Tax Consultation

FBC provides tax consultation to our farm and small business clients year-round.

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.
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.
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).
To seamlessly operate their business, startups should consider hiring a managed accounting service for all of their tax planning, bookkeeping and business planning needs.
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.
Nova Scotia's post election budget is a re-introduction of the budget that was shelved when the election was called for May 30, 2017.
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.
There are many proposed small business tax changes which can lead to higher taxes; but 3 key items stand out for small business: Sharing Income, Excess Cash Reserves, and Dividends to Extended Family
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
Here are some key difference between filing taxes as an employed contractor vs. a self-employed contractor.
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