This Collins Barrow Tax Alert is also available in PDF format.

Discretionary shares are a popular income-splitting tool for professional corporations and owner-managed corporations. They have gained popularity since the Neuman decision from the Supreme Court of Canada in 1998 (Melville Neuman v. Her Majesty the Queen). Not surprisingly, the Canada Revenue Agency (CRA) is still looking for ways to attack the use of discretionary shares.

Overview

Discretionary shares allow the directors of a corporation to pay a dividend on the shares at a different rate or to the exclusion of other shares outstanding in the corporation. The directors…
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Together with member firms from across the Baker Tilly International network, Collins Barrow has embarked on a global research project on the topic of succession planning, a key issue for many family- and privately-owned businesses.

We would like to invite you to participate by completing our online survey.

Please click here to access the survey, which should take around 15 minutes of your time. The closing date for submissions is March 15, 2013.

Upon completion, you will be able to download a copy of Succession Planning, a Baker Tilly International Guide for Closely Held and Family…
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Join us on Sunday, January 27, 2013 inside Carleton University Fieldhouse. Create a team with your family, friends or co-workers to support the 15,000 people living with Alzheimer’s disease and other dementias in Ottawa and Renfrew County.

Kanata woman helps others Walk for Memories - Annual fundraising event continues to grow

The Walk for Memories in support of the Alzheimer Society of Ottawa and Renfrew County came about 17 years ago thanks to a Katimavik woman and a Nepean business.

Collins Barrow Ottawa's Manager Kathy Wiens, discusses the tax consideration of caring for a child with special needs with Jason McIntyre on CFRA's Business @ Night - Tax Tip Tuesday. (Tuesday, January 15th, 2013).

Collins Barrow Ottawa's U.S. Tax Services Principal, Michael Hayward, discusses the tax consequences of doing business in the U.S. with Jason McIntyre on CFRA's Business @ Night - Tax Tip Tuesday.  (Tuesday, December 18th, 2012)

Collins Barrow Ottawa's U.S. Tax Services Principal, Michael Hayward, discusses the tax consequences of investing in the U.S. with Jason McIntyre on CFRA's Business @ Night - Tax Tip Tuesday.  (Tuesday, October 2nd, 2012)

Collins Barrow Ottawa's Tax Partner, Rosa Maria Iuliano, discusses capital losses for couples with Jason McIntyre on CFRA's Business @ Night - Tax Tip Tuesday.  (Tuesday, September 18th, 2012)

Collins Barrow Ottawa's Tax Manager, Tom Hunt, discusses corporate tax audits with Jason McIntyre on CFRA's Business @ Night - Tax Tip Tuesday.  (Tuesday, August 14th, 2012)

Collins Barrow Ottawa's Tax Partner, Rosa Maria Iuliano, discusses rental income issues with Jason McIntyre on CFRA's Business @ Night - Tax Tip Tuesday.  (Tuesday, June 19th, 2012)

Collins Barrow Ottawa's Tax Principal, Michael Hayward, discusses US tax filing requirements for US citizens living abroad with Jason McIntyre on CFRA's Business @ Night - Tax Tip Tuesday.  (Tuesday, March 13th, 2012)