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

Small Business Tax Savings for Farmers

Oct 18, 2017
The income for Canadian farmers is rising. So too is the value of their machinery and equipment. The tax consultants at FBC can help farm operators take advantage of the various tax savings and deductions available to them.

Tags: Farm Taxes, Tax Consultation, Tax Planning

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Changes to the Federal Tax Proposals Announced

Oct 16, 2017
While the government stated that it is committed to its proposed private company tax measures to address tax planning involving income sprinkling effective January 1, 2018, it is cancelling changes to limit access to the Lifetime Capital Gains Exemption (LCGE).

Tags: Farm Taxes, Small Business Taxes, Tax Consultation

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Startups and the Need for Managed Accounting Services

Oct 11, 2017
To seamlessly operate their business, startups should consider hiring a managed accounting service for all of their tax planning, bookkeeping and business planning needs.

Tags: Small Business Taxes, Tax Consultation

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Top Tips for Paying Less Tax as an Independent Contractor in Canada

Oct 04, 2017
To help minimize how much income tax independent contractors pay to the CRA each year, they need to make the most of their deductions and other tax tips.

Tags: Trades Taxes, Tax Consultation

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Nova Scotia Post Election Budget 2017

Sep 27, 2017
Nova Scotia's post election budget is a re-introduction of the budget that was shelved when the election was called for May 30, 2017.

Tags: Tax Consultation

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Voice Your Concerns Regarding Looming Tax Hikes

Sep 26, 2017
Voice your concern about the proposed amendments to how private corporations and small businesses will be taxed. Actions you can take include email Members of Parliament and sign petitions.

Tags: Farm Taxes, Small Business Taxes, Tax Consultation

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3 Ways New Tax Legislation Will Increase Taxes for Small Business Owners

Sep 22, 2017
There are many proposed small business tax changes which can lead to higher taxes; but 3 key items stand out for small business: Sharing Income, Excess Cash Reserves, and Dividends to Extended Family

Tags: Small Business Taxes, Tax Consultation

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3 Ways New Tax Legislation Will Increase Taxes for Farmers

Sep 22, 2017
There are many proposed small business tax changes which can lead to higher taxes; but 3 key items stand out for farmers: Sharing Income, Excess Cash Reserves, and Intergenerational Transfers

Tags: Farm Taxes, Tax Consultation

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Tax Filing Differences Between Employed and Self-Employed Contractors

Sep 20, 2017
Here are some key difference between filing taxes as an employed contractor vs. a self-employed contractor.

Tags: Trades Taxes, Tax Consultation

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Things You Should Know as a Self-Employed Contractor in Canada

Sep 13, 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.

Tags: Trades Taxes, Tax Consultation

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