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.
Negotiating with your banker is not a zero-sum game – meaning that your banker doesn't have to lose for you to win. Here's why that statement is both important and true.
As millennials have become a large part of the workforce, those of us in leadership positions are discovering new management strategies. For both succession planning and to create a work culture that keeps younger talent engaged, here are four key ways to ensure your millennial employees are ready for the future.
The Latest at Collins Barrow Calgary
If you’re an entrepreneur, you have a dream – and many priorities to manage along the way. Tax time is never top of mind, but likely always a worry.
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.
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 Income Tax Act (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.
Durham, ON – Collins Barrow Durham LLP is proud to congratulate partner Denise Jones, who has been elected as a CPA Ontario fellow and earned the prestigious FCPA, FCA designation.
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.
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.
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.
Toronto, ON – Collins Barrow is pleased to announce its Global Transfer Pricing & Dispute Resolution practice, under David Kemp’s leadership, has been acknowledged as one of the world’s leading transfer pricing firms in the 2017 release of the International Tax Review World Transfer Pricing Guide.
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.
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. If you’re not registered with them, you’re not allowed to have a travel business in Ontario. Once your business is registered, you must present your financial statements to TICO once a year and meet certain financial requirements in order to retain this license.