Organizations today create and store vast amounts of data in the course of business, and analytics can turn that data into insight for better decision-making. Data solutions are designed to add shareholder value to organizations. At Collins Barrow, we have the expertise to provide these solutions to a wide range of industries. Our strategies incorporate proven methodologies and years of relevant experience, resulting in comprehensive solutions for clients.
Whether you’ve got a personal or corporate tax question – related to financial matters at home or abroad – our experts have got plenty of tips to share with you. Check back often as we’re always releasing new videos!
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There can be a significant amount of wealth tied-up in farm businesses—including partnerships and corporations—and there are opportunities in the succession process to distribute that wealth on a tax-free or tax-deferred basis. Much of this wealth is eligible for capital gains exemptions, allowing it to pass on to the next generation, so that they can continue farming without a heavy debt burden. If you’re in the process of planning the succession of your farming business, it’s important to consider taking advantage of gifting, as it allows you to apply tax benefits to farming assets.
Expanding your company’s operations into a different province or even country can be a significant step in your growth trajectory, but the process itself can be overwhelming.
Elora, ON – As of September 1, 2016, Collins Barrow Wellington-Dufferin District is merging with Guelph’s Bairstow, Smart & Smith LLP, forming a new firm called Collins Barrow Guelph Wellington Dufferin. The expanded firm will service a larger geographical area and introduce new principal D. Andrew (Andy) Smart as well as a pair of new partners: Edward (Ted) L. Smith and Sara B. Detweiler.
Changes to eligible capital property rules
The Canadian government is planning to change the way it calculates tax on quota sales beginning January 1, 2017. Many farmers are worried about how this will impact their operations, particularly if they are incorporated. This article seeks to clarify the coming changes and provide some suggestions to help farmers prepare.
As Baby Boomers begin to hit retirement age, a major shift is occurring in succession planning. Trillions of dollars worth of businesses will change hands in the next decade. If this shift is not well managed, the economic impact will be significant. Ineffective transitions could result in decades of experience and knowledge being lost.
Whether selling milk, eggs or other produce, farmers working in supply management use a quota system to take their product to market. Dairy farmers, for instance buy a quota, which then makes them eligible to produce a specified amount of milk.
Toronto, ON - On Wednesday, September 7, Collins Barrow Toronto partners Rhonda Klosler and Joel Cohen will share best practices for partner succession at the 2016 TLOMA event. Open to members and non-members alike, the event takes place in Toronto at Dentons Canada LLP (77 King Street West, Suite 400).
Toronto, ON – From September 21 to 23, Collins Barrow Toronto will be at the Sheraton on the Falls in Niagara Falls, exhibiting and speaking at the MFOA (Municipal Finance Officers' Association) Annual Conference.
So the time has come for you, a non-resident of Canada, after many years of personal enjoyment or rental revenues, to sell your Canadian real estate. Unfortunately, this requires one last trip down the rabbit hole of the Canadian tax system.
Toronto, ON – For the past several years, Collins Barrow Toronto has participated in Lawyers Can’t Jump, and the tradition continues when the event returns on Thursday, September 29. Running from 9 a.m. to 5 p.m. at Toronto’s HoopDome (75 Carl Hall Road), the charity basketball tournament raises funds to support Justice for Children and Youth, who offers legal representation to low-income children and youth in Toronto and the surrounding area