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

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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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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Maximize Your Savings With a Personalized Tax Plan

Feb 10, 2016
As a small business owner, you need to spend as much time as possible analyzing and optimizing your tax return.

Tags: Tax Planning

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15 Tax Tips for 2016 [Part 1 of 3]

Jan 20, 2016
The following are 5 tax tips that you should aim for in 2016. By being conscientious about them, you could reach your financial goal before the year is over, bolstering your confidence by proving you have what it takes to accomplish your goals.

Tags: Tax Consultation, Tax Planning, Tax Preparation

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How Taxes Can Affect Business Decisions on the Farm

Sep 09, 2015
Tax planning has to be an integral part of your day-to-day operations. If you're not taking steps year-round to minimize the amount you'll eventually have to pay in taxes, then you're costing your business huge amounts of money that you'll never get back.

Tags: Farm Taxes, Tax Consultation, Tax Planning

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Frequently Asked Questions: CRA audits

Jul 15, 2015
The prospect of being selected for an audit by the CRA is likely a scary one for many business owners.

Tags: Audit Representation, Tax Planning

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Farmer's Tax Calendar [Infographic]

Jul 13, 2015
Your calendar revolves around the planting season, not government program deadlines and taxes. This quick reminder of important dates for the year will help keep you growing and ensure you don't miss any tax deadlines which could incur interest and penalities.

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

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