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

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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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.

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

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2017 Canadian Federal Budget Impact to Agriculture

Mar 24, 2017
Read the following reviews from agriculture groups across Canada learn about the impact of the federal budget on agriculture.

Tags: Farm Taxes, Tax Consultation, Tax Planning

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Tax Changes 2017: Everything You Need to Know

Mar 08, 2017
A number of big changes to Canada’s tax laws in 2017 could affect the bottom line for many small business and farm owners.

Tags: 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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Canadian Farming: Are Farming Losses Always Fully Deductible?

Jan 25, 2017
Can Canadian farmers claim all farming losses on their taxes? It depends if the primary source of income comes from farming.

Tags: Farm Taxes, Tax Preparation

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