ArticleForeign Corporations Operating In The United StatesWith increasing frequency, Canadian corporations are venturing across the border into the United States to perform services or sell their products. CanadaTaxCollins Barrow National Incorporated
ArticleMitigating U.S. Tax Exposure Through The Closer Connection StatementCanadian persons that spend significant time in the United States can become subject to U.S. taxation and reporting requirements unexpectedly.CanadaTaxCollins Barrow National Incorporated
ArticleShould You Be Registered For Canadian GST/HST?Foreign companies, individuals and organizations who provide goods and services to customers in Canada should consider whether their business activities in Canada invoke a requirement to register for the GST/HST.CanadaTaxCollins Barrow National Incorporated
ArticleGoodwill's Wake-Up Call: Funding Challenges In The NFP SectorThe recent news of Goodwill Industries of Toronto's (Goodwill Toronto) funding and cash flow challenges paints a cautionary tale for Not-For-Profit (NFP) organizations of all shapes and sizes. CanadaCorporate/Commercial LawCollins Barrow National Incorporated
ArticleHow To Work Outside Canada And Pay Taxes (Or Not!)If you are a Canadian planning to work abroad, you need to find out whether your residency will change, because if it does, it may affect your Canadian tax burden. CanadaTaxCollins Barrow National Incorporated
ArticleHow To Avoid Conflict In A Family BusinessA common source of conflict in a family business is miscommunication.CanadaCorporate/Commercial LawCollins Barrow National Incorporated
ArticleCash Basis Accounting – Tips & TrapsFarmers are included among a select few taxpayers who are allowed to utilize the "cash method" of accounting for tax purposes. The vast majority of taxpayers are required to use the "accrual method."CanadaTaxCollins Barrow National Incorporated
ArticleMultistate Foreign Corporation State Income Taxation – Factor Presence NexusIs it possible that a foreign corporation that has no physical presence in a state could be required to pay state income taxes resulting from business/sales within that state? CanadaTaxCollins Barrow National Incorporated
ArticleIt's A Matter Of Trust – Part IIn this two-part discussion, we will first introduce the nature and benefits of trusts in tax planning generally. CanadaTaxCollins Barrow National Incorporated
ArticleSaved Expenses: Depreciation On Undamaged AssetsA number of great articles have been written in the past dealing with depreciation as a saved expense in the context of fully destroyed and replaced assets; however, few have written about how to deal with depreciation savings for undamaged assets in a business interruption claim. CanadaAccounting and AuditCollins Barrow National Incorporated
ArticleKASB Statement On Tax Policy To The Senate CommitteeThe following statement was made to the Senate Committee on National Finance on behalf of the Kingston Advocacy for Small Business (KASB) on Nov. 1, 2017.CanadaTaxCollins Barrow National Incorporated
Article2018 Fall Economic UpdateThe single tax measure introduced in the 2018 fall economic update was accelerated capital cost allowance for eligible property.CanadaTaxCollins Barrow National Incorporated
ArticleU.S. Citizens And Canadian TrustsTrusts are important tools in Canadian tax and estate planning. Discretionary family trusts, in particular, have become common and are continually evolving.CanadaTaxCollins Barrow National Incorporated
ArticleTechnical Bulletin: May 2017Amendment to Section 3856 regarding the current exemption of classifying redeemable preferred shares issued in a tax planning arrangement as equity.CanadaAccounting and AuditCollins Barrow National Incorporated
ArticleBitcoin Mining: CRA Interpretation Under FireThis article discusses virtual currency and virtual currency mining. We refer to these generally as "bitcoin" and "bitcoin mining," as bitcoin is the most common virtual currency.CanadaTechnologyCollins Barrow National Incorporated
ArticleAutomobile Use By EmployeesBusinesses 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.CanadaTaxCollins Barrow National Incorporated
ArticleFraud Protection: What's The F Word Costing You?High risk areas, such as financial or inventory departments, are obvious targets for routine audits. CanadaTechnologyCollins Barrow National Incorporated
ArticleIFRS 16 - A Lessee's PerspectiveA major change is underway for the accounting of leases by lessees with the introduction of IFRS 16 - Leases where many leases that were previously not reported on the balance sheet will now be included.CanadaFinance and BankingCollins Barrow National Incorporated
ArticleNavigating The Potential Pitfalls Of U.S. Property OwnershipWith the decline in the real estate market following the 2008 financial crisis, many Canadian residents have taken advantage of investing in U.S. real estate for income generation and/or personal vacation homes.CanadaTaxCollins Barrow National Incorporated
ArticleNo Small Matter: Minority Shareholder Disputes, Taxes And ‘Minority Discounts'Are you a minority shareholder in a private firm? Owning and selling shares can be slightly more complex than you realize. CanadaCorporate/Commercial LawCollins Barrow National Incorporated