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

Consequences of Not Filing Business Tax Returns in Canada

Aug 16, 2017
Business owners that do not file their tax returns or do not report all income can face stiff penalties or even prosecution. The tax experts at FBC will make sure that never happens.

Tags: Small Business Taxes, Tax Preparation

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Nova Scotia Budget Report 2017

May 01, 2017
On April 27, 2017, the Honourable Randy Delorey presented his second budget as Nova Scotia’s Finance and Treasury Board Minister. With an election around the corner, this budget includes new spending on infrastructure, healthcare and education.

Tags: Tax Consultation, Tax Preparation

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Ontario Budget Report 2017

Apr 28, 2017
On April 27, 2017, the Honourable Charles Sousa presented his sixth budget as Minister of Finance. With a growing economy, the Ontario Liberal government produced its first balanced budget in a decade.

Tags: Tax Consultation, Tax Preparation

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Business Taxes You Need To Pay If You Own a Farm

Apr 26, 2017
In addition to understanding farm tax deductions and credits, it’s important for farmers to understand what their farm business tax obligations are.

Tags: Farm Taxes, Tax Consultation, Tax Preparation

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Good Bookkeeping Key to Worry-Free Tax Preparation

Apr 12, 2017
Have good records and a record keeping system will help you understand and appropriately assess impacts of a decision on your income tax liability.

Tags: Bookkeeping, Farm Taxes, Tax Preparation

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Manitoba Budget Report 2017

Apr 12, 2017
On April 11, 2017, the Honourable Cameron Friesen presented his second budget as Minister of Finance. In many respects, this is the first true budget of the Progressive Conservative government as last year’s budget was presented so soon after the provincial election.

Tags: Tax Consultation, Tax Preparation

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Debunking Myths about Small Business Tax Returns

Apr 05, 2017
Tax myths can make filing your tax return stressful. Tax myths can also increase your chances of being audited and reduce your tax return.

Tags: Small Business Taxes, Tax Preparation

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Alberta Budget Report 2017

Mar 17, 2017
On March 16, 2017, the Honourable Joe Ceci, President of Treasury Board and Minister of Finance, presented his third budget and the third budget of Alberta’s NDP government.

Tags: Tax Consultation, Tax Planning, Tax Preparation

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Rules for Principal Residence Deduction

Mar 15, 2017
You don't need to pay any tax on capital gains made from the sale of your principal residence. However, you do need to report the sale of your principal residence. And it gets a little more confusing when it comes to agricultural and farm property.

Tags: Tax Consultation, Tax Preparation

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Tax Changes 2017: Everything You Need to Know

Mar 08, 2017
A number of big changes to Canada’s tax laws in 2017 could affect the bottom line for many small business and farm owners.

Tags: Farm Taxes, Tax Preparation

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