The Latest at Collins Barrow Durham Region

  • Collins Barrow

    Approaching process improvement

    Our lives and the world around us are in a constant state of change. Why then, do so many organizations struggle to make time for continuous process improvement? There are a lot of programs and tools out there – including Six Sigma, Lean, Kanban, 5 S’s, Kaizen and TQM – so it is easy to get overwhelmed. However, you do not need your staff to have months of training to enjoy the benefits of continuous improvement. While many organizations have reaped the benefits of in-house continuous improvement programs, a great deal can be gained from a quick and easy review process.

    Collins Barrow

    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.

  • 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

    Collins Barrow is expanding through Southwestern Ontario and across Canada

    TORONTO, ON, SEPTEMBER 7, 2018 – Canada’s largest network of independent accounting, tax and specialty services firms is boldly expanding their reach across the country. Already, firms in Vancouver, Toronto and across Southwestern Ontario are set to join Collins Barrow National before year's end. Firm and location details will be shared through September and October 2018. Many of our incoming firms are major players in their markets, dedicated to extending their clients, partners and staff enhanced services, national resources and agility that can only be achieved via independent management.

  • Collins Barrow

    Why Plan for Farm Succession?

    Despite farm groups working hard to advise farm owners of the need to plan for their eventual succession, many farmers appear to be reluctant to plan properly. Though there are many reasons, studies show that the number one reason is that it is “too early” to begin planning. But is it really too early, or is there just an unwillingness to plan for succession?

    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.