• 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.
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    Congratulations to Collins Barrow’s 59 successful CFE writers

    Collins Barrow congratulates the 2017 writers of the Common Final Examination (CFE). This next generation of financial experts has demonstrated an unwavering commitment to top-quality audit, tax and advisory services. By completing the rigorous CFE, our candidates have moved closer to achieving the distinguished Chartered Professional Accountant designation.

The Latest at Collins Barrow

  • Collins Barrow

    The CRA takes the currency out of cryptocurrency

    In recent years, digital currencies called “cryptocurrencies” have exploded in mainstream popularity. Cryptocurrencies, such as Bitcoin, Ethereum and Litecoin were once accepted by only a few online vendors, but now may be used as payment at some restaurants, retail stores and even real estate brokers.

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    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. 

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    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.

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    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.

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    Collins Barrow Durham announces retirement of Peter Hobb

    Durham, ON – With much admiration and gratitude, Collins Barrow Durham announces the retirement of the firm’s highly respected, long-time partner, Peter Hobb. Hobb joined Collins Barrow in 1983 and has been at the forefront of delivering top-quality financial services to clients. In addition to his role as partner, Hobb...
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    Collins Barrow Tax Tips

    Expert advice – watch now!

    Every business requires a sound strategy and financial plan. Whether you’re just starting up or need insight into succession planning, check out these accounting and tax tips to help navigate the road ahead.