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

2017 Canadian Federal Budget Impact to Agriculture

Read the following reviews from agriculture groups across Canada learn about the impact of the federal budget on agriculture.

Continue Reading

Tax Changes 2017: Everything You Need to Know

A number of big changes to Canada’s tax laws in 2017 could affect the bottom line for many small business and farm owners.

Continue Reading

Expert Advice for Starting a Small Farm Business

Operating a small farm business can be very satisfying, but to be financially successful, you also need to have a smart business and tax plan in place.

Continue Reading

Questions to Ask When Hiring a Tax Preparer

Hiring a tax preparer can be difficult. Asking the right questions can make the process a lot simpler.

Continue Reading

Canadian Farming: Are Farming Losses Always Fully Deductible?

Can Canadian farmers claim all farming losses on their taxes? It depends if the primary source of income comes from farming.

Continue Reading

What You Should Know About Non-Capital Losses

Understanding how to apply non-capital losses to taxes can help small Canadian business owners either recover previous taxes paid or reduce future income and taxes payable.

Continue Reading

Top Tax Deductions and Credits if You Have Children or Other Dependants

Canada Revenue Agency offers those with dependants a number of tax deductions and credits which can help reduce your taxable income.

Continue Reading

Do You Have to Pay Self-Employment Tax if You Have Farm Income?

Self-employed farmers need to report their income and losses to the Canada Revenue Agency just like any other business owner. But farmers also get special tax breaks.

Continue Reading

The Benefits of R&D Tax Credits for Farms and Small Businesses

The R&D tax credit program can provide tax credits of 20% to 35% for eligible costs plus overhead, which helps businesses innovate and grow.

Continue Reading

How Farming Can Help Businesses Save on Taxes

There are a large number of tax breaks that Canadian farmers can take advantage of to reduce their tax burden.

Continue Reading
"Without continual growth and progress, such words as improvement, achievement, and success have no meaning." — Benjamin Franklin