The Latest at Collins Barrow North Bay

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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. 

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    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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    Environmental Stewardship

    Collins Barrow is focused on reducing its carbon footprint.  Accounting can be a “paper pushing” environment to work in, however being environmentally focused is not only good for our environment, but is good for our staff, our clients, and our neighbors on this earth.

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    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.