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FBC Reviews: December 2019

Read our favourite reviews from farmers and small business owners. They tell us what they love about being a FBC Member.

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Converting an RRSP to an RRIF

Find out when you must convert your RRSP to an RRIF, and how to reduce your tax liability.

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Do I have to make tax instalment payments?

If you earn income that doesn’t have tax withheld on it, like self-employment, rental or investment income, or you made a capital gain in the past year, you might have to make instalment payments.

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Salary or dividends: Which one is right for me?

Choosing to pay yourself a salary or dividends will depend on your personal and business needs. Find out the differences and what each option could mean for you when deciding how to structure your compensation.

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The tax implications of selling your business

Selling your business to a family member has significant tax implications. Find out how an arm's length deal and a non-arm's-length deal are treated by the CRA.

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FBC Reviews

We love hearing from farmers and small business owners on what they like about being a FBC Member. Read some of our favourite FBC reviews.

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Understanding the Registered Disability Savings Plan

Do you have a disability or a child with a disability? Are you worried about saving for retirement? Then you should open a Registered Disability Savings Plan (RDSP) to help you start building long-term savings.

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Alberta budget report 2019

On Oct. 24, 2019, Alberta Finance Minister Travis Toews presented the province’s fiscal 2019–20 budget. Our tax analysts have reviewed the updates and listed the highlights.

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What are the tax implications of the Liberal win?

Justin Trudeau’s Liberal Party is back in power, but as a minority government this time after the general election on Oct. 21, 2019.

The Liberals proposed several changes in their election platform that could have tax implications for small business owners and farmers.

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FBC Member Spotlight: Duke Sewer Service Inc.

By the time Matthew Clayton was 25 years old, he was self-employed as a rental property owner and owned up to 20 houses in Regina, Sask. He already possessed the entrepreneurial spirit and work ethic that would help him start and run the successful company he still owns today - Duke Sewer Service Inc.

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