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

Do You Have to Pay Self-Employment Tax if You Have Farm Income?

Dec 07, 2016
Self-employed farmers need to report their income and losses to the Canada Revenue Agency just like any other business owner. But farmers also get special tax breaks.

Tags: Farm Taxes, Tax Planning, Tax Preparation

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How Farming Can Help Businesses Save on Taxes

Oct 19, 2016
There are a large number of tax breaks that Canadian farmers can take advantage of to reduce their tax burden.

Tags: Farm Taxes, Tax Planning, Tax Preparation

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The Importance of Tax Planning and Managed Accounting for Farmers

Oct 12, 2016
Explaining important functions that tax planners and managing accountants can help farms with.

Tags: Farm Taxes, Financial Planning, Tax Planning

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How You Can Pay Less Tax with a Year-End Tax Plan

Sep 21, 2016
A year-end tax plan presents an opportunity for you to minimize your taxes and improve your financial position come tax season next spring; resulting in a larger tax return or at least a lot less tax owing.

Tags: Farm Taxes, Tax Consultation, Tax Planning, Tax Preparation

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View Our Library of Tax Saving eBooks to Add to Your Reading List

Aug 31, 2016
FBC continually researches and keeps up to date on the ever changing tax law and how they affect farmers and small business owners. Check out these eBooks and Infographics.

Tags: Tax Consultation, Tax Planning

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Tax Consequences of Divorce

Jul 06, 2016
No one enters a relationship with the plan to later part ways, but it does happen and there are tax consequences to consider if it does.

Tags: Financial Planning, Tax Consultation, Tax Planning

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2016 Manitoba Budget Report

May 31, 2016
Recent Manitoba budget reports that the financial situation for the province has worsened and the revised budget deficit for the 2015/16 fiscal year is now $1.011 billion which is up from the $422 million deficit predicted in last year’s budget.

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

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2016 Alberta Budget Report

Apr 14, 2016
On April 14, 2016, the Honourable Joe Ceci, President of Treasury Board and Minister of Finance, presented his second budget and the second budget of Alberta’s NDP government.

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

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Crop Share: Farm or Rental Income?

Mar 16, 2016
CRA considers that a crop share received by a landowner is rental income and not income from farming. However, you could be considered to be in the business of farming if the sharecropper is an employee who receives a crop share in lieu of salary.


Tags: Farm Taxes, Tax Consultation, Tax Planning

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2016 Ontario Budget

Feb 25, 2016
“Jobs For Today & Tomorrow!” On February 25, 2016, the Honourable Charles Sousa presented his 5th budget as Minister of Finance. Continuing on its path to balance the budget in 2017-18, the government’s plan for economic growth and job creation focuses on 4 tenets:

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

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"Formal education will make you a living; self-education will make you a fortune." — Jim Rohn