Founded by George A. Welch in 1918, Welch LLP is the 14th largest full service Chartered Accounting firm in Canada, headquartered in Ottawa. In addition to traditional auditing services, we provide expert business advice to clients in accounting, taxation (including tax advice on cross-border business ventures), business valuation, wealth management and succession planning in the private, government and not-for-profit sectors. Welch has recently added a consulting arm (WelchGroup Consulting) to help small to medium size businesses build value and transferability. Welch has over 250 staff members in 12 offices throughout Ontario and Quebec.

As a highly respected bilingual firm with a longstanding heritage in the community, Welch has had a major influence in the business life in Ontario. Welch is the largest locally owned and operated firm in the region.

For over 90 years Welch LLP has been fortunate to work with an exceptional group of clients that includes some of the largest and most successful Ottawa based businesses and not-for-profit organizations. The depth of our highly trained team coupled with a strong service-oriented culture has meant that our clients enjoy a range of services and expertise typically available only from a national firm.

When we're not busy working away at our clients' financial matters, we are actively involved in the community. Our Partners and staff sit on the boards of many charities and not-for-profit organizations. We also sponsor programs and events that support health related and educational causes. We believe that companies should make a difference and have an obligation to reach out and help fellow citizens.

We go further into your business issues. We think harder about what should be done. We work closely with you to build a solid relationship so we can fine-tune your financial systems and continuously improve how you run your business. We strive to be more than just your accountant; we are your business experts.

Welch LLP

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“The income tax treatment for cryptocurrency miners is different depending on whether their mining activities are a personal activity (a hobby) or a business activity. This is decided case by case. A hobby is generally undertaken for pleasure, entertainment or enjoyment, rather than for business reasons. But if a hobby is pursued in a sufficiently commercial and businesslike way, it can be considered a business activity and will be taxed as such.” - from the CRA’s Guide for cryptocurrency users and tax professionalsIndividuals who are income tax residents of Canada are taxed on their worldwide income, including any income earned from cryptocurrency mining. Be aware that due to the large fluctuations in daily activity across trading platforms, tax authorities may take the average of the opening and closing values of the day, and also average values across a number of major exchanges.The CRA has indicated that cryptocurrency mining is a taxable business for Canadian tax purposes due to the fact that miners generate revenue from the sale of cryptocurrencies.

he Ottawa Business Growth Survey is the largest and most comprehensive survey of businesses located in the region. The survey provides insight into the region’s business community. It was conducted in spring 2016 and gathered input from mostly owners, presidents and CEOs from 20+ different sectors.

Survey Results Include:
Overall business confidence index, Succession planning, Growth rates of local business,Business and politicsPossible barriers to local economic growth and more. 

Ottawa Business Growth Survey

What is a business transition?

In its simplest terms, a business transition is an event or transaction that results in a change in the effective ownership of a business.

In this guide we will be dealing with how an owner of a business can put their company in the best position to influence the subsequent terms of the change of ownership.

Business to Business Transitions

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Welch LLP Website

Welch Capital Partners

Welch LLP is a Chartered Professional Accounting firm that provides a full range of accounting, assurance, tax, advisory and specialty services.

Welcome to Welch LLP

Welch LLP has been delivering quality service since 1918. Some of our clients have been with us for 60+ years! Here is what our clients say about their experiences with Welch LLP - welchllp.com/testimonials

How would you describe Welch LLP?

At Welch LLP we pride ourselves on delivering quality service to our clients on time and on budget. Here is a snapshot of what some of our clients have to say about their experiences working with Welch LLP in Toronto.

Welch LLP Toronto - Client Testimonials

Angie Poirier of BellMedia and Adam Cote of Referral Mortgages discuss their family's experience working with Youcef Lekadir of Welch LLP.

Welch LLP - Angie Poirier & Adam Cote Testimonial

Cathy Logue speaks on why she chose to work with Welch LLP - "The advantage of working with a firm like Welch is that they are tremendously hands-on, when you have a business issue, you're talking to one of the partners of the firm."

Welch LLP Toronto - Stanton Chase Testimonial

Hrvoje Muhek of Marché Restaurants gives his thoughts on working with Welch LLP Toronto - "We had questions related to tax advisory and multi-national corporations and Welch has been very professional and timely in providing us the answers that we need."

Welch LLP Toronto - Marché Restaurants Testimonial

Marc Papineau of RE/MAX Core Inc. and owner of Supplement King Nepean describes his experience working with Youcef Lekadir of Welch LLP.

Welch LLP - Marc Papineau Testimonial

how-is-cryptocurrency-taxed-for-miners

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