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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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FBC Member Spotlight: The Hagan Family

To say Alistair and Erin Hagan are busy is an understatement. The FBC Members and couple of almost 20 years run a family owned cattle farm in Virden, Manitoba. On top of their day-to-day operations on the farm, they also own and run Hagan Performance and Ranch Horse Sale.

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Why farm succession planning is so important

Having an estate plan that includes a Will is critical to having your assets distributed as you wished through the hands of your chosen executor after your death. Without a Will, the courts may appoint someone to liquidate or distribute your assets in a manner you might never have intended.

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FBC Reviews: September 2019

We love getting feedback on FBC Reviews, a collection of testimonials, reviews and opinions from our Members. If you want to read more about why our Members love our year-round, personalized, all-in-one solution for their farm or small business, here are some of our favourite reviews from the website.

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How to keep a CRA mileage log for vehicle expenses

If you’re self-employed and using your vehicle for business use, are you keeping a mileage log? If you’re audited by the Canada Revenue Agency (CRA), and you don’t have one, the CRA could reject your claims for motor vehicle expenses. Avoid CRA scrutiny with our tips and tricks on keeping a mileage log.

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Year-end tax planning for farmers

When you’re busy with the harvest, or preparing for the upcoming season, taxes are probably the last thing on your mind. But there are year-end tax planning strategies you can use now to help reduce your tax bill.

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Our favourite small business podcasts from July 2019

We list our favourite podcasts from the month that offer inspiration, advice and interesting information for small businesses.

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"Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time." — Johann Wolfgang von Goethe