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

Changes to the Federal Tax Proposals Announced

Oct 16, 2017
While the government stated that it is committed to its proposed private company tax measures to address tax planning involving income sprinkling effective January 1, 2018, it is cancelling changes to limit access to the Lifetime Capital Gains Exemption (LCGE).

Tags: Farm Taxes, Small Business Taxes, Tax Consultation

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Voice Your Concerns Regarding Looming Tax Hikes

Sep 26, 2017
Voice your concern about the proposed amendments to how private corporations and small businesses will be taxed. Actions you can take include email Members of Parliament and sign petitions.

Tags: Farm Taxes, Small Business Taxes, Tax Consultation

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3 Ways New Tax Legislation Will Increase Taxes for Farmers

Sep 22, 2017
There are many proposed small business tax changes which can lead to higher taxes; but 3 key items stand out for farmers: Sharing Income, Excess Cash Reserves, and Intergenerational Transfers

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Government Grants, Subsidies & Contributions for Canadian Agribusinesses

Aug 09, 2017
The federal and provincial governments in Canada provide farmers with many different grants, subsidies, and contributions. Be sure you're taking advantage of all of them.

Tags: Farm Taxes, Tax Consultation

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Intergenerational Land Transfers

Aug 02, 2017
Farmers preparing their wills and succession plans should be aware of the details of the capital gains exemption and the capital gains deduction.

Tags: Farm Taxes, Financial Planning, Tax Planning

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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.

Tags: Farm Taxes, Tax Planning

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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.

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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.

Tags: Farm Taxes, Tax Consultation

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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.

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

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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.

Tags: Farm Taxes, Tax Consultation, Tax Planning

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