Tax Consultation

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

The Saskatchewan Budget introduced in March 2017 changed the scope of the services that PST is to be charged on with most changes already effective April 1 2017.
Review what tax credits stayed and which are removed from the recent federal and provincial budget releases. The good news is that most jurisdictions did not raise taxes.
Whether you operate a full-time, part-time, or hobby farm, there are unique farming tax deductions you need to be aware of.
There are many tax breaks that Canadian family businesses can take advantage of to reduce their tax burden.
There are many tax deductions specific to start-ups that can help business owners significantly reduce their taxable income.
Most sales are subject to GST/HST in Canada.
 However, the sale of most farm products are considered zero-rated. 
The challenge is that not all farm products are zero-rated, and the list is huge. 

On April 27, 2017, the Honourable Randy Delorey presented his second budget as Nova Scotia’s Finance and Treasury Board Minister. With an election around the corner, this budget includes new spending on infrastructure, healthcare and education.
On April 27, 2017, the Honourable Charles Sousa presented his sixth budget as Minister of Finance. With a growing economy, the Ontario Liberal government produced its first balanced budget in a decade.
In addition to understanding farm tax deductions and credits, it’s important for farmers to understand what their farm business tax obligations are.
On April 11, 2017, the Honourable Cameron Friesen presented his second budget as Minister of Finance. In many respects, this is the first true budget of the Progressive Conservative government as last year’s budget was presented so soon after the provincial election.
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