Blog | FBC, Canada's Farm & Small Business Tax Specialist
Passive Income for Private Corporations

Tax Increases in 2018 Affect Passive Income for Private Corporations

May 30, 2018
Investment income, also known as passive income, is being targeted in a big way. Passive income generally is defined as anything non-active, such as interest, dividends, rental and royalty income and capital gains and it appears the government is taking a two-step approach to managing it.

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Tax strategies for Canadian Entrepreneurs

Small Business Tax Planning Strategies for Canadian Entrepreneurs

May 23, 2018
There are a lot of tax strategies that Canadian entrepreneurs can take advantage of to decrease their taxes and increase their income.

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Maintaining Minute Books Are a Legal Necessity for Incorporated Canadian Businesses

Why Maintaining Minute Books Are a Legal Necessity for Incorporated Canadian Businesses

Apr 18, 2018
Keeping a Minute Book is a legal requirement for all Canadian corporations. Maintaining a Minute Book can make a business more efficient and result in paying less tax.

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Saskatchewan Budget Report 2018

Saskatchewan Budget Report 2018

Apr 11, 2018
On April 10, 2018, Finance Minister Donna Harpauer delivered her first budget as Finance Minister. The Finance Minister pointed to the province’s continued shift away from a reliance on natural resource revenue as a positive sign for the economy: Natural resource revenue is projected to make up 10% — or $1.48 billion — of what the province brings in.

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Everything You Need to Know About Foreign Investment Taxes

Everything You Need to Know About Foreign Investment Taxes

Apr 11, 2018
Canadian residents need to pay Canadian income tax on foreign investments. Understanding the taxation rules of foreign investments can help minimize your tax burden.

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Ontario Budget Report 2018

Ontario Budget Report 2018

Mar 29, 2018
The 2018 Ontario budget contains several tax measures affecting individuals and corporations, including the elimination of the high-income surtax from the calculation of total Ontario personal income tax.

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Calculating Taxes when Day Trading in Canada

Calculating Taxes when Day Trading in Canada

Mar 28, 2018
Are you a day trader or a non-professional trader? Knowing the difference will have a big impact on your taxes.

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Alberta Budget Report 2018

Alberta Budget Report 2018

Mar 23, 2018
Alberta faces 5 more years of deficit and billions of dollars in mounting debt before it sees a balance sheet back in the black. It tells a story of an economy still recovering from a lingering oil price shock and struggling with the market access problems with its crude.

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Are Bitcoin Gains Taxable?

Are Bitcoin Gains Taxable?

Mar 21, 2018
In Canada, using Bitcoin for purchases is considered a barter transaction. Transactions using a cryptocurrency are subject to GST/HST and any gain or loss arising on the disposition of the cryptocurrency can be considered business income or a capital gain or loss and depends on the circumstances of the transaction.

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What Are the Benefits of Filing Taxes Early?

What Are the Benefits of Filing Taxes Early?

Mar 14, 2018
For small businesses owners, there are a lot of benefits to filing your taxes early. FBC can tell you why.

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