When it comes to administering a deceased’s estate, it’s common and sometimes necessary for a friend or relative to be appointed the executor, but not many are aware of the proper steps to take for tax filing obligations.

There are several major planning items that need to be considered before and after incorporating a farm business.

There are several major planning items that need to be considered before and after incorporating a farm business.

The federal government recently introduced several tax measures designed to help Canadian families. Collins Barrow’s latest infographic provides an overview.

For small businesses and professional practices such as dentist offices, incorporation often leads to substantial tax savings.

Farm groups regularly raise awareness about the importance of succession planning, but many farmers have been slow to commit.

On Jan 1, 2018, the Alberta Fair and Family Friendly Workplaces Act (also know as bill 17) was passed into law.

Budget 2018 proposes to limit tax deferral advantages on passive investment income earned inside private corporations, applicable to tax years beginning after 2018.

If you find yourself behind the wheel of a car for work purposes, there's a good chance your employer (a) provides the automobile or (b) pays you to use your own vehicle.

Members of partnerships or shareholders (in certain corporate structures) – take note! The 2016 Federal Budget proposes to extend the specified partnership income rules to certain partnership and corporate structures.

Are you a U.S. citizen living outside of the United States? If you haven't been filing your U.S. personal income tax and financial reporting forms, it's time to take action.

In recent months, there have been rumblings that the Streamlined program – a "friendly" system that helps U.S. taxpayers living abroad get caught up on their filing obligations – is coming to an end.

If you do business or have branches in both Canada and the United States, there's one big tax challenge that's impossible to ignore: U.S. corporate tax rates are generally higher than Canadian rates.

The Canadian government is going to change the way it calculates tax on farm quota sales beginning January 1, 2017 – and it's not for the better.

Canadians filing U.S. tax returns for the first time may be targets for scammers due to their inexperience with the IRS.

Effective 1 January,2017, the income tax treatment of farm quota and other eligible capital property (ECP) underwent a complete overhaul. First announced in the 2016 Federal Budget, the ECP was formally replaced by capital cost allowance (CCA) class 14.1 on January 1, 2017. With many farmers and farm corporations' 2017 with fiscal year-ends now approaching, farmers should be aware of the implications of these changes to their businesses.

On Dec. 13, 2017, Finance Canada released Amendments to the Income Tax Act and Regulations and Explanatory Notes, simplifying measures to restrict income sprinkling.

If you are a Doctor or Dentist who is considering incorporating, it is important to know when it's appropriate to take this step.

The growth of digital technology has transformed and disrupted the world of business, introducing new possibilities along with an increase in cybercrime.

As Baby Boomers begin to hit retirement age, a major shift is occurring in succession planning.