The current acceptance procedure does not require the taxpayer to pay any such amounts on filing and not doing so does not preclude the acceptance of the disclosure.

Despite farm groups working hard to advise farm owners of the need to plan for their eventual succession, many farmers appear to be reluctant to plan properly.

Canada's succession planning rules can make it less costly from a taxation standpoint to sell a family business to a third party than to a family member. However, this depends on how the deal is structured.

An Application for a Certificate of Appointment of an Estate Trustee with a Will, or more commonly referred to as probate, is the process whereby the Court certifies that an individual's...

With an expected $125 Billion in extra federal funding for infrastructure over the next 10 years, infrastructure has become as sexy as tech….well maybe not quite.

To me, inclusive leadership, means consensus building – so that every member of your team feels like they're part of the process. But it's never as simple as it looks.

Whether looking for full or majority consensus, leaders know in theory that working closely with their team before making big decisions is more positive for both outcomes and work culture.

Most small business owners aren't aware there are financial controls they should be putting in place, but if they operate a business without them...

The new rules propose to do away altogether with the WIP deduction noted above.

Whether selling milk, eggs or other produce, farmers working in supply management use a quota system to take their product to market.

What business mindset shapes your leadership values? For many years we've embraced the idea that knowledge, combined with technology, is the value capital that drives business growth.

In many cases, foreign companies doing business in Canada are in need of additional expertise to effectively navigate the Canadian tax system.

Effective December 1, 2014, FedDev Ontario will re-open the SMART program, a grant benefitting small businesses in the manufacturing sector.

Although changes in income tax legislation make tax planning for taxpayers increasingly challenging, tax legislation specific to farmers remains relatively unchanged and can be quite favourable.

Currently, taxpayers are exempt from capital gains tax for charitable gifts of publicly listed securities and gifts of ecologically sensitive land and cultural property.

Focusing your business on the clients' needs first is a traditional business axiom. But, conventional thinking does not fully encompass Collins Barrow Toronto's mission.

Before going on your drive, you generally know where you want to go and the route you are going to take.

For board members, understanding the organization's financial position is a necessity for effective oversight, as well as a fiduciary duty.

nter-generational farm transfers are common as succession plans.

Many doctors work their entire career without needing to collect HST for their services, but there can be many exceptions to this rule.