Baker Tilly Canada

In the latest Farm Series blog post, Baker Tilly SK’s Ryan Kitchen explains that Canadian-controlled private corporations can now expense depreciable capital property immediately with a few exceptions. http://ow.ly/Lj9c50GtUY3

Aiming for new targets. The federal government has just announced new targeted methods for its COVID-19 recovery plans. In our latest Tax Flash, we explain how individuals and employers both stand to benefit from this new system as the government continues to address the effects of the pandemic. Learn more: http://ow.ly/MLOw50Gwl3N

An historic contribution. Baker Tilly GWD commends client Robert Eilers on donating a gift worth roughly $50 million to his community. One of the largest donations to a community mental health organization in Canadian history, the contribution will be used to construct a youth mental health services hub, The Grove North Guelph. Read more: http://ow.ly/njvF50GuRTf

Instant gratification. In the new Farm Series blog post, Baker Tilly SK’s Ryan Kitchen explains that farm businesses can now get a much quicker write-off by taking advantage of immediate expensing. Read now: http://ow.ly/oUwp50GtUNN

On Oct. 21, BT Catalyst’s Shawneen Neuman and Simon Wong will co-host a comprehensive business advisory webinar, exploring payroll and health benefit management. Registration is $31.50 and all proceeds will be donated to charity. Register now: http://ow.ly/gpSf50GtvzO

The time for support is now. With the deadline for Canada Emergency Wage Subsidy (CEWS) claim period 8 and Canada Emergency Rent Subsidy (CERS) claim period 1 fast approaching, contact your BT advisor now and get more details from our recovery measures guide: http://ow.ly/OI2Z50E1yM3

Valuable guidance and mentorship. In the latest instalment of Baker Tilly Windsor’s Meet our experts series, Mary Anne Maslanka explains the firm’s uniquely forward-looking approach, why she’s called Fun Bobby and her open door policy with junior staff: http://ow.ly/ZFlY50E0ESf

Baker Tilly WM tax principal Gary Chow contributed valuable perspective to this enlightening new article about the tax implications of Bitcoin’s rise in value:

Perspective you can trust. Lawyers enjoy some exceptions when it comes to filing T3 Trust Income Tax and Information Returns, but this does not apply to all trust accounts. http://ow.ly/i8XP50DWhSc

The BT Windsor team is celebrating #PiDay2021 a little early (it’s on Sunday!). That said, taking a break to enjoy sweet treats as a team is always a good idea especially during tax season. Thanks to Riverside Pie Cafe for supplying tasty, locally made pies! #PiDay

Continued evolution. After making a powerful impression on colleagues and clients alike in his first year at Baker Tilly WM, Haider Jamani has been promoted to partner. http://ow.ly/cl6l50DkVSq

The big picture. Our tax fact sheets have been updated with the current personal and corporate tax rates across Canada: http://ow.ly/FLAv50DhUBz #BakerTilly

Decades of service. 41 years after joining Baker Tilly SK as a junior accountant, CEO Rick Kozachenko has retired. http://ow.ly/z2qI50DhO0g

Want to maximize the tax benefit of your prescribed rate loan? Be sure to make the correct interest payment by Jan. 30.

Five minutes well spent. In the first instalment of BT Windsor’s Meet our experts series, Baker Tilly Live president Joe Heraldo discusses his background, his service line and his vision for the future. http://ow.ly/BYlp50DhJLZ

Preparing for an unknown future. Jaffe’s Randy Labuzinski explains how disciplined PR efforts can help law firms position themselves for a better future after the COVID-19 crisis. Read more: http://ow.ly/WG8B50C581I

Sports was a huge part of my childhood and the lessons learned and values instilled surrounding dedication, teamwork and sacrifice are simply irreplaceable. When I’m not managing the strategic direction of our firm, I’m also pursuing my passion for athletics as co-owner and president of the Leamington Flyers part of Greater Ontario Junior Hockey League #BeTrue #HowIBeTrue #WeAreBakerTilly

Join an accounting network where open communication is encouraged at every level, top to bottom and bottom to top. View our opportunities today: http://ow.ly/kPWc50CsBzM #BeTrue #BTlife #WeAreBakerTilly

Life after tradition. Leon Sacks and Nick Jarrett-Kerr explain how the COVID-19 pandemic has changed the legal industry, requiring some firms to consider a radical restructuring strategy. Read more: http://ow.ly/xl0450C5fI8

Baker Tilly Canada wishes you a lovely and cheerful Diwali!

