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

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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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.

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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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.

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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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.

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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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.

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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Alberta Budget Report 2018

Alberta Budget Report 2018

Mar 23, 2018
Alberta faces 5 more years of deficit and billions of dollars in mounting debt before it sees a balance sheet back in the black. It tells a story of an economy still recovering from a lingering oil price shock and struggling with the market access problems with its crude.

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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What Are the Benefits of Filing Taxes Early?

What Are the Benefits of Filing Taxes Early?

Mar 14, 2018
For small businesses owners, there are a lot of benefits to filing your taxes early. FBC can tell you why.

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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Manitoba Budget Report 2018

Manitoba Budget Report 2018

Mar 13, 2018

Keeping Our Promises … Real Progress for Manitobans

On March 12, 2018, the Honourable Cameron Friesen presented his third budget as Minister of Finance.  

The budget contains several tax measures affecting individuals and corporations.

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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Top Myths about Canadian Small Business Tax Audits

Debunking Canadian Tax Audit Myths

Feb 07, 2018
These myths about tax audits could increase your likelihood of getting audited. The tax professionals at FBC will help separate tax fact from fiction.

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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Finding the Right Small Business Tax Specialist

Finding the Right Small Business Tax Specialist

Jan 31, 2018
To avoid tax-related problems and issues with the Canada Revenue Agency, hire FBC, an experienced tax preparer that works exclusively with small businesses, farm operators, and independent contracts.

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