8 years ago
Small Business Tax Savings for Farmers Add to Default shortcuts Primary tabs

Farm Businesses in Canada Whether it’s a family farm that has been in operation for generations or it’s a start-up, there’s an attraction to being your own boss and working outdoors. It also doesn’t hurt that farming in Canada has become more lucrative over the years. The government of Canada offers a number of incentives … Read more

8 years ago
Canadian Flag Piggy Bank

Prime Minister Justin Trudeau and Finance Minister Bill Morneau announced that the small business tax rate would decrease to 9% (from 10.5%) by 2019 as part of new changes to the private company tax proposals. The government has planned additional announcements in the upcoming week to provide further details of changes that it intends to … Read more

8 years ago
Startups and the Need for Managed Accounting Services

Why Startups Need a Managed Accounting Service When you’re running a startup, every dollar counts. You’re busy trying to build the business, manage time, stretch your budget, and cut costs. One place you should never skimp on is hiring a managed accounting service, especially when you consider how many startups fail in the first year … Read more

8 years ago
Tax Hits Graphics

Last week FBC published blog posts regarding the looming tax hikes, that will increase taxes for small business owners and farmers. If you’re concerned with the legislation, we suggest taking these actions to make your voice heard. Email Members of Parliament The most significant influencers at this point are current Liberal MPs. Frustration is mounting … Read more

8 years ago
photo of parliament hill

FBC’s tax team has analyzed the looming changes for tax legislation being tabled by the federal government. There is a lot of rhetoric and emotion around the legislation; in addition to much confusion on its impact. Our tax consultants and advisors are receiving many questions about the changes. There are many proposed changes which can … Read more

8 years ago
Farm couple walking in field

FBC’s tax team has analyzed the looming changes for tax legislation being tabled by the federal government. There is a lot of rhetoric and emotion around the legislation; in addition to much confusion on its impact. Our tax consultants and advisors are receiving many questions about the changes. There are many proposed changes which can … Read more

8 years ago
Tax Advantages and Disadvantages of Different Business Structures in Canada

Business Structures in Canada If you decide to start your own business in Canada, you need to decide which kind of business structure is best suited to your needs. Different business structures offer unique advantages and limitations that you should be aware of. There are 4 types of business structures, each with their own tax … Read more

8 years ago
corporations tax planning graphic

Currently, a private corporation can provide good tax planning strategies to receive income from your business. The Canadian Revenue Agency has proposed legislation that will reduce or even eliminate many of the current tax benefits of a private corporation. The CRA is focused on the perceived inequities between taxation of income as a wage earner … Read more

9 years ago
Farm Financing Business Canada

Financing Programs for Farm Businesses Farming is a unique occupation with its own challenges. The high cost of basic farming equipment, technology, and land and changing weather conditions are just a few challenges that can significantly impact a farm’s profitability. That’s why the federal and provincial governments in Canada provide farmers with many different grants, … Read more

9 years ago
Intergenerational Land Transfers

Farmers preparing their wills and succession plans should be aware of the details of the capital gains exemption and the capital gains deduction. Before you get into the various strategies available for a successful transition of the family farm to the next generation it is important to discuss the interests and views of all family … Read more