GST/HST for farmers. Baker Tilly SGB’s Jessica Batte takes a look at how proper tax planning can help you run your agribusiness more efficiently. Learn more: http://ow.ly/WdD250CszM1 #BakerTilly #FarmAlert

The next wave of government rent assistance. The new Canada Emergency Rent Subsidy (CERS) has been announced and BT Canada’s national director of Tax Services has all the details: http://ow.ly/B8d150Cj9ZO

Rising to the challenge. Jaffe’s Randy Labuzinski explains the critical role PR plays in helping law firms overcome the challenges of COVID-19. Read more: http://ow.ly/9teF50C3j8u

Be on the partner path. Whether you are ready to make the leap to partner or eager to grow your career in that direction, there’s a place for you at Baker Tilly Canada: http://ow.ly/cvQX50CfEeG #BeTrue #BTlife #WeAreBakerTilly

Just the facts. For a quick overview of personal and corporate tax rates in Canada, don’t forget to check out our tax fact sheets here: http://ow.ly/8zS750CqyB2 #BakerTilly

You may now qualify. If you’re an eligible small business owner or entrepreneur, the Canada Emergency Business Account (CEBA) is now available to those operating out of a non-business banking account. View our recovery guide for details: http://ow.ly/vaPM50C4eQ0 #BakerTilly

Apply today. The new Canada Emergency Rent Subsidy (CERS) program, which provides direct relief to organizations that continue to be economically impacted by COVID-19, is now open for applications: http://ow.ly/asRs50Cs60x #BakerTilly

Recognizing exceptional service. CPA Ontario has selected Baker Tilly Ottawa partner Rosa Maria Iuliano to become a Fellow, one of the greatest distinctions in the accounting profession. Read more: http://ow.ly/8lcQ50C3W6w

If you’re a farmer considering the purchase of a capital asset, Baker Tilly GWD’s Helen Orok suggests you first consider productivity, leasing, timing and quality of life. http://ow.ly/EBt050BYObH

Empowerment through knowledge. As part of an ongoing commitment to their local community, Baker Tilly KDN’s Courtice office has sponsored The Powerhouse in You by leadership and development coach/author Cate Collins and is donating copies to their local women’s shelter. #BakerTilly #WeAreBakerTilly

You may not need to collect GST/HST, but you will need to provide documentation. Baker Tilly Trillium sales tax partner Sean Kelly explains: http://ow.ly/qcbM50BtNpf

Valuable new expertise. Baker Tilly Nova Scotia would like to welcome Adam Power, who recently joined the firm’s Canadian tax practice as a senior manager. He has over a decade of experience providing guidance on the Canadian tax implications of mergers, acquisitions, divestitures, reorganizations and financings.

All the best to our #BakerTilly colleagues and friends in Ireland!

Attention all trust administrators! Baker Tilly CK’s William Bishop takes a look at the new trust reporting requirements that come into effect with taxation years ending after Dec. 30, 2021. Read more: http://ow.ly/PX0R50BZDEI #BakerTilly

Recognizing a true asset. Congratulations to Baker Tilly Trilliums Dan Maresca for his promotion to principal. Maresca has been a true asset to the tax team for more than two years as a senior manager, and his leadership and expertise will be key to the groups continued success moving forward.

Question your investments. Baker Tilly GWD’s Helen Orok explains why farmers should think twice before purchasing capital assets. http://ow.ly/JZOK50BYKeo

Are you a realtor in Ontario looking to incorporate? Join hosts Ian Whitton and Peter Crew from Baker Tilly Collingwood as they partner with the Southern Georgian Bay Association of REALTORS to present a webinar about Personal Real Estate Corporations (PRECs) on Oct. 22 at 9:30 a.m. Register here: http://ow.ly/gOyX50BWFih

Is incorporation right for you? Presented by Baker Tilly GWD tax specialists and Robert Graham from Miller Thomson LLP, Incorporation for Realtors takes a closer look at the costs, benefits and tax implications of incorporation, as well as the impacts of new Ontario regulation. RSVP now.

