The Latest at Collins Barrow Dartmouth

  • Collins Barrow

    How will the new Passive Investment Income rules actually affect CCPCs?

    OTTAWA, ON – After months of public consultation, speculation and concern, the rules regarding Passive Investment Income have finally been unveiled. In today’s 2018 Federal Budget release the government announced that passive investment income over a certain limit will now reduce a Canadian-controlled private corporation’s (CCPC) small business deduction.

    Collins Barrow

    3 key disclosure areas in your year-end financial statements

    If you are a controller or CFO preparing your year-end financial statements for shareholders, regulators and lending institutions, there are several disclosure items you should carefully consider. Over the last several years, accounting and securities regulatory bodies have had a great deal to say about this subject. The following three areas are especially significant.

  • Collins Barrow

    Budget 2018 Infographic

    From changes to passive investment income (that weren’t quite what was expected) to an absence of response to U.S. tax reform, here are some highlights from Budget 2018.  

    Collins Barrow

    Collins Barrow Nova Scotia announces new tax partner

    Dartmouth, NS – Collins Barrow Nova Scotia is pleased to announce the promotion of Darlene Shaw to partner, Tax. Shaw has an outstanding record of providing valuable Canadian and U.S. tax services to both domestic and international clients in a variety of industries. 

    Collins Barrow

    Data Analytics Blog

    Data Is My Parachute Two of my passions in life are data and skydiving. One is work related and the other is my hobby but both share common characteristics. Both require a tool for me to be successful. In skydiving it is my parachute and at work it is data....
  • Collins Barrow

    Commentary

    The Honourable Bill Morneau, Minister of Finance, today tabled his third budget – “Equality + Growth: A Strong Middle Class” – which supports the Government’s people centered approach. 

    The highly anticipated budget released draft legislation related to passive income – the topic that has been on the minds of business owners, investors, and advisors since the July 18, 2017 Finance release which first introduced the subject.  The budget does not propose changes to tax rates at the business or personal level. The budget focused on five key spending areas – growth, progress, reconciliation, advancement and equality.

    Collins Barrow

    Expand your structuring options: consider a limited partnership

    While partnerships have existed for as long as people have been in business, their use in Canada has been relegated largely to certain industries and tax situations. The rules governing partnerships legally and under the Income Tax Act (the Act) generally are not as well defined or understood as those for corporations. However, given the increasing complexity of the corporate tax regime – especially for private corporations – partnerships can be flexible, practical alternatives to structuring many businesses. This is particularly true of limited partnerships.