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Top small business tax deductions

If you’re self-employed or a small business owner, you know how quickly business expenses can add up.

Luckily, there are plenty of tax deductions you can take advantage of to lower your taxes.

We’ve compiled this list to make sure you’re not overlooking any of the tax deductions available to you as a business owner.

Don't forget to keep your receipts you are required by law to keep a record of your transactions.

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FBC Reviews: December 2019

Read our favourite reviews from farmers and small business owners. They tell us what they love about being a FBC Member.

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Converting an RRSP to an RRIF

Find out when you must convert your RRSP to an RRIF, and how to reduce your tax liability.

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Salary or dividends: Which one is right for me?

Choosing to pay yourself a salary or dividends will depend on your personal and business needs. Find out the differences and what each option could mean for you when deciding how to structure your compensation.

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The tax implications of selling your business

Selling your business to a family member has significant tax implications. Find out how an arm's length deal and a non-arm's-length deal are treated by the CRA.

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FBC Reviews

We love hearing from farmers and small business owners on what they like about being a FBC Member. Read some of our favourite FBC reviews.

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Understanding the Registered Disability Savings Plan

Do you have a disability or a child with a disability? Are you worried about saving for retirement? Then you should open a Registered Disability Savings Plan (RDSP) to help you start building long-term savings.

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Alberta budget report 2019

On Oct. 24, 2019, Alberta Finance Minister Travis Toews presented the province’s fiscal 2019–20 budget. Our tax analysts have reviewed the updates and listed the highlights.

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What is the RESP and how does it work?

Are you worried about saving for your child’s education after high school? Learn more about the RESP and how you can start saving now for your children's future, and get a boost from the Canadian government.

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Why farm succession planning is so important

Having an estate plan that includes a Will is critical to having your assets distributed as you wished through the hands of your chosen executor after your death. Without a Will, the courts may appoint someone to liquidate or distribute your assets in a manner you might never have intended.

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