• Collins Barrow

    Welcome to Collins Barrow

    Known for our responsiveness and aggressively entrepreneurial culture, we are the eighth largest public accounting network nationally by revenue. Our over 1340 professional and support staff and more than 235 partners and principals provide a full range of audit, tax and advisory services to private and public companies through our regional offices from coast to coast.

The Latest at Collins Barrow

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    Reviewing the pros and cons of AgriStability

    AgriStability is a program that provides financial protection to farmers in the event that their margin drops compared to the prior year of production. In essence, this is a financial safety net for farmers: they receive payments when their net income drops below 70 per cent of their reference margin, which is determined by averaging their net income over five years after eliminating the highest and lowest years. In many cases, the benefits of the program are worth the time and expense required to participate, but earlier this year, changes were introduced that may affect the program’s relevance to your farm operation. With that mind, here is a closer look at the pros and cons of AgriStability.

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    Farm corporations: you don’t need to “go all in”

    Accountants regularly advise of the tax and accounting benefits available to corporations. But there remain some producers who are reluctant to take the next step and incorporate their farm operations. With some recent harvest reports of higher than average yields, it is time once again to look at the pros and cons of incorporating.

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    Collins Barrow Vancouver, Wolrige Mahon & CW Group merge - now one of Collins Barrow’s largest firms

    Toronto, ON – Collins Barrow National is pleased to announce its latest Western expansion, with the merger of Collins Barrow Vancouver, Wolrige Mahon and CW Group. Together, they are forming a single, powerhouse audit, tax and specialty services firm. With offices situated in  Vancouver and Toronto, the new firm, Wolrige Mahon Collins Barrow (WMCB), will further enhance Collins Barrow’s long-standing coast-to-coast presence.

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    Collins Barrow named Best Digital Workplace: Collaboration

    Toronto, ON – Collins Barrow National is proud to be one of this year’s recipients of Igloo Software’s Digital Transformation Awards. This honour celebrates the excellence of distinguished businesses and acknowledges Igloo customers for their innovation and accomplishments in developing a more connected and integrated workplace.

    Collins Barrow

    Don’t dive into the shallow end of the TOSI income pool

    In recent Tax Alerts we discussed the tax on split income (TOSI), which limits income-splitting techniques involving private corporations by taxing amounts received at the highest marginal tax rate. The rules are complex and, to date, the Canada Revenue Agency (CRA) has provided only limited guidance on their application.

    Collins Barrow

    How to remain compliant when not acting at arm’s length

    For tax purposes, the Canadian Revenue Agency requires businesses to complete all transactions at fair market value, but some businesses find themselves making special arrangements with family, friends or others. By not acting at arm’s length, they may wind up with understated revenue, overstated expenses and/or unrecorded tax liabilities. Any error in this area is subject to reassessment, which can be an extremely expensive process.

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    Collins Barrow PQ sponsors the Celebrate Success Awards

    Yorkton, SK – Collins Barrow PQ LLP is proud to be the Patron Sponsor for the 2018 Celebrate Success Awards and present the Small and Large Business of the Year awards on Oct. 3. The firm is also honoured to be a contender for the Education & Training award.