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The tax implications of selling your business

Nov 08, 2019
Selling your business to a family member has significant tax implications. Find out how an arm's length deal and a non-arm's-length deal are treated by the CRA.

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

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FBC Reviews

Nov 06, 2019
We love hearing from farmers and small business owners on what they like about being a FBC Member. Read some of our favourite FBC reviews.

Tags: Bookkeeping, Farm Taxes, Financial Planning, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation, Trades Taxes

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Understanding the Registered Disability Savings Plan

Oct 30, 2019
Do you have a disability or a child with a disability? Are you worried about saving for retirement? Then you should open a Registered Disability Savings Plan (RDSP) to help you start building long-term savings.

Tags: Farm Taxes, Financial Planning, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation, Trades Taxes

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Alberta budget report 2019

Oct 28, 2019
On Oct. 24, 2019, Alberta Finance Minister Travis Toews presented the province’s fiscal 2019–20 budget. Our tax analysts have reviewed the updates and listed the highlights.

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

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What are the tax implications of the Liberal win?

Oct 25, 2019

Justin Trudeau’s Liberal Party is back in power, but as a minority government this time after the general election on Oct. 21, 2019.

The Liberals proposed several changes in their election platform that could have tax implications for small business owners and farmers.

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What is the RESP and how does it work?

Oct 11, 2019
Are you worried about saving for your child’s education after high school? Learn more about the RESP and how you can start saving now for your children's future, and get a boost from the Canadian government.

Tags: Financial Planning, Tax Consultation, Tax Planning, Tax Preparation

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Why farm succession planning is so important

Sep 30, 2019
Having an estate plan that includes a Will is critical to having your assets distributed as you wished through the hands of your chosen executor after your death. Without a Will, the courts may appoint someone to liquidate or distribute your assets in a manner you might never have intended.

Tags: Farm Risk Management, Farm Taxes, Financial Planning, Tax Consultation, Tax Planning, Tax Preparation

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FBC Reviews: September 2019

Sep 26, 2019
We love getting feedback on FBC Reviews, a collection of testimonials, reviews and opinions from our Members. If you want to read more about why our Members love our year-round, personalized, all-in-one solution for their farm or small business, here are some of our favourite reviews from the website.

Tags: Farm Taxes, Financial Planning, Small Business Taxes, Tax Consultation, Tax Planning, tax representation

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Should I use a RRSP or TFSA as a business owner?

Sep 18, 2019
Are you investing in a RRSP or TFSA? If you’re not, you’re missing out on tax savings.

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

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How to keep a CRA mileage log for vehicle expenses

Sep 13, 2019
If you’re self-employed and using your vehicle for business use, are you keeping a mileage log? If you’re audited by the Canada Revenue Agency (CRA), and you don’t have one, the CRA could reject your claims for motor vehicle expenses. Avoid CRA scrutiny with our tips and tricks on keeping a mileage log.

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

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"Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time." — Johann Wolfgang von Goethe