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

Have You Met All Your Tax Obligations?

Jul 27, 2016
To ensure you don't miss any tax obligations or tax filings for your small business, here is a list of tax dates including remittance payments, payroll deductions and GST/HST filings.

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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Double Dipping the Home Accessibility Tax Credit

Jun 29, 2016
In some cases, the renovation expenses qualify for the medical expense tax credit and you can claim both the Home Accessibility Tax Credit and the medical expense tax credit.

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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Your CRA Notice of Assessment has Arrived. Now What?

Jun 22, 2016
The CRA Notice of Assessment (form T451) includes your taxable income (Line 150) and your allowable registered retirement savings plan (RRSP) contributions and tax-free savings account (TFSA) limit for the current year. Be sure to compare your notice of assessment to your filed T1 or T2 tax return.

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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2016 Saskatchewan Budget Summary

Jun 01, 2016
The 2016 Saskatchewan budget presented by Finance Minister Kevin Doherty brings no tax rate increases and no new taxes. The budget anticipates a deficit of $434 million for the 2016-2017 fiscal year.

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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Benefits of Getting Caught Up With Unfiled Tax Returns

May 18, 2016
Voluntary disclosure can help you make things right with CRA and get caught up with back taxes. By filing your taxes you could also be benefiting from tax credits and tax programs that put you ahead financially.

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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New Intangible Property Rules

May 11, 2016
The 2016 Federal Budget introduced draft legislation that will directly affect depreciation, Capital Cost Allowance (CCA), of intangible assets, such as, goodwill tied up in a farm or small business, licenses, customer lists, franchises, farm quotas or distribution rights.

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 Filing Not Something to Ignore

May 05, 2016
Ignoring the CRA and filing your taxes can get you into a lot of trouble. Even if you don't owe taxes there are benefits you can receive by filing your income tax return each year.

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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2016 Nova Scotia Budget

Apr 20, 2016
With a focus on economic growth, youth, education and responsible fiscal management, Nova Scotia finances have strengthened with surpluses predicted for each year of the government’s 4-year fiscal plan. 2016 Nova Scotia budget.

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 7 Reasons to Hire a Tax Specialist to do Your Taxes

Apr 20, 2016
7 reasons to help you decide if it's time to hire an accountant or tax professional to help you with your small business taxes and bookkeeping.

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.

Continue Reading

2016 Alberta Budget Report

Apr 14, 2016
On April 14, 2016, the Honourable Joe Ceci, President of Treasury Board and Minister of Finance, presented his second budget and the second budget of Alberta’s NDP government.

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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"Fortune sides with him who dares." — Virgil