The Latest at Collins Barrow Elora

  • 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

    A timely wake-up call: the dangers of fraudulent phone calls

    Ottawa, ON – Fraudulent phone calls are on the rise and the people making these calls are using increasingly sophisticated methods to carry out their schemes. For example, the practice of spoofing phone numbers has allowed some perpetrators to give the impression they are calling from Canada Revenue Agency (CRA) or the RCMP, giving victims a false sense of security.

  • 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.

    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

    6 key considerations when purchasing a dental practice

    In recent years, there has been a surge in the buying and selling of dental practices. The inherent goodwill of a practice, the move towards regional and national consolidation and the availability of 100 per cent financing make the decision to buy that much more attractive. In addition, a high percentage of dentists are approaching retirement and looking to monetize their well-established practice, making investing in an existing practice a viable option for new dentists. With so much riding on this investment, the decision to purchase a practice can be overwhelming. To simplify the process, dentists should focus on these six key issues.

  • Collins Barrow

    At the Collins Barrow Partners’ Conference, The Future is Now!

    Waterloo, ON – From September 20-24, Collins Barrow partners from across the country will gather in Chicago, Illinois to pave an exciting path forward at the network’s annual Partners’ Conference. This event empowers firms and individuals to build on past successes to engineer even greater value for clients and their teams.