Known for our responsiveness and aggressively entrepreneurial culture, we are the eighth largest public accounting network nationally by revenue. Our over 1275 professional and support staff and more than 225 partners and principals provide a full range of audit, tax and advisory services to private and public companies through our regional offices from coast to coast.
Toronto, ON – Collins Barrow Toronto is pleased to welcome Grand Lui, CPA, CA as audit partner. With 14 years of experience, Grand supports Canadian companies with initial and secondary public offerings, Securities Exchange Commission (SEC) registration, financial due diligence and strategic consulting.
Are you a Canadian resident who has relocated to the United States for work? This is complicated for many reasons, but the tax implications can be especially daunting. Let's take a closer look at several residency scenarios and clarify your tax obligations - in Canada AND the U.S.
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The Income Tax Act (ITA) contains many anti-avoidance rules forbidding taxpayers from misusing the provisions of the ITA to achieve tax benefits contrary to Canadian tax policy. The 2015 Federal Budget has proposed changes to one of these anti-avoidance rules, which may significantly impact the ability of business owners to move cash and assets between companies.
Businesses often require employees to use automobiles to perform their employment duties. Most often, a business will provide an automobile to the employee or will pay the employee for use of the employee’s own vehicle. These options present different income tax consequences for the employer and the employee.
Crowdfunding is an increasingly popular way to raise funds for projects. But what does this mean for taxpayers when they report their income to Canada Revenue Agency (CRA)? Our experts break down the tax implications of raising funds publically online.
With the 2015 Federal Budget effectively increasing the lifetime capital gains exemption (LCGE) for qualified farm property (QFP) to $1 million, now is a good time to revisit capital gains tax planning. (The LCGE portion of the budget was enacted on June 23, 2015.)
Toronto, ON – The Canadian Securities Administrators (CSA) recently announced a number of amendments, which adjust disclosure obligations (National Instrument 51-102), audit committee requirements (National Instrument 52-110) and general prospectus requirements (National Instrument 41-101) for venture issuers. Collins Barrow Toronto experts have reviewed the amendments and highlighted the changes that may impact clients and corporate partners:
Sudbury, ON – Collins Barrow Sudbury-Nipissing LLP was the top fundraising team at the Canadian Cancer Society’s Relay For Life on Friday, June 19. Calling themselves “A Counting For A Cure,” the CB Sudbury-Nipissing team raised $8,000 for this important cause, which was matched by the firm for a total contribution of $16,000.
Family cottages can play an integral role in strengthening family bonds. Over time, traditions are established, festivities are enjoyed and emotional ties are formed, creating a desire to keep these properties in the family for generations. However, a variety of financial and legal concerns can make this more difficult than it sounds.
Toronto, ON – In his role as the international liaison to Baker Tilly International, Collins Barrow Toronto partner John Sinclair, CPA, CA presented to select companies investing and operating in the Australian mining sector. His presentation in Brisbane, Australia was part of a joint event hosted with Baker Tilly International member firm Pitcher Partners.
Are you one of the many Canadians who have inadvertently overcontributed to their Registered Retirement Savings Plans? If so, you should be aware that excess RRSP contributions are subject to a penalty tax of one per cent per month of the excess contribution.
This technical bulletin covers the various developments from April to June 2015. Collins Barrow regularly publishes Technical Bulletin for the general interest of its clients and friends to highlight the continually changing accounting and assurance standards, and the interpretations thereof, in Canada.