RLB Blog

Bare trust returns are due for the first time for the 2026 taxation year  Beginning with the 2026 taxation year, the Canada Revenue Agency (CRA) requires bare trusts to file an annual return. These rules can apply to everyday arrangements where one person holds property in their name on someone else's behalf. Because they apply to family and business arrangements that most people would not think of as a trust, they are worth reviewing before year-end. Returns for the 2026 taxation year are due March 31, 2027. 

Owning and operating a poultry farm often requires significant ongoing investment, whether you are upgrading equipment, improving efficiency, or planning for future growth. For eligible poultry and egg producers, the Poultry and Egg On-Farm Investment Program (PEFIP) may help offset some of those costs. 

The 2026 federal budget changes were announced on November 5, 2026 and focus on simplifying tax compliance, expanding support for research and development, making it easier to transfer farm and fishing property within a family, and expanded incentives for selling a small business. Some changes that many had anticipated were not included. There were no changes to tax rates or to the bare trust reporting requirements. 

RLB LLP NAMED ONE OF FIVE CANADIAN "BEST OF THE BEST" FIRMS BY INSIDE PUBLIC ACCOUNTING FOR THIRD CONSECUTIVE YEAR

Ontario Agriculture Week gave us an opportunity to recognize the hard work, innovation, and resilience of farmers across our province. It also served as an important reminder of the increasing complexity of running a successful agricultural business, from rising input costs and labour challenges to fluctuating markets and succession considerations.

A performance review should summarize an ongoing conversation, not create a once-a-year surprise.

RLB is celebrating our 75th anniversary in 2026! What better way to celebrate than with a huge Block Party with the people who are most important to us. 

For many years, Ontario employers have faced significant challenges with termination clauses in employment contracts. Well-drafted agreements, carefully prepared by experienced legal professionals, were being contested by courts over single words or phrases that judges interpreted as potentially violating the Employment Standards Act. This left many businesses vulnerable to costly wrongful dismissal claims, even when they believed their contracts were strong. But in August 2026, the Ontario Court of Appeal announced a decision that changed how employment contracts are enforced in Ontario.

A family-business succession plan may take years to develop. The successor is chosen, ownership arrangements are set and a transition date is selected. But approving the plan is only the beginning.

Growth is an exciting milestone for any business. It often means increased demand, new opportunities, and a chance to expand your impact. But growth can also bring new challenges, particularly when it comes to people, leadership, and organizational structure.