Blog | FBC, Canada's Farm & Small Business Tax Specialist
 The Tax Benefits of Donating Life Insurance Policies and Annuities

The Tax Benefits of Donating Life Insurance Policies and Annuities

Dec 13, 2017
The donation of life insurance policies and annuities to registered charities is a great way to benefit a favourite charity and for the donor to receive a taxable benefit from insurance coverage that is no longer needed.

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 Mind Your Minute Book - Annual Filings and Corporate Resolutions

Mind Your Minute Book - Annual Filings and Corporate Resolutions

Dec 06, 2017
Many incorporated companies are not keeping the Minute Book updated. This creates risk for your business, including increased taxes and CRA penalties! FBC is now offering a minute book service to ensure you stay compliant with CRA.

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Gifts of cash to family members generally do not have tax consequences

What's CRA's Position on Family Gifts?

Nov 29, 2017
Canada has no gift tax; however, in some cases a gift can trigger tax rules that could increase your income taxes and prevent a win-win situation for both you and the recipient. Follow these tips to limit the tax burden for giver and receiver.

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Understand the tax ramifications of shareholder loans to avoid significant taxes owing

Corporation Loans Count as Taxable Income

Nov 22, 2017
When shareholders borrow money from a corporation, that money is generally considered taxable income. But this rule, like many CRA rules, has exceptions.

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How Small Business Owners Can Pay Less Tax

Nov 15, 2017
Using the tax professionals at FBC can help Canadian small business owners maximize their deductions and credits and minimize their tax burden.

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BC Wildfire Recovery Programs Available for Farmers, Small Business Owners and Families

Nov 09, 2017
To assist families and businesses in recovering from the damages caused by emergencies both this year and in future years, the Province is developing a recovery plan and working to deliver support as and where they are needed.

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What to Expect from Accounting Professionals Regarding Your Family Business Taxes

Nov 08, 2017
Accounting professionals can help family run businesses in Canada manage their business accounts, minimize taxes, maximize profits, and save money.

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Expert Tips for Filing Your Business Taxes

Oct 25, 2017
General tax tips can help Canadians save thousands of dollars come tax time. When it comes to filing more complicated business taxes, call the tax professionals at FBC.

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Fall Economic Update from Canada’s Finance Minister

Oct 24, 2017
Canada Finance Minister Bill Morneau’s fall economic makes consequential adjustments to the dividend tax credit rate and enhances the Canada Child Benefit, in addition to confirming the recent updates around the July 19 consultation paper on small business corporation tax loopholes.

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Converting Regular Income to Capital Gains

Oct 19, 2017
Government not moving forward with small business tax measures relating to the conversion of income into capital gains.

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"It’s not the employer who pays the wages. Employers only handle the money. It’s the customer who pays the wages." — Henry Ford