Blog | FBC, Canada's Farm & Small Business Tax Specialist
Tax Management Strategies for Farm Operators

Tax Management Strategies for Farm Operators

Apr 25, 2018
Effective tax management strategies for farmers means not scrambling at the end of the year for ways to reduce or defer tax bills.

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Maintaining Minute Books Are a Legal Necessity for Incorporated Canadian Businesses

Why Maintaining Minute Books Are a Legal Necessity for Incorporated Canadian Businesses

Apr 18, 2018
Keeping a Minute Book is a legal requirement for all Canadian corporations. Maintaining a Minute Book can make a business more efficient and result in paying less tax.

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Saskatchewan Budget Report 2018

Saskatchewan Budget Report 2018

Apr 11, 2018
On April 10, 2018, Finance Minister Donna Harpauer delivered her first budget as Finance Minister. The Finance Minister pointed to the province’s continued shift away from a reliance on natural resource revenue as a positive sign for the economy: Natural resource revenue is projected to make up 10% — or $1.48 billion — of what the province brings in.

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Trans Pacific Partnership is Signed!

Trans Pacific Partnership is Signed!

Mar 26, 2018
The Comprehensive & Progressive Trans-Pacific Partnership (CPTPP) agreement (formerly the 11-member Trans-Pacific Partnership agreement, or TPP-11) was signed by its member states, including Canada, on 8 March 2018. The agreement covers a market of 495 million people with a combined GDP of CAD$13.5 trillion, or nearly 13.5% of global GDP.

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What Are the Benefits of Filing Taxes Early?

What Are the Benefits of Filing Taxes Early?

Mar 14, 2018
For small businesses owners, there are a lot of benefits to filing your taxes early. FBC can tell you why.

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British Columbia Budget Report 2018

Feb 21, 2018
On 20 February 2018, British Columbia Finance Minister Carole James tabled the province’s fiscal 2018–19 budget. The budget contains several tax measures affecting individuals and corporations.

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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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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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BC Wildfire Recovery Programs Available for Farmers, Small Business Owners and Families

Nov 09, 2017
To assist families and businesses in recovering from the damages caused by emergencies both this year and in future years, the Province is developing a recovery plan and working to deliver support as and where they are needed.

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"Wealth after all is a relative thing since he that has little and wants less is richer than he that has much and wants more." — Charles Caleb Colton