Are Bitcoin Gains Taxable?

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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Manitoba Budget Report 2018

On March 12, 2018, the Honourable Cameron Friesen presented his third budget as Minister of Finance.   The budget contains several tax measures affecting individuals and corporations.

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AgriStability Changes for 2018 - Simplified Application Process

The Canadian Agricultural Partnership (CAP), launched in the 2018 Program year, is a five-year federal-provincial-territorial funding agreement that governs agriculture-specific programs including Business Risk Management (BRM) programs such as Crop Insurance, AgriStability, Western Livestock Price Insurance and AgriInvest.

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The Impact of Canada’s New Federal Budget on Small Business Owners

The 2018 budget contains a number of key initiatives that will affect small business owners. What’s missing from the budget is also important too.

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British Columbia Budget Report 2018

On 20 February 2018, British Columbia Finance Minister Carole James tabled the province’s fiscal 2018–19 budget. The budget contains several tax measures affecting individuals and corporations.

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The Importance of Accurate Financial Reporting for Small Business Growth

Accurate, up-to-date financial reporting and financial planning can help small business owners run their businesses more efficiently and be more profitable.

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Finding the Right Small Business Tax Specialist

To avoid tax-related problems and issues with the Canada Revenue Agency, hire FBC, an experienced tax preparer that works exclusively with small businesses, farm operators, and independent contracts.

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When Is the Right Time for a Small Business to Hire a Tax Consultant?

Tax professionals provide more than just tax and payroll services, they can help your business at various stages of growth.

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Pros and Cons of Incorporating a Small Business

Incorporating a small business provides unique tax benefits not available to unincorporated businesses. FBC can help you decide if it’s right for you.

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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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