Passing the torch. Darcy Spilchen recently stepped into the role of CEO at Baker Tilly SK, taking over for Rick Kozachenko as he transitions to retirement. The firm would like to thank Rick for his service and congratulate Darcy for his promotion with years of service to come. http://ow.ly/tGBq50BtC3L

Spotlight on service excellence. Congratulations to Baker Tilly Vaughan for being nominated as a finalist at the @VaughanChamber 2020 Business Achievement Awards in the Professional Services category. Register for the live virtual event on Nov. 18 here: http://ow.ly/G1DA50BSmFk

Avoid being double-taxed. Baker Tilly Ottawa’s Kevin Tippett looks at how you can avoid any unexpected tax issues when selling your American property. Read more: http://ow.ly/YciZ50BKX3m #BakerTilly #Canada #USTaxAlert

Working from home? Baker Tilly Rockies Ben Berci takes a look at the requirements you need to meet in order to deduct home office expenses. Learn more: http://ow.ly/8eAO50BnxUZ

Baker Tilly Canada would like to take this opportunity to express our gratitude to our loyal clients from coast to coast. We wish you all a Thanksgiving full of family, friends and festive cheer.

Expanding our SR&ED service. Baker Tilly Windsor is happy to welcome Dale Wilson as director of the Scientific Research and Experimental Development (SR&ED) team. Wilson has a depth of experience in guiding both burgeoning start-ups and established multinationals through the intricacies of this popular government incentive program.

Baker Tilly Windsor has once again earned recognition from the readers of the @windsorstar in the annual Best of #YQG feature. When the votes were tallied, BTW was named Best Accounting Firm (for the third year in a row) and Best Income Tax Service (for the second year in a row). http://ow.ly/2uir50BowvB

The new normal. With a significant portion of the population now working from home, Baker Tilly Rockies Ben Berci explores how employees and employers can claim work-from-home expenses. Learn more: http://ow.ly/cK0n50BnxOI

New and improved. Weve created a new Canada Emergency Wage Subsidy (CEWS) eligibility test that reflects all the latest changes. Take the guesswork out of it and see if you qualify: http://ow.ly/aSmW50Bmq8s

Guiding you forward. Introducing our all-new Federal recovery measures guide, your go-to resource for the latest programs designed to help bolster the reopening of the economy. View it here: http://ow.ly/Fg6H50Bmp8F

Canada Emergency Commercial Rent Assistance (CECRA) for small #businesses most in need has been extended to include the month of September. http://ow.ly/DeUB50BlkV9

An achievement worth celebrating. Baker Tilly Windsor is proud to announce partner Brian Cowell has been appointed to University of Windsor's Board of Governors.

Didnt complete your Canada Emergency Business Account (CEBA) application in time for todays deadline? Good news: you just got an extension: http://ow.ly/h0N550BdVXt

Staying safe. Our network understands the importance of a continued commitment to COVID-19 health and safety guidelines, including our Baker Tilly WM team, seen here sporting their BT-branded face masks.

Sept. 1 is the extended deadline to file a corporate (T2) or trust (T3) income tax return with a previous filing deadline of May 31, June, July or August. If returns are filed and payments are made by Sept. 30, penalties and interest will not be applied. http://ow.ly/EtuJ50B3Sph

Secure your agribusiness. Baker Tilly KDNs Blair Brown details how farmers are becoming a favourite target for cyber criminals and what steps they can take to protect themselves from online threats. Learn more: http://ow.ly/ylvD50B4OL5

If youre still seeking Canada Emergency Commercial Rent Assistance (CECRA) for April, May or June, your deadline is Aug. 31. If youre a new applicant, this is also your chance to apply for the July and August extension. http://ow.ly/TWqF50B3Sc9

The Canadian Emergency Response Benefit has been extended by four weeks for a maximum benefit of 28 weeks. On Sept. 27, you could qualify for an enhanced EI program or one of three new recovery benefits. Stay tuned for updates to our guide as more information becomes available. http://ow.ly/azcu50B5DQU

Ripe for attack? Baker Tilly KDNs Blair Brown explains how the agriculture industry is increasingly vulnerable to ransomware and other cyber threats and what farmers can do to mitigate the risks. Learn more: http://ow.ly/ZGTZ50B4ODi

You must complete your Canada Emergency Business Account (CEBA) application through your financial institution by Aug. 31 and upload supporting documentation by Sept. 3. http://ow.ly/62vO50B3S1G

Crunch the numbers. The CRA has updated and released the Canada Emergency Wage Subsidy (CEWS) spreadsheet to help you calculate your wage subsidy. Applications for CEWS claim period 5 (July 5 to Aug. 1) will open Aug. 17. View our Federal relief measures guide for details: http://ow.ly/U6Y550AWMke

Fair warning. Individuals unable to file their 2019 personal tax returns by Sept. 1 will have their Canada Child Benefit (CCB) or Goods and Services Tax (GST/HST) credits stop in October and may have to repay amounts received in July, August and September 2020. Check out our Federal relief measures guide for details: http://ow.ly/KC4q50ATSys

News on our growing team at Baker Tilly WM:

More breathing room. The government has extended the Canada Emergency Commercial Rent Assistance (CECRA) program to the end of August. Learn more: http://ow.ly/NQTR50ARNmX

The benefits of starting a single purpose land corporation. Luc Joye explains how you can get added flexibility and tax savings when purchasing farm property. http://ow.ly/QSRD50ARsJb

Overcoming an unprecedented threat. The health impact of COVID-19 includes mental trauma, a challenge that can take a costly toll if not taken seriously by employers. http://ow.ly/YNui50ALtH8

Giving employees the support they need. BT Rockies Leigh-Anne Finch explains how to build a more productive, engaged workforce during the challenges of COVID-19. http://ow.ly/UyIy50ALtBz

Growth opportunity. Baker Tilly WM is pleased to announce Fernando Catala has joined the firm as its chief financial officer. http://ow.ly/CAU650ALsLf

Purchase farm property with foresight. Before purchasing new land for your farm corporation, Luc Joye suggests you consider the succession planning potential of a single purpose land corporation. http://ow.ly/mnDl50ALsd4

Supporting Canadians. The previously extended filing due dates for current individual, corporate, and trust income tax returns remain unchanged (Sept. 1, 2020). However, the CRA will not impose penalties provided that your return is filed by September 30, 2020.

Extensions for all. The CRA just announced it is extending the payment due date for current year individual, corporate and trust income tax returns (including installment payments) from September 1, 2020, to September 30, 2020. Penalties and interest will not be charged if payments are made by the extended deadline. This includes the late-filing penalty as long as the return is filed by September 30, 2020.

Breaking it down. BT Canadas John Oakey takes a closer look at the revised Canada Emergency Wage Subsidy program, which was recently expanded to allow businesses with even a small decrease in revenue to qualify. Learn more: http://ow.ly/BiAS50AGpYE

Lower decrease, lower subsidy. As of July 5, the Canada Emergency Wage Subsidy (CEWS) expanded to include employers with even a minimal decrease in revenue to qualify for a lower wage subsidy. Learn about all the latest changes in our federal relief measures guide: http://ow.ly/ejhm50AE84d

Raising awareness. Baker Tilly SGB recently joined the Canadian Cancer Societys annual #PlaidforDad campaign, coming together virtually for the day to help shine a spotlight on their efforts to build a future without prostate cancer. #WeAreBakerTilly

Christmas in July? The federal government has announced it will extend the Canada Emergency Wage Subsidy until December. Learn more about eligibility: http://ow.ly/tJFb50AyfIF

Compliance made simple. To effectively navigate your Employer Health Tax (EHT) and workers compensation board (WSIB/WCB) obligations, Baker Tilly Windsor just launched a new service line. Learn more, get in touch and take advantage of these services today: http://ow.ly/rMCp50AwS2D

Avoid conflict. If youre a shareholder of a family farm looking to make an exit, let Baker Tilly REOs Kathy Byvelds shed some light on your options. Learn more: http://ow.ly/vpvG50Ar6nu

Long road ahead. As John Oakey recounts, yesterdays Economic and Fiscal Snapshot 2020 had little news, which itself is an indication of the challenges ahead towards a slow, gradual economic recovery. Read more: http://ow.ly/8wAy50Au972