Tax Tips When Buying a Business in Canada

If you’re buying a business in Canada, you need to think about the tax implications. Doing so could save the business’ bottom line for years.

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Do Canadian Farmers Need to Pay Property Taxes?

Depending on how it is assessed, Canadian farm operators can reduce the municipal tax rate on their farm by 75%.

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Department of Finance Defines Rules on Income Sprinkling

Revised measures to the treatment of income sprinkling are designed to ensure that they do not affect family members who make meaningful contributions to a family business. The measures include several automatic, bright-line tests.

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Corporation Loans Count as Taxable Income

When shareholders borrow money from a corporation, that money is generally considered taxable income. But this rule, like many CRA rules, has exceptions.

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How Small Business Owners Can Pay Less Tax

Using the tax professionals at FBC can help Canadian small business owners maximize their deductions and credits and minimize their tax burden.

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BC Wildfire Recovery Programs Available for Farmers, Small Business Owners and Families

To assist families and businesses in recovering from the damages caused by emergencies both this year and in future years, the Province is developing a recovery plan and working to deliver support as and where they are needed.

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Expert Tips for Filing Your Business Taxes

General tax tips can help Canadians save thousands of dollars come tax time. When it comes to filing more complicated business taxes, call the tax professionals at FBC.

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

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Fall Economic Update from Canada’s Finance Minister

Canada Finance Minister Bill Morneau’s fall economic makes consequential adjustments to the dividend tax credit rate and enhances the Canada Child Benefit, in addition to confirming the recent updates around the July 19 consultation paper on small business corporation tax loopholes.

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Converting Regular Income to Capital Gains

Government not moving forward with small business tax measures relating to the conversion of income into capital gains.

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Proposed Changes to How Passive Income is Taxed

Finance Minister Bill Morneau issued an announcement outlining how he intends to proceed with changes to how passive income earned in private companies is taxed.

Tags: Farm Taxes, Small Business Taxes, Tax Consultation

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