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a blue graphic with the text: COVID-19

On March 11, 2020, the World Health Organization declared the outbreak of the 2019 coronavirus disease (COVID-19) a pandemic. The World Health Organization says everyone must play a role to stop the spread of the disease. This includes businesses and employers.

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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 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 photo of a visa gift card, which is a non-cash benefit in the eyes of the CRA

A non-cash benefit includes a good, service or property you own that you give to your employee. If that property is paid for by you and provided to your employee, it is still considered a benefit of employment. Find out how these benefits are taxed.

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a man with a work apron on is on his laptop

Download a free tax readiness toolkit for small business owners.

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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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a man researches farm tax deductions on his cellphone while standing in front of a tractor

If you’re a farmer or agricultural producer, you can deduct certain expenses you incurred to earn your income.

Make sure you keep records of all your farm business transactions to be able to support your expense claims.

You are required by law to keep receipts or other vouchers when you purchase something for your farm business.

Keep your records for at least six years after your last Notice of Assessment, which is as far back as the CRA will ask to see them in case you are audited.

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a person typing on a laptop with the text FBC reviews

We’re honoured when we get feedback from small business owners and farmers on what they like about FBC’s year-round Membership model. Here are some of our favourite recent FBC reviews collected through Rocket Referrals.

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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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