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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 Tax advisory
Low-Interest environment: Time to take advantage again
In past blogs, we discussed income splitting arrangements available to individuals who wish to loan funds to his/her lower income spouse or adult child, or in the case of minor children, a discretionary family trust.
Steven Frye Jun 1, 2020
Publications-All about estates
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
Dark stormy waters with a big whitecap.
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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 Succession and estate planning
Time to refreeze: Redux
The freezing of current share value so that your chosen successors can easily participate in the future growth of your enterprise is a common estate planning technique. 
Steven Frye Mar 24, 2020
Publications-All about estates
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
A close-up of a blue gemstone.
Business advisory services Audit and accounting Private enterprise Tax advisory
Corporate-owned farm residences
When a family farm operation has been incorporated, it is relatively common for the family residence to be on the same parcel of land as the farmland owned and operated by the corporation.
Jan 31, 2020
Green farm land with varying grass lengths creating an interesting organic pattern.
Business advisory services Private enterprise
Remote work arrangements: considerations for success
The past few decades have seen the accelerated growth of remote work arrangements, from roles traditionally performed off-site to a trendy and popular fringe benefit.
Jan 6, 2020
391 PEOPLE
Business advisory services Audit and accounting Private enterprise Indirect tax Tax advisory
Custom farm services and the pitfalls of GST/HST
Most farmers are aware that they must charge GST/HST on custom work, but are you aware that you may need to charge GST/HST on supplies on which you did not pay GST/HST? If you operate a custom services business providing the application of fertilizer or chemical to farmers in Canada and your business is registered for HST, you should be aware of a policy statement published by the Canada Revenue Agency (CRA) affecting HST on those crop inputs.
Dec 19, 2019
Green farm land with varying grass lengths creating an interesting organic pattern.
Business advisory services Private enterprise
Wrongful dismissal: When reasons do not constitute cause
Without a doubt, the single most common issue brought to employment lawyers is dismissal of employees. Although most human resource (HR) professionals are educated and certified in this field, many find it impossible to keep up with changing case law, court decisions and penalties. Those employers who do not have onsite HR professional managers or directors also tend to terminate based on their views, winding up in court after the fact, as employees become more aware of their rights.
Dec 17, 2019
342 PEOPLE
Business advisory services Audit and accounting Private enterprise Tax advisory
Managing U.S. withholding tax requirements for Canadian service providers
Are you a Canadian service provider (either an individual or a corporation) performing services for a U.S. business? If so, you could be considered a foreign person to that U.S. business, and the payments you receive may be subject to a U.S. 30 per cent federal withholding tax.
Dec 12, 2019
A close-up of a blue gemstone.
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