Professionalism and personalized service are hallmarks of our Peterborough and Lindsay offices. We provide audit, accounting, tax, estate, succession and financial planning, business valuation, litigation support, forensic accounting, business advisory, HR and IT advice to a diverse group of clients in the agriculture, construction, wholesale and retail, professional services and not-for-profit sectors.
Engineering & Mining Journal recently called on Collins Barrow to inform an article about mining in Ontario. Ben Gibbons, vice president of corporate finance at Collins Barrow Toronto, met with writers to discuss private equity within the context of Canadian mining.
To advance audit quality, new tools to assist audit committees with the oversight and evaluation of external auditors are now available. Collins Barrow encourages use of these tools in all types of entities.
The Latest at Collins Barrow Peterborough
The Registered Disability Savings Plan (RDSP) is a government initiative intended to assist eligible Canadians with disabilities and their families in saving for their long-term financial security. It is effective for 2008 and later taxation years. Individuals who are disabled or have become disabled as a result of an accident may be in a position to take advantage of the RDSP.
Ottawa, ON – Collins Barrow Ottawa principal Tracey Pagé receives special recognition at the Alzheimer Society Ottawa and Renfrew County AGM. A volunteer with the charity for the past 20 years, Tracey was instrumental in launching the region’s Walk for Memories.
Financing a U.S. subsidiary
When a Canadian company creates a U.S.-based subsidiary, one of the first issues to be addressed is how to fund those operations. Generally, funds may be advanced in the form of equity, debt or a combination of both.
On June 30, 2014, officials with the Canada Border Services Agency and the U.S. Department of Homeland Security commenced a cross-border information exchange initiative, whereby certain information on individuals crossing the border will now be shared between the countries’ border officials. Included in this shared information will be biographical data and the number of days spent in each country, which may be used by each country’s governmental departments to ensure compliance with, among other things, income tax, immigration and health care regulations.
Courtice, ON – Collins Barrow partner Peter Hobb co-hosts a seminar on succession planning. The session is presented jointly with The Callery Group and in association with the Clarington Board of Trade.
TORONTO, ON – Canadian Business and PROFIT listed Collins Barrow Toronto on the 26th annual PROFIT 500 ranking of Canada’s Fastest-Growing Companies. Having recently added an infrastructure advisory practice to an extensive range of specialty services, which complement its core audit and tax offerings, Collins Barrow Toronto is the fastest growing accounting firm in Canada.
Trusts are important tools in Canadian tax and estate planning. Discretionary family trusts, in particular, have become common and are continually evolving. Some of the most powerful benefits of these tools include:
- Flexibility – the ability to maintain control of assets while directing income and value as the trustees see fit.
- Income splitting – directing income of the trust to lower-income beneficiaries (usually family members) to minimize the overall family tax burden.
- Capital splitting – allocating capital gains to beneficiaries, enabling the use of multiple capital gains exemptions.
Chatham, ON – Collins Barrow accountant William Bishop recently presented to members of the Canadian Association of Farm Advisors. His session addressed alternative minimum tax, focusing on its impact on farmers during the sale or transfer of personally owned farmland.
Winchester, ON – Collins Barrow partner Michael Barclay was recently appointed to serve as treasurer of the Dundas Manor board of directors. He succeeds Brian Mann, former managing partner of Collins Barrow WCM LLP, who previously held the position.
TORONTO, ON – Collins Barrow Toronto launches its infrastructure advisory practice, a unique offering in the Canadian market. The practice is being supported by the firm’s partnership with Balance Resources, a leading advisory company focused on the resource, infrastructure and construction sectors.