Red Deer, AB – Collins Barrow Red Deer recently announced its move to a new Red Deer address in Gasoline Alley. In addition, the firm has now opened a new office in Sylvan Lake, adding financial service value for clients in the area.
Toronto, ON – Collins Barrow Toronto is pleased to announce the promotion of Terri Ellis to Partner, Market Development and Growth, a unique position in the professional services industry. Terri will continue to work with the firm’s leadership, advancing strategic expansion and opportunities to better serve mid-market companies.
The Latest at Collins Barrow Victoria - Downtown
Windsor, ON – Collins Barrow Windsor is pleased to announce the appointment of Scott Dupuis as managing partner. Scott has contributed to the unprecedented growth of its tax group and office, both of which have doubled in size since he joined the firm in 2012. Scott provides clients with a full range of tax advisory services and has established a reputation for success at Collins Barrow, where big firm expertise meets personal service.
Toronto, ON – From September 21 to 23, Collins Barrow Toronto will be at the Sheraton on the Falls in Niagara Falls, exhibiting and speaking at the MFOA (Municipal Finance Officers' Association) Annual Conference.
Expanding your company’s operations into a different province or even country can be a significant step in your growth trajectory, but the process itself can be overwhelming.
There can be a significant amount of wealth tied-up in farm businesses—including partnerships and corporations—and there are opportunities in the succession process to distribute that wealth on a tax-free or tax-deferred basis. Much of this wealth is eligible for capital gains exemptions, allowing it to pass on to the next generation, so that they can continue farming without a heavy debt burden. If you’re in the process of planning the succession of your farming business, it’s important to consider taking advantage of gifting, as it allows you to apply tax benefits to farming assets.
As Baby Boomers begin to hit retirement age, a major shift is occurring in succession planning. Trillions of dollars worth of businesses will change hands in the next decade. If this shift is not well managed, the economic impact will be significant. Ineffective transitions could result in decades of experience and knowledge being lost.
Whether selling milk, eggs or other produce, farmers working in supply management use a quota system to take their product to market. Dairy farmers, for instance buy a quota, which then makes them eligible to produce a specified amount of milk.
Organizations today create and store vast amounts of data in the course of business, and analytics can turn that data into insight for better decision-making. Data solutions are designed to add shareholder value to organizations. At Collins Barrow, we have the expertise to provide these solutions to a wide range of industries. Our strategies incorporate proven methodologies and years of relevant experience, resulting in comprehensive solutions for clients.
Changes to eligible capital property rules
The Canadian government is planning to change the way it calculates tax on quota sales beginning January 1, 2017. Many farmers are worried about how this will impact their operations, particularly if they are incorporated. This article seeks to clarify the coming changes and provide some suggestions to help farmers prepare.
So the time has come for you, a non-resident of Canada, after many years of personal enjoyment or rental revenues, to sell your Canadian real estate. Unfortunately, this requires one last trip down the rabbit hole of the Canadian tax system.