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a stack of gold coins that represents converting RRSP to RRIF

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

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a man selling his small business shakes someone's hand

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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A sign that says FBC Reviews on it

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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a man in a wheelchair is writing at a desk

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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a notebook that says "budget 2019" on it

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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a man stands in front of several vans

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

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

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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a woman looks at her mileage app while exiting her car

If you’re self-employed and using your vehicle for business use, are you keeping a mileage log? If you’re audited by the Canada Revenue Agency (CRA), and you don’t have one, the CRA could reject your claims for motor vehicle expenses. Avoid CRA scrutiny with our tips and tricks on keeping a mileage log.

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Construction Tax

To help minimize how much income tax independent contractors pay to the CRA each year, they need to make the most of their deductions and other tax tips.

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