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

Tax deductions for Canadian farmers

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.

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Know the rules when paying family for farm work

Find out what the CRA requires from you when you're paying your family for farm work.

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FBC Reviews: January 2020

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

8 New Year's resolutions for small businesses

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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Should I take my Canada Pension Plan benefits early?

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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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.

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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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Do I have to make tax instalment payments?

If you earn income that doesn’t have tax withheld on it, like self-employment, rental or investment income, or you made a capital gain in the past year, you might have to make instalment payments.

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a person is calculating salary vs dividends

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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