Blog | FBC, Canada's Farm & Small Business Tax Specialist

Effective Tax Planning Strategies for Canadian Farmers

Jul 12, 2017
Effective tax planning for Canadian farmers helps minimize the amount of after-tax income and maximize any tax obligations.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Important Tax Obligations for Canadian Farmers

Jun 28, 2017
There are specific tax obligations that relate only to Canadian farm businesses and tax planning. Follow these important tax obligations for farm businesses in Canada.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Benefits of Working with an Accountant for Your Farming Business

Jun 21, 2017
A tax consultant with extensive, first-hand knowledge of Canada’s complex farming tax code can help farmers reduce their taxes, grow their business, and stay profitable and competitive.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Summary of 2017 Federal and Provincial Budgets

Jun 07, 2017
Review what tax credits stayed and which are removed from the recent federal and provincial budget releases. The good news is that most jurisdictions did not raise taxes.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Facts About Full-Time, Part-Time, and Hobby Farming Taxes

May 31, 2017
Whether you operate a full-time, part-time, or hobby farm, there are unique farming tax deductions you need to be aware of.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Importance of Keeping Good Farm Records and Accounting for Agricultural Businesses

May 17, 2017
Running a successful farm means being a good producer and being a financial manager. Keeping accurate records makes a farm more productive and profitable.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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When Should You Collect GST/HST?

May 03, 2017
Most sales are subject to GST/HST in Canada.
 However, the sale of most farm products are considered zero-rated. 
The challenge is that not all farm products are zero-rated, and the list is huge. 


While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Business Taxes You Need To Pay If You Own a Farm

Apr 26, 2017
In addition to understanding farm tax deductions and credits, it’s important for farmers to understand what their farm business tax obligations are.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

Good Bookkeeping Key to Worry-Free Tax Preparation

Apr 12, 2017
Have good records and a record keeping system will help you understand and appropriately assess impacts of a decision on your income tax liability.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

Saskatchewan Budget Report 2017

Mar 27, 2017
The Saskatchewan budget presented on March 22, 2017 by Finance Minister Kevin Doherty includes material changes to personal, corporate and provincial sales tax rates.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading
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