How Small Business Owners Can Pay Less Tax

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

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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Expert Tips for Filing Your Business Taxes

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

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

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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Startups and the Need for Managed Accounting Services

To seamlessly operate their business, startups should consider hiring a managed accounting service for all of their tax planning, bookkeeping and business planning needs.

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Top Tips for Paying Less Tax as an Independent Contractor in Canada

To help minimize how much income tax independent contractors pay to the CRA each year, they need to make the most of their deductions and other tax tips.

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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