• Collins Barrow

    People of Collins Barrow Canmore

    The mountains and valley we live amidst are expansive yet we are still a small community which means we are all out and about interacting with so many on a day to day basis.  You may recognize any one of us from a local trail, project or just around town...

The Latest at Collins Barrow Canmore

  • In the Community

    From many of us that volunteer on boards and committees to office volunteer days, we support our local community in a number of ways.

    Collins Barrow

    Collins Barrow - Guelph Wellington Dufferin supports local hospital

    Guelph, ON – Collins Barrow - Guelph Wellington Dufferin is proud to announce its support of the Groves Hospital Foundation. In recognition of the foundation’s notable impact on the community, the firm has donated a total of $50,000 to a fundraising project for the Groves Memorial Community Hospital, initially pledging $25,000 to the redevelopment campaign and a subsequent $25,000 to the New Groves Hospital Project. 

    Collins Barrow

    Tax reporting has changed for principal residence sales

    If you sell property, you are required to report the sale in your tax return. However, if the property you sell is your principal residence, the gain you realize on the sale is not taxable, as there is an exemption on the gain realized on a principal residence. In the past, Canada Revenue Agency’s administrative policy was that you did not have to include the sale in your tax return if the property was your principal residence for all years it was owned. This policy changed in 2016, and CRA now requires everyone to report the sale in their tax return. While the sale of a principal residence is still tax free, there is a penalty if you fail to report the sale.

  • Collins Barrow

    Enterprise Effectiveness

    An enterprise has multiple stakeholders - investors, customers, employees, service providers amongst others. The accomplishment of each stakeholder's goals is a direct function of the enterprise's effectiveness.

    Collins Barrow

    Infographic: The new rules of the road

    On Dec. 13, 2017, Finance Canada released Amendments to the Income Tax Act and Regulations and Explanatory Notes, simplifying measures to restrict income sprinkling. This infographic will focus on the changes to the July 18 proposals, exclusions, reasonableness test and a brief update on the status of the proposed measures related to passive investments. 

    Collins Barrow

    The pros and cons of deferred grain income

    When the federal budget was announced last March, many missed the announcement of a consultation program exploring whether or not the Canadian government should continue allowing farmers to defer grain income. Part of the government’s efforts to promote a fair tax system, this program gave everyone affected by this issue an opportunity to provide input. There are several credible arguments for and against deferred grain income, but these are the most widespread and persuasive positions.