Blog | FBC, Canada's Farm & Small Business Tax Specialist
Restricted Farm Losses: The Plight of the Part-Time Farmer

Restricted Farm Losses: The Plight of the Part-Time Farmer

Dec 12, 2018
Farm losses may be used to offset other sources of income so long as the chief source of income of a taxpayer is generated through the business of farming.

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Five Small Business Tax Credits for Canadian Business Owners

5 Overlooked Small Business Tax Credits

Sep 26, 2018
Many small business owners do not know that there are a large number of tax credits they can use to reduce their tax burden.

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Eligible Meal and Lodging Expenses for Long-Haul Truck Drivers in Canada

Meals, Lodging, and Showers – Tax Basics for Long-Haul Trucking

Sep 19, 2018
Eligible Meal and Lodging Expenses for Long-Haul Truck Drivers in Canada. Long-haul truckers in Canada are allowed to make a large number of tax deductions. Knowing what is eligible can help minimize your tax burden.

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Top Tax Saving Tips for Small Business Owners in Canada

Smart Tax Saving Tips for Canadian Small Business Owners

Jun 13, 2018
If you’re looking for some small business tax saving tips, the following options can really pay off.

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Tax Tips: Reporting Self-Employment Income

Tax Tips: Reporting Self-Employment Income

Jun 06, 2018
Understanding the tax benefits of being self-employed can greatly reduce your tax obligation and increase your after-tax income.

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Cash Accounting for Farmers

Cash Accounting for Farmers

May 02, 2018
Farm businesses have special status under certain provisions of the Canadian Income Tax Act (ITA). Along with fishing operations, farmers can use the cash method of accounting (or cash accounting) for reporting income for income tax purposes.

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Tax Management Strategies for Farm Operators

Tax Management Strategies for Farm Operators

Apr 25, 2018
Effective tax management strategies for farmers means not scrambling at the end of the year for ways to reduce or defer tax bills.

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Saskatchewan Budget Report 2018

Saskatchewan Budget Report 2018

Apr 11, 2018
On April 10, 2018, Finance Minister Donna Harpauer delivered her first budget as Finance Minister. The Finance Minister pointed to the province’s continued shift away from a reliance on natural resource revenue as a positive sign for the economy: Natural resource revenue is projected to make up 10% — or $1.48 billion — of what the province brings in.

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Ontario Budget Report 2018

Ontario Budget Report 2018

Mar 29, 2018
The 2018 Ontario budget contains several tax measures affecting individuals and corporations, including the elimination of the high-income surtax from the calculation of total Ontario personal income tax.

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Calculating Taxes when Day Trading in Canada

Calculating Taxes when Day Trading in Canada

Mar 28, 2018
Are you a day trader or a non-professional trader? Knowing the difference will have a big impact on your taxes.

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