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

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

Continue Reading

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

Continue Reading

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

Continue Reading

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

Continue Reading

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

Continue Reading

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

Continue Reading

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

Continue Reading

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

Continue Reading

Why Your Small Business Should Hire a Professional Accounting Consultant

Mar 01, 2017
Running a small busy is not easy. Hiring a reliable, professional accounting consultant can benefit a small business in many ways.

Tags: Small Business Taxes, Tax Planning, Tax Preparation

Continue Reading

Income Tax Tips for Small Business Owners and Self-Employed Individuals

Feb 15, 2017
Those who are self-employed have the same income tax rates as employed workers. But, someone who owns their own business can use deductions to reduce their overall tax burden.

Tags: Small Business Taxes, Tax Preparation

Continue Reading
"Formal education will make you a living; self-education will make you a fortune." — Jim Rohn