Focused on Taxation

EXPERTISE

Taxation

As a former senior manager in tax at one of Canada’s BIG 4 firms and a tax auditor with the Canada Revenue Agency in Victoria, I have lots of knowledge and experience when it comes to tax. Just as important though, I have a good understanding of small business. While I have worked with some of Canada’s largest businesses – not to mention the occasional unicorn (at last count there were only 17 in all of Canada), I particularly enjoy working with small business.

SR&ED

Canada’s Scientific Research & Experimental Development tax incentive is a kind of secret sauce that helps small Canadian tech companies compete with the best in the world. Over the years I’ve had the opportunity to help innovative Canadian companies recover millions in tax incentives. It begins with an excellent understanding of eligibility (check out my videos on eligibility). It also requires that claimants know what kind of supporting documentation exists – and how to build valid claims.

Focused on taxation & doing it differently

…in 2012 I left one of Canada’s largest CPA firms where I had worked as a senior manager
in their Scientific Research & Experimental Development (aka “SR&ED” or “SHRED”) tax practice…
I wanted to do tax differently…

May 2023

About a year ago, the Chairperson of CPA BC wrote to me offering relief from future membership dues in acknowledge of my more than thirty years as a member of the association and one of its legacy members.

I think she was hopeful that I would want to give back to the community, and support future generations. She was right!

Except that, I wanted to support future generations of small businesses and the professionals working hard to support them. I had no interest in supporting yet another professional organization that sought to extend its monopoly, and the dominance of its most influential member firms. I could no longer accept oversight by an organization that claimed competencies that our members don’t really possess.

I did not want to support the 13 separate professional accounting organizations in Canada, that engage relentlessly in jurisdictional squabbles[1], and claim the ethical superiority of their members in a way that would make even Medieval urban guilds blush[2].

Less than a month ago a story emerged in British Columbia about one Canada’s largest CPA firms. I had worked there for two years as a tax specialist before resigning to start my own specialty practice. The firm was accused of administering a provincial government grant program. At the same time it turns out they were charging a ‘success fee’ for successful applicants[3].

Two years earlier, I had complained to my local professional association that the association itself had resorted to overstating median incomes of BC CPAs[4] in a transparent attempt to attract new members. They are not alone. CPA Canada and CPA Ontario are both doing the same thing.

So, I considered her offer and resigned from membership.

[1] CPA Ontario and CPA Quebec have recently withdrawn from our national organization.

[2] “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” —Adam Smith, observation on urban guilds, 1776

[3] Investigation ordered into B.C. clean energy grant process[4] At the time they were claiming $100,000 and the Canada Job Bank was claiming $62,000. Check for yourself now.

Headquarters

2701 Galley Crescent
Pender Island
BC V0N 2M2

eMail: rob.farrow@robfarrow.net
Phone: (604) 992-3420