Last updated: May. 11, 2016
Most farm owners and small business owners have assets like goodwill tied up in their businesses. Some might also have licenses, customer lists, franchises, farm quotas or distribution rights. On January 1, 2017, the federal government introduced draft legislation that will directly affect these assets, a new class of assets called … Read more
Last updated: May. 5, 2016
Many taxpayers view their annual filing as a stressful exercise and feel great relief when the job is done.
Some people choose to avoid the task.
The Canada Revenue Agency says, 10 to 15% of the country’s total population do not file a tax return each year. That amounts to … Read more
Last updated: Apr. 19, 2016
As a small business owner you’re faced with many decisions and expenses to keep your business alive and growing. You may be used to wearing many hats to save money, but sometimes it doesn’t hurt to call in the experts. Even though you own a set of pliers, you’re still … Read more
Last updated: Apr. 5, 2016
The income tax filing deadline for unincorporated businesses in Canada is just around the corner. June 15th to be exact. As a self-employed individual, you and your spouses or common law partner have until June 15 to file your income tax and benefit returns. However, any balance owing is still due … Read more
Last updated: Mar. 16, 2016
Share cropping is not as common as it used to be, but it is still a popular arrangement between landowners and renters.
Much depends on the landlord’s involvement in the production process when paying tax on the proceeds from this type of rental agreement.
This helps determine if the revenue should … Read more
Last updated: Mar. 8, 2016
Millions of Canadian small business owners may not yet be thinking about their annual tax filings, with April 30 so far away. However, the end of the year is often the best time to start planning for how they’re going to handle this crucial financial step. Once they do, though, it’s … Read more
Last updated: Feb. 10, 2016
As a small business owner, you need to spend as much time as possible analyzing and optimizing your tax return. You don’t want to miss out on a single potential deduction, after all – every dollar that you could have saved, but failed to, is a dollar that your business might … Read more
Last updated: Jan. 20, 2016
Do you feel like 2016 is going to be a great year for your business, one where you’ll reach your goals? Hope always springs eternal when Jan. 1 comes around, and this year is no different. However, many Canadians aren’t as optimistic about reaching their goals as they’ve been in the … Read more
Last updated: Oct. 28, 2015
Photo: Nate Brideau Local Tax Specialist with FBC works in his office on Portage Avenue. He recently helped a client deal with a scam artist trying to bill her with close to $5,000 of charges. Photo by Ruth Bonneville. This story originally appeared in the Winnipeg Free … Read more