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Farm Taxes

FBC Reviews from farm & small business owners

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Last updated: Sep. 26, 2019 
If you want to read more about why our Members love our year-round, personalized, all-in-one solution for their farm or small business, here are some of our favourite recent reviews. FBC On-Site Tax Appointment We’ll come to your home or place of business to understand the details of your operation and … Read more

Our favourite small business podcasts from July 2019

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Last updated: Jul. 26, 2019 
In July, we listened and learned how blogging is far from dead, why it’s critical to devote time to recovery as a small business owner, the importance of women investing in early-stage companies, what the Beyond Meat burger could mean for Canadian pulse growers, and how to navigate an ownership transition. … Read more

Who can use the Canada Child Benefit

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Last updated: May. 29, 2019 
The more tax credits you can take advantage of, the lower your taxable income will be. There are some refundable tax credits you can use even if you don’t owe any taxes. Keep reading to discover an important tax tip if you’re self-employed and have children. What Is the Canada Child … Read more

Federal Budget Report 2019

Federal Budget Report 2019

Last updated: Mar. 19, 2019 
On March 19, 2019, the Honourable Bill Morneau presented his fourth budget as Minister of Finance. The 2019 Federal Budget, entitled “Investing in the Middle Class”, focuses on: Making Home ownership more affordable for first-time buyers. Help workers gain new skills. Preparing young Canadians for good jobs. Helping Canadians with the … Read more

The US Tariff War and Canada’s Ag Industry

How the US Tariff War is Affecting Canada’s Agriculture Industry

Last updated: Mar. 6, 2019 
U.S. tariffs on imports have caused negative shifts in the global agricultural supply. As a result, Canadian farmers have become innocent bystanders, hit by China’s retaliatory trade strikes against the United States. Canadian Farmers Worse Off than US Farmers This comes just a year after the Federal Government announced changes to … Read more

Dairy Farm Investment Program

Canadian Dairy Farm Investment Program

Last updated: Dec. 19, 2018 
We wanted to make sure that all dairy producers are aware of this program and the upcoming deadlines to participate. Be sure to share this with any dairy producers that you know. Phase Two Recently Announced The Dairy Farm Investment Program is a five-year $250-million program to help Canadian cow milk … Read more

Restricted Farm Losses and the Part-Time Farmer

Restricted Farm Losses: The Plight of the Part-Time Farmer

Last updated: Dec. 12, 2018 
This article originally appeared May 4, 2017 | Robert Graham, Miller Thomson LLP Not just anyone can become a farmer; yet many Canadians aspire to transfer from their existing occupation into farming. The challenge with said aspiration is that starting up a farm business is difficult, and though the federal government … Read more

Can Technology Enhance Your Business Money Management?

Can Technology Enhance Your Business Money Management?

Last updated: Oct. 10, 2018 
Technology is an essential part of business management. Technology allows you to automate common, recurring steps in financial management such as recording sales. Using digital communication allows you to speak directly with different parts of your business, to track spending better. And some technologies predict the trends of business, such as how … Read more

Top Business Tips for Starting a New Farm

Starting a New Farm Operation

Last updated: Sep. 12, 2018 
Whether you’re a seasoned farmer who has outgrown your current operations or you’re thinking of starting a new farm business, it’s important to have a business plan. Not only a farm business plan help you focus on your goals, it provides the answers you need to make the farming operation run … Read more