Tag: Canadian Tax

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Spring Economic Update 2026 (Ep. 38)

Spring Economic Update 2026 (Ep. 38)

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What actually changed in the Spring Economic Update, and what just sounds important? This episode breaks down what matters, what doesn’t, and where business owners should actually be paying attention.

In this episode, Frankie and Sarah are joined by Rebecca Adrian, CPA, CFP, National Tax Manager at Baker Tilly Canada, to discuss the latest Spring Economic Update and what it means from a practical tax and planning perspective. Together, they cut through the noise to highlight where there are real implications and where things are more about positioning than immediate action.

Frankie, Sarah, and Rebecca discuss: 

  • The overall tone of the Spring Economic Update and why it feels more like a positioning document than a traditional budget
  • Key themes, including balancing long-term economic stability with short-term affordability measures
  • What business owners and taxpayers should (and shouldn’t) be reacting to right now
  • Updates to the Disability Tax Credit and why improved access matters in practice
  • Expanded affordability measures, including changes tied to the GST credit
  • The Labour Mobility Tax Credit and what it signals about broader economic priorities
  • What’s missing around expected tax legislation and guidance
  • Ongoing concerns with dividend suspension rules and the unintended administrative burden they may create
  • Employee Ownership Trusts being made permanent, and what that could mean for succession planning
  • Why this period may signal a return to more stability and better opportunities for proactive planning

Resources:

Connect with Frankie Loreto and Sarah Netley: 

Connect with Rebecca Adrian:

About our Guest: 

Rebecca Adrian is a CPA and CFP and serves as National Tax Manager at Baker Tilly Canada. She specializes in tax planning and policy analysis, with a focus on translating complex legislation into practical insights for advisors and business owners. Rebecca works closely with teams across the country to interpret federal tax developments and guide strategic planning decisions.

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DNU
Essential Tax Advice for Canadians with U.S. Ties with Kevin Tippett (Ep. 24)

Essential Tax Advice for Canadians with U.S. Ties with Kevin Tippett (Ep. 24)

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What does spending your winter in the U.S. mean for your taxes?

Join Frankie Loreto and Sarah Netley as they chat with Kevin Tippet about the ins and outs of Canadian snowbirds managing their tax responsibilities when living or owning property in the United States. Whether it’s the intricacies of the 183-day rule, buying vacation homes, renting them out, or selling them, they break down everything you need to know to avoid unexpected tax obligations.

Kevin shares insights on:

  • Navigating the 183-day residency test for Snowbirds [02:01]
  • Tax filing requirements for renting U.S. properties [05:51]
  • Implications of selling a U.S. vacation property [10:00]
  • How gambling wins (and losses) factor in across the border [13:47]
  • Working remotely in Canada for a U.S. employer and tax pitfalls to avoid [18:39]

Resources:

  • Understanding US Tax Obligations for Canadians with Kevin Tippett (Ep. 23)

Connect with Frankie Loreto and Sarah Netley: 

Connect with Kevin Tippett:

About Our Guest: 

A proud Maritimer originally from Moncton, New Brunswick, Kevin graduated from Mount Allison University with a Bachelor of Commerce, majoring in Accounting. In 2009, he earned his U.S. CPA designation and has built over 20 years of experience specializing in personal cross-border tax, with a focus on Canada and the United States.

After relocating from Moncton to Ottawa, Kevin began his career at a Big Four accounting firm, spending eight years developing expertise in cross-border tax matters, particularly advising employees on temporary assignments between Canada and the United States. Named partner in 2025, Kevin assists with the oversight of the cross-border tax practice, specializing in personal, cross-border income tax compliance, and advisory services.

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Understanding US Tax Obligations for Canadians with Kevin Tippett (Ep. 23)

Understanding US Tax Obligations for Canadians with Kevin Tippett (Ep. 23)

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Want to move to Canada but unsure how it affects your US tax obligations? 

Frankie Loreto and Sarah Netley are joined by US tax expert Kevin Tippett, to dive into the intricacies of tax implications for US citizens living in Canada. Kevin, a tax partner at Baker Tilly’s Ottawa office, brings clarity to a topic that affects many cross-border individuals. They explore key differences between the Canadian and US tax systems and offer detailed insights into the challenges of dual tax obligations.

Kevin shares insights on:

  • Differences in filing between Canada and the US [00:03:01]
  • U.S. citizenship-based taxation challenges [00:04:32]
  • Mechanisms to avoid double taxation [00:07:56]
  • Importance of filing to avoid penalties [00:09:05]
  • Navigating voluntary disclosure [00:11:16]

Resources:

Connect with Frankie Loreto and Sarah Netley: 

Connect with Kevin Tippett:

About Our Guest: 

A proud Maritimer originally from Moncton, New Brunswick, Kevin graduated from Mount Allison University with a Bachelor of Commerce, majoring in Accounting. In 2009, he earned his U.S. CPA designation and has built over 20 years of experience specializing in personal cross-border tax, with a focus on Canada and the United States.

After relocating from Moncton to Ottawa, Kevin began his career at a Big Four accounting firm, spending eight years developing expertise in cross-border tax matters, particularly advising employees on temporary assignments between Canada and the United States. Named partner in 2025, Kevin assists with the oversight of the cross-border tax practice, specializing in personal, cross-border income tax compliance, and advisory services.

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