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

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

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

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Converting Regular Income to Capital Gains

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

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Proposed Changes to How Passive Income is Taxed

Finance Minister Bill Morneau issued an announcement outlining how he intends to proceed with changes to how passive income earned in private companies is taxed.

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Small Business Tax Savings for Farmers

The income for Canadian farmers is rising. So too is the value of their machinery and equipment. The tax consultants at FBC can help farm operators take advantage of the various tax savings and deductions available to them.

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Changes to the Federal Tax Proposals Announced

While the government stated that it is committed to its proposed private company tax measures to address tax planning involving income sprinkling effective January 1, 2018, it is cancelling changes to limit access to the Lifetime Capital Gains Exemption (LCGE).

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Voice Your Concerns Regarding Looming Tax Hikes

Voice your concern about the proposed amendments to how private corporations and small businesses will be taxed. Actions you can take include email Members of Parliament and sign petitions.

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3 Ways New Tax Legislation Will Increase Taxes for Farmers

There are many proposed small business tax changes which can lead to higher taxes; but 3 key items stand out for farmers: Sharing Income, Excess Cash Reserves, and Intergenerational Transfers

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Government Grants, Subsidies & Contributions for Canadian Agribusinesses

The federal and provincial governments in Canada provide farmers with many different grants, subsidies, and contributions. Be sure you're taking advantage of all of them.

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Intergenerational Land Transfers

Farmers preparing their wills and succession plans should be aware of the details of the capital gains exemption and the capital gains deduction.

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"Try to save something while your salary is small; it’s impossible to save after you begin to earn more." — Jack Benny