A founding member of the Collins Barrow network, we have been providing audit and assurance, tax and business advisory services to a diverse client base for over 87 years. With more than 100 team members, we offer resources and personalized, responsive service to local owner-managed businesses, private enterprises, public companies and not-for-profit organizations.
Sudbury, ON —With Ontario’s new Not-for-Profit Corporations Act (ONCA) set to transform how these organizations are created, governed and dissolved, “helping our many long-time NPO clients prepare now for the transition is essential,” says Collins Barrow Sudbury-Nipissing Partner Roxanne Gervais, CPA, CA,
Collingwood, Meaford, Owen Sound, Walkerton, Toronto, ON – Founded in 1950, Gaviller & Company, a regional chartered professional accounting firm serving the Collingwood, Meaford, Owen Sound and Walkerton, Ontario, areas, has joined Collins Barrow. Now operating as Collins Barrow SGB, the firm is part of an expanding network of 26 independent member firms across Canada.
The Latest at Collins Barrow Calgary
Even though Canada does not have an inheritance tax, a significant and unexpected tax liability can be left behind by a farmer at death without proper planning and preparation.
Effective October 18, 2014, the Director of Corporations Canada has the legal authority to dissolve any corporation initially incorporated under the then Canada Corporations Act for failure to transition to the Canada Not-for-profit Corporations Act (NFP Act). The good news is that corporations that have not transitioned as of October 17, 2014 will not automatically be dissolved as of that date. Rather, steps will need to be taken by Corporations Canada that are intended to ultimately lead to dissolution.
A government-sponsored program, the Registered Disability Savings Plan (RDSP) assists eligible Canadians in building long-term savings. Contributions to an RDSP qualify for matching government grants and bonds. With an RDSP, beneficiaries can realize a return on investment of up to 300 per cent.
Courtice, ON — “When it’s safe to say that six out of 10 small business owners will be exiting their businesses over the next 10 years,” notes Partner Peter Hobb, CPA, CA, CFP, of Collins Barrow Durham LLP, “it’s essential they start educating themselves about just who needs to be involved in the process and, most important, ensuring they have a backup plan.”
Collins Barrow once again took part in Canada's Outdoor Farm Show on September 9-11, 2014 where we challenged the visitors to our booth to guess the number of soybeans in the jar. The correct answer was 17,539.
Despite the objections of The Canadian Bar Association (CBA), the Chartered Professional Accountants of Canada (CPAC) and the Society of Trust and Estate Practitioners (STEP), the 2014 Federal Budget introduced legislation to eliminate the graduated rate of taxation for testamentary trusts.
Victoria, B.C – Norgaard Neale Camden Ltd., one of the largest locally owned and operated accounting firms in Victoria, B.C., has joined Collins Barrow. Now operating as Collins Barrow Victoria Ltd., the firm is part of an expanding network of 25 independent member firms across Canada.
Sudbury, ON — Demystifying government grants and funding mechanisms, understanding the funding cycle, eligibility criteria and application process were subjects of a breakfast seminar presented yesterday by Collins Barrow’s Sudbury-Nipissing office.
U.S. persons looking to catch up on required U.S. income tax filings may now be able to take advantage of an updated set of “taxpayer friendly” rules introduced in June 2014: the Streamlined Filing Compliance Procedures (Streamlined Program), and the Offshore Voluntary Disclosure Program (OVDP). These programs are integral parts of the ongoing Internal Revenue Service initiative to encourage U.S. taxpayers, particularly those located outside the U.S., to become compliant.
Chatham, ON – The Managing Partner of our Chatham-Kent office, Collins Barrow’s Bill Loucks, CPA, CA, CFP, has been appointed to the board of Highbank Resources Ltd. (TSX.V:HBK) of British Columbia, an aggregate exploration and development company. In addition to overseeing Chatham consulting services, Mr. Loucks brings more than 20 years of experience to the role as a former long-serving director of Collins Barrow’s National Board and of Chatham-Kent Hydro Inc