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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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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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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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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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

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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

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5 Tips to Prepare Your Online Business for Tax Time

Feb 08, 2017
Running an online business can be time consuming. Understanding some important e-commerce tax tips can streamline the tax preparation process.

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

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Questions to Ask When Hiring a Tax Preparer

Feb 01, 2017
Hiring a tax preparer can be difficult. Asking the right questions can make the process a lot simpler.

Tags: Farm Taxes, Small Business Taxes, Tax Preparation

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Canadian Farming: Are Farming Losses Always Fully Deductible?

Jan 25, 2017
Can Canadian farmers claim all farming losses on their taxes? It depends if the primary source of income comes from farming.

Tags: Farm Taxes, Tax Preparation

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