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

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.

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.

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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.

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.

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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.


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.

Continue Reading

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:

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.

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2016 British Columbia Budget

Feb 17, 2016
The B.C. government introduced another balanced budget for 2016, which includes forecast surpluses in all 4 years of the fiscal plan and modest investments in priority areas. The provincial economy is expected to grow by 2.4% in 2016 and 2.3% in 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.

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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.

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.

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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.

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.

Continue Reading

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.

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.

Continue Reading

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.

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.

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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.

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.

Continue Reading
"It’s not the employer who pays the wages. Employers only handle the money. It’s the customer who pays the wages." — Henry Ford