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

The Importance of Tax Planning and Managed Accounting for Farmers

Oct 12, 2016
Explaining important functions that tax planners and managing accountants can help farms with.

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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How You Can Pay Less Tax with a Year-End Tax Plan

Sep 21, 2016
A year-end tax plan presents an opportunity for you to minimize your taxes and improve your financial position come tax season next spring; resulting in a larger tax return or at least a lot less tax owing.

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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2016 Saskatchewan Ministry of Agriculture Budget Summary

Jun 01, 2016
2016 Saskatchewan Ministry of Agriculture Budget presented by Agriculture Minister Lyle Stewart brings increased investment to keep agriculture strong

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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2016 Manitoba Budget Report

May 31, 2016
Recent Manitoba budget reports that the financial situation for the province has worsened and the revised budget deficit for the 2015/16 fiscal year is now $1.011 billion which is up from the $422 million deficit predicted in last year’s budget.

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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New Intangible Property Rules

May 11, 2016
The 2016 Federal Budget introduced draft legislation that will directly affect depreciation, Capital Cost Allowance (CCA), of intangible assets, such as, goodwill tied up in a farm or small business, licenses, customer lists, franchises, farm quotas or distribution rights.

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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2016 Nova Scotia Budget

Apr 20, 2016
With a focus on economic growth, youth, education and responsible fiscal management, Nova Scotia finances have strengthened with surpluses predicted for each year of the government’s 4-year fiscal plan. 2016 Nova Scotia budget.

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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2016 Alberta Budget Report

Apr 14, 2016
On April 14, 2016, the Honourable Joe Ceci, President of Treasury Board and Minister of Finance, presented his second budget and the second budget of Alberta’s NDP government.

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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Crop Share: Farm or Rental Income?

Mar 16, 2016
CRA considers that a crop share received by a landowner is rental income and not income from farming. However, you could be considered to be in the business of farming if the sharecropper is an employee who receives a crop share in lieu of salary.


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

2016 British Columbia Budget

Feb 17, 2016
The B.C. government introduced another balanced budget for 2016, which includes forecast surpluses in all 4 years of the fiscal plan and modest investments in priority areas. The provincial economy is expected to grow by 2.4% in 2016 and 2.3% in 2017.

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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FBC is a Proud Partner of Ag More Than Ever

Oct 14, 2015
Let’s tell the real story of Canadian agriculture, together.

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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"Fortune sides with him who dares." — Virgil