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Farm Taxes

8 benefits of hiring a professional bookkeeper

a woman uses a calculator while handling her own bookkeeping

Last updated: Sep. 28, 2020 
As a small business owner, you need accurate and up-to-date financial information so you can make the best decisions for your business. As your business grows and you hire employees, or take on more customers, keeping track of your business expenses and ensuring your books are accurate becomes more complex and … Read more

Why you need a year-end tax plan

a farmer leans against a tractor

Last updated: Aug. 31, 2020 
In our last few articles we’ve highlighted elevated government spending programs and the inevitable increase in the accumulated debt to alleviate the worst economic impacts brought on by the COVID-19 pandemic. Both current and former senior civil servants, economists and at least one former prime minister are all predicting that while … Read more

Work-space-in-the-home expenses for remote employees

a man writes on a notepad, calculating his work space from home expenses

Last updated: Jul. 30, 2020 
Hundreds of thousands of Canadians transitioned to working from home when the COVID-19 outbreak was declared a pandemic. If you’re one of them, you know that working from home comes with its own costs (heating, electricity, maintenance). As a small business owner, you can deduct expenses for the business use of … Read more

Nova Scotia Budget Report 2020

A lighthouse in nova scotia with a sunset behind it

Last updated: Feb. 28, 2020 
On March 26, 2020, Nova Scotia Finance and Treasury Board Minister Karen Casey presented the province’s fiscal 2020–21 budget. The minister anticipates a surplus of $55 million for 2020–21, and a surplus of $63.2 million, $72.5 million and $74 million in the next three years. There was a general corporate rate … Read more

FBC Reviews: February 2020

a white sign that says FBC Reviews on a corkboard background

Last updated: Feb. 19, 2020 
 We love reading the feedback we receive from FBC Members about how we help make their life less taxing. Below are some of our favourite FBC reviews collected through Rocket Referrals. FBC on-site tax appointment and unlimited consultation FBC Members love that we visit their home or place of business to … Read more

Free eBook: Tax Readiness Toolkit

Year End Tax Planning Toolkit for Small Business Owners

Last updated: Jan. 27, 2020 
Updated: November 19, 2020 Many self-employed individuals and small business owners feel overwhelmed by the demands of tax season. They often don’t know the filing requirements established by the CRA, or how back office processes can help optimize their tax return. It’s a lot to keep track of on top of … Read more

What Canadians think about the CRA’s customer service

a man is on his laptop and rubbing his forehead in frustration from dealing with the CRA

Last updated: Jan. 22, 2020 
Do you get frustrated when dealing with the Canada Revenue Agency (CRA)? Do you find you’re on hold for an unreasonable amount of time? Do you think they have work to do when it comes to improving their customer service? If you said yes to any of the above, you won’t … Read more

Know the rules when paying family for farm work

picture of a man handing a box of farm goods over to family

Last updated: Jan. 8, 2020 
Farming in Canada has always been a family intensive business, even on larger incorporated farm enterprises. Spouses in many cases are full partners in the process and chief bookkeepers for the business. Part of normal childhood education on the farm is an ongoing list of farm chores, which can include everything … Read more

FBC Reviews: January 2020

a person typing on a laptop with the text FBC reviews

Last updated: Jan. 1, 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. FBC On-Site Tax Appointment Our Members love that we offer on-site tax appointments. When we collect data … Read more