a photo of a visa gift card, which is a non-cash benefit in the eyes of the CRA

Taxing non-cash benefits to employees

Feb 05, 2020
A non-cash benefit includes a good, service or property you own that you give to your employee. If that property is paid for by you and provided to your employee, it is still considered a benefit of employment. Find out how these benefits are taxed.

Tags: Farm Taxes, Tax Consultation, Tax Planning, Tax Preparation, Trades Taxes

Continue Reading
Year End Tax Planning Toolkit for Small Business Owners

Free eBook: Tax Readiness Toolkit

Jan 27, 2020
Download a free tax readiness toolkit for small business owners.

Tags: Farm Taxes, Small Business Taxes , Trades Taxes, Tax Planning, Tax Preparation, Tax Consultation

Continue Reading
a man is on his laptop and rubbing his forehead in frustration from dealing with the CRA

What Canadians think about the CRA's customer service

Jan 22, 2020
Canadians told the CRA what they think about the CRA's customer service in a series of consultations last spring. The CRA recently released the full report and we summarize what Canadians want improved.

Tags: Farm Taxes, Small Business Taxes, Trades Taxes, Tax Consultation, Tax Planning, Tax Preparation

Continue Reading
a man researches farm tax deductions on his cellphone while standing in front of a tractor

Tax deductions for Canadian farmers

Jan 15, 2020

If you’re a farmer or agricultural producer, you can deduct certain expenses you incurred to earn your income.

Tags: Farm Taxes, Tax Consultation, Tax Planning, Tax Preparation

Continue Reading
picture of a man handing a box of farm goods over to family

Know the rules when paying family for farm work

Jan 08, 2020
Find out what the CRA requires from you when you're paying your family for farm work.

Tags: Farm Taxes

Continue Reading
a person typing on a laptop with the text FBC reviews

FBC Reviews: January 2020

Jan 01, 2020
We’re honoured when we get feedback from small business owners and farmers on what they like about FBC’s year-round Membership model. Here are some of our favourite recent FBC reviews collected through Rocket Referrals.

Tags: Farm Taxes, Small Business Taxes , Tax Planning, Tax Consultation, Tax Preparation, Trades Taxes

Continue Reading
couple looking at a phone and discussing canada pension plan benefits

Should I take my Canada Pension Plan benefits early?

Dec 16, 2019
Find out if you should start collecting your Canada Pension Plan benefits as early as one month after you turn 60 or as late as age 70.

Tags: Farm Taxes, Small Business Taxes, Tax Consultation, Tax Preparation, Tax Planning, Trades Taxes

Continue Reading
small business owner examines receipts for tax deductions

Top small business tax deductions

Dec 09, 2019

If you’re self-employed or a small business owner, you know how quickly business expenses can add up.

Luckily, there are plenty of tax deductions you can take advantage of to lower your taxes.

Tags: Bookkeeping, Farm Taxes, Small Business Taxes, Trades Taxes, Tax Consultation, Tax Preparation, Tax Planning

Continue Reading
someone on a cellphone looking at FBC Reviews

FBC Reviews: December 2019

Dec 02, 2019
Read our favourite reviews from farmers and small business owners. They tell us what they love about being a FBC Member.

Tags: Farm Taxes, Small Business Taxes, Tax Consultation, Tax Planning , Tax Preparation, Trades Taxes

Continue Reading
a stack of gold coins that represents converting RRSP to RRIF

Converting an RRSP to an RRIF

Nov 26, 2019
Find out when you must convert your RRSP to an RRIF, and how to reduce your tax liability.

Tags: Farm Taxes, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation, Trades Taxes

Continue Reading