Tax Consultation

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

The 2016 Federal Budget introduced draft legislation that will directly affect depreciation, Capital Cost Allowance (CCA), of intangible assets, such as, goodwill tied up in a farm or small business, licenses, customer lists, franchises, farm quotas or distribution rights.
As a self-employed individual, your deadline to file your 2015 return is midnight on June 16, 2015. Use this checklist to make sure you don't miss anything.
CRA considers that a crop share received by a landowner is rental income and not income from farming. However, you could be considered to be in the business of farming if the sharecropper is an employee who receives a crop share in lieu of salary.

“Jobs For Today & Tomorrow!” On February 25, 2016, the Honourable Charles Sousa presented his 5th budget as Minister of Finance. Continuing on its path to balance the budget in 2017-18, the government’s plan for economic growth and job creation focuses on 4 tenets:
New Brunswick Finance Minister Roger Melanson delivered the province’s 2016 budget increasing the corporate tax rate and decreasing the personal income tax.
The following 5 small business tax tips are recommendations of things that you should do over the next several months to reduce the taxes you pay.
The following are 5 tax tips that you should aim for in 2016. By being conscientious about them, you could reach your financial goal before the year is over, bolstering your confidence by proving you have what it takes to accomplish your goals.
Tax planning has to be an integral part of your day-to-day operations. If you're not taking steps year-round to minimize the amount you'll eventually have to pay in taxes, then you're costing your business huge amounts of money that you'll never get back.
What do you have to do when you've been audited - and what rights do you retain throughout the process? FBC represents small business owners being audited by CRA.
The Canada Revenue Agency (CRA) warns Canadians to be wary of correspondence claiming to be from the government. 
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