About Baker Tilly Catalyst LLP
With more than 50 years of experience in accounting, tax and business advisory, Baker Tilly Catalyst LLP is dedicated to aiding in the success of private businesses across Calgary and Southern Alberta.
The Latest at Baker Tilly Calgary
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Importance of Employee Benefits Plans
With the economy opening back up and the world slowly transitioning back to normal, business owners are looking at the future of their companies. One of the critical challenges for this post COVID world is a company’s ability to attract and retain top talent. Employee Benefits can set you apart from other companies and attract the applicants you are looking for.
Episode 13 – Navigating Transfer Pricing Strategies
Are you a business owner navigating cross‑border transactions and wondering about transfer pricing risks and documentation?
2024 tax rates
If you want an overview of Canadian tax rates for 2024, you’ve come to the right place. Select from the resources below for personal and corporate tax rates for each province and territory.
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Managing banking relationships in agricultural organizations
For many agricultural organizations, their chosen financial institution is a significant partner in the success of the operation. With increasing consolidation of farm corporations, credit facility agreements are becoming larger and more complex. Reporting frequency has increased, covenants have been added, and many institutions are seeking forward-looking projections.
Does Buying a Business Make Sense?
With a reported 60% of small and medium-sized Canadian business owners being 50 or older, it is expected that the supply of businesses-for-sale will increase in the coming years. Buying an existing business can have many benefits over starting from scratch, but overlooking the faults of an existing business can lead to losses and headaches.
Fair Market Value on CRA appraisals are inclusive of GST/HST for builder‑landlords
A recently obtained Canada Revenue Agency (CRA) internal communiqué – dated May 17, 2023 – states “effective the date of this communiqué, CRA appraisers will report Fair Market Value (FMV) as inclusive of GST/HST.” This is good news for builders, reducing appeals and objections resulting from disputes with the CRA on FMV as it relates to self‑supply of residential complexes.
The CRA acknowledges impact of bare trust filings on Canadians
On March 28, 2024, the Canada Revenue Agency (CRA) announced it would no longer require bare trusts to file a T3 Income Tax and Information Return (T3 return) – including Schedule 15 (Beneficial Ownership Information of a Trust) – for the 2023 tax year unless the CRA makes a direct request for these filings. This announcement recognizes the new reporting requirements for bare trusts have had an unintended impact on Canadians.
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2024 Federal Budget Commentary
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today tabled her fourth budget – “Fairness for Every Generation.”
The following is a brief overview of the key tax measures.
Is it Time to Start my Succession Plan?
Is it time to create a succession plan? A recent survey by the Canadian Federation of Independent Business (“CFIB”) reported that 42% of small business owners now expect to retire later than planned because of COVID-19. This has significant implications for Canada’s economy, aging entrepreneurs and their families.
2024 Manitoba budget tax highlights
On April 2, the Manitoba government released its 2024 budget. The following are highlights of the key tax measures.
Baker Tilly Catalyst celebrates 50 years by giving back
Calgary, AB – Congratulations to Baker Tilly Catalyst as it celebrates its 50th anniversary providing accounting, tax and business advisory this year. In honour of this milestone, the firm is embarking on a special initiative to give back to the community.
