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Small Business Tax Savings for Farmers

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Last updated: Oct. 18, 2017 
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 … Read more

Changes to the Federal Tax Proposals Announced

Canadian Flag Piggy Bank

Last updated: Oct. 16, 2017 
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 … Read more

Startups and the Need for Managed Accounting Services

Startups and the Need for Managed Accounting Services

Last updated: Oct. 11, 2017 
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 … Read more

Tips for Paying Less Tax as an Independent Contractor

Construction Tax

Last updated: Oct. 4, 2017 
There are a lot of benefits to being an independent contractor, in addition to being in control of when and where you work, having flexible hours, and, hopefully, a higher income. As an independent contractor, you’re also responsible for keeping track of all your income fulfilling your income tax obligations with … Read more

Voice Your Concerns Regarding Looming Tax Hikes

Tax Hits Graphics

Last updated: Sep. 26, 2017 
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 … Read more

New Tax Legislation Increase Taxes for Business Owners

photo of parliament hill

Last updated: Sep. 22, 2017 
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 … Read more

New Tax Legislation Will Increase Taxes for Farmers

Farm couple walking in field

Last updated: Sep. 22, 2017 
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 … Read more

Tax Advantage of Different Business Structures

Tax Advantages and Disadvantages of Different Business Structures in Canada

Last updated: Sep. 6, 2017 
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 … Read more

Government Grants & Subsidies for Canadian Agribusiness

Farm Financing Business Canada

Last updated: Aug. 9, 2017 
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 … Read more