted aggregate investment income
As outlined in the March Tax Alert, the 2018 Budget includes a measure designed to slow the accumulation of passive investments within active corporations. This measure is based on a calculation that considers both the amount and the type of investment income earned in a corporation. Understanding this calculation will guide an investor in developing a tax-efficient investment strategy going forward.
Scott Dupuis Jun 28, 2018
Tax alert (Use going forward)
Business advisory services Audit and accounting Private enterprise Tax advisory
Expand your structuring options: consider a limited partnership
While partnerships have existed for as long as people have been in business, their use in Canada has been relegated largely to certain industries and tax situations.
Feb 26, 2018
Vacancies Adobe Stock 273844408
Audit and accounting Data solution services Tax advisory
The tech-savvy era of cloud accounting – Risks and benefits
In today’s increasingly digital world, having tools and programs that are as advanced as those of the competition plays a critical role in the success of any business. Cloud computing allows businesses to access their data anytime and anywhere via an internet connection, while reducing the headache of managing accounting records and transactions.
Dec 15, 2017
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Audit and accounting Private enterprise
Understanding the filing requirements for PFICs and CFCs
U.S. persons (U.S. citizens or green card holders) living in Canada or abroad who have investments outside the U.S. should be aware of the potentially onerous tax filing requirements imposed by the IRS, and how those rules will apply to their investments. IRS rules can be particularly complex when investments in foreign companies or funds earning passive income are involved.
Jonathan Gehrts Sep 27, 2017
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