Blog | FBC, Canada's Farm & Small Business Tax Specialist
When Is the Right Time for a Small Business to Hire a Tax Consultant?

When Is the Right Time for a Small Business to Hire a Tax Consultant?

Jan 17, 2018
Tax professionals provide more than just tax and payroll services, they can help your business at various stages of growth.

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Pros and Cons of Incorporating a Small Business

Pros and Cons of Incorporating a Small Business

Jan 10, 2018
Incorporating a small business provides unique tax benefits not available to unincorporated businesses. FBC can help you decide if it’s right for you.

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Changes to Farm Business Risk Management Programs (AgriStability & AgriInvest

Changes to Farm Business Risk Management Programs (AgriStability & AgriInvest

Jan 08, 2018
The Canadian government has announced a replacement to Growing Forward II, including changes to AgriStability and AgriInvest.

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Tax Tips When Buying a Business in Canada

Tax Tips When Buying a Business in Canada

Jan 03, 2018
If you’re buying a business in Canada, you need to think about the tax implications. Doing so could save the business’ bottom line for years.

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Depending on how it is assessed, Canadian farm operators can reduce the municipal tax rate on their farm by 75%.

Do Canadian Farmers Need to Pay Property Taxes?

Dec 20, 2017
Depending on how it is assessed, Canadian farm operators can reduce the municipal tax rate on their farm by 75%.

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Department of Finance Defines Rules on Income Sprinkling

Dec 14, 2017
Revised measures to the treatment of income sprinkling are designed to ensure that they do not affect family members who make meaningful contributions to a family business. The measures include several automatic, bright-line tests.

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 The Tax Benefits of Donating Life Insurance Policies and Annuities

The Tax Benefits of Donating Life Insurance Policies and Annuities

Dec 13, 2017
The donation of life insurance policies and annuities to registered charities is a great way to benefit a favourite charity and for the donor to receive a taxable benefit from insurance coverage that is no longer needed.

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 Mind Your Minute Book - Annual Filings and Corporate Resolutions

Mind Your Minute Book - Annual Filings and Corporate Resolutions

Dec 06, 2017
Many incorporated companies are not keeping the Minute Book updated. This creates risk for your business, including increased taxes and CRA penalties! FBC is now offering a minute book service to ensure you stay compliant with CRA.

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Gifts of cash to family members generally do not have tax consequences

What's CRA's Position on Family Gifts?

Nov 29, 2017
Canada has no gift tax; however, in some cases a gift can trigger tax rules that could increase your income taxes and prevent a win-win situation for both you and the recipient. Follow these tips to limit the tax burden for giver and receiver.

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Understand the tax ramifications of shareholder loans to avoid significant taxes owing

Corporation Loans Count as Taxable Income

Nov 22, 2017
When shareholders borrow money from a corporation, that money is generally considered taxable income. But this rule, like many CRA rules, has exceptions.

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"Sometimes you can't see yourself clearly until you see yourself through the eyes of others." — Ellen DeGeneres