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a man writes on a notepad, calculating his work space from home expenses

Hundreds of thousands of Canadians transitioned to working from home when the COVID-19 outbreak was declared a pandemic. If you’re one of them, you know that working from home comes with its own costs (heating, electricity, maintenance).

As a small business owner, you can deduct expenses for the business use of a work space in your home.

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man writing on paper

The CRA has announced it is starting to gear up its full auditing powers that were mostly suspended since the outbreak began. Find out how this could affect you if you've applied for COVID-19 financial aid programs.

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Maggie Gervais poses with the Stars of Alberta Volunteer Award

FBC Member Maggie Gervais was recently recognized for her dedication to her community. She was one of 6 volunteers presented with a prestigious award by the Government of Alberta in December 2019.

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A lighthouse in nova scotia with a sunset behind it

Starting April 1, 2020, the general corporate tax rate in Nova Scotia will decrease from 16% to 14%. The small business tax rate will decrease from 3% to 2.5%. Read the highlights from our tax analysts.

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a white sign that says FBC Reviews on a corkboard background

Read the latest FBC reviews to learn how we help our Members make life less taxing.

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a clock with a sticker that says "tax time" on it

If you’re self-employed or a small business owner, getting ready for tax filing can be daunting. To help make the filing process less stressful, we’ve listed what you need to know for filing your 2019 tax return.

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a man is on his laptop and rubbing his forehead in frustration from dealing with the CRA

Canadians told the CRA what they think about the CRA's customer service in a series of consultations last spring. The CRA recently released the full report and we summarize what Canadians want improved.

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new year's fireworks

The end of the year is the perfect time to reflect on your business and make plans for 2020. We’ve listed some ideas on New Year’s resolutions you can make if you’re self-employed or own a small business.

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couple looking at a phone and discussing canada pension plan benefits

Find out if you should start collecting your Canada Pension Plan benefits as early as one month after you turn 60 or as late as age 70.

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small business owner examines receipts for tax deductions

If you’re self-employed or a small business owner, you know how quickly business expenses can add up.

Luckily, there are plenty of tax deductions you can take advantage of to lower your taxes.

We’ve compiled this list to make sure you’re not overlooking any of the tax deductions available to you as a business owner.

Don't forget to keep your receipts you are required by law to keep a record of your transactions.

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