The Latest at Collins Barrow Dartmouth

  • Collins Barrow

    Business valuations 101 – Redundant assets: to be, or not to be?

    There are numerous components that go into valuing the assets of an active business. In simplified terms, those components can be characterized as the value of normalized discretionary cash flow plus redundant assets. In this article, we will be discussing two of the more common redundant assets that business owners frequently do not realize exist within their organization.

    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

    Tax-deferred capital distributions from discretionary family trusts

    Discretionary family trusts are used extensively for tax, family and succession planning, as they afford enormous flexibility. In most cases, when such trusts are created, beneficiaries do not pay for their interest, and this assumption is made herein. Once a trust is settled, it will exist until all the assets are distributed to the beneficiaries and the trust is wound up. 

    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

    Avoiding and Getting Off of The TOSI Highway

    On July 18, 2017 the Federal Finance Minister announced proposals to change the tax rules related to income splitting using private corporations. The original proposals were subsequently withdrawn in October, re-released in December and after further changes the proposed legislation was included in Bill C-74 in March 2018. Bill C-74 received Royal Assent on June 21, 2018 and the new tax on split income (TOSI) rules are now in effect as of the beginning of 2018.

    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.