small business owner examines receipts for tax deductions

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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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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FBC Member Spotlight: Duke Sewer Service Inc.

By the time Matthew Clayton was 25 years old, he was self-employed as a rental property owner and owned up to 20 houses in Regina, Sask. He already possessed the entrepreneurial spirit and work ethic that would help him start and run the successful company he still owns today - Duke Sewer Service Inc.

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 Home Style Electric

FBC Member Spotlight: Home Style Electric

In 2008, Jamie Myatt was working in the oil patch as an electrician when the economy took a downturn. When he came back home to Dartmouth, he found a job as a journeyman for a local company. But it wasn’t long before he felt unfulfilled in his role and decided to make the leap into running his own business. He launched Home Style Electric in 2009 on a shoestring budget.

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Marty hammond stands in front of his van, Ace of Spades Landscaping

FBC Member Spotlight: Ace of Spades Landscaping

For more than a decade, Marty Hammond worked for landscaping companies in Niagara Falls before deciding to strike out on his own. He wanted to provide superior service to customers and focus on quality over quantity. So in 2009 he took the leap and started his own company, Ace of Spades Landscaping.

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