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.

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.

Tags: Farm Taxes, Tax Consultation

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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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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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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.

Tags: Bookkeeping, Farm Taxes

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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. 


Tags: Farm Taxes, Tax Consultation

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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.

Tags: Farm Taxes, Tax Consultation, Tax Preparation

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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.

Tags: Bookkeeping, Farm Taxes, Tax Preparation

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Expert Advice for Starting a Small Farm Business

Feb 22, 2017
Operating a small farm business can be very satisfying, but to be financially successful, you also need to have a smart business and tax plan in place.

Tags: Farm Taxes, Tax Consultation

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Questions to Ask When Hiring a Tax Preparer

Feb 01, 2017
Hiring a tax preparer can be difficult. Asking the right questions can make the process a lot simpler.

Tags: Farm Taxes, Small Business Taxes, Tax Preparation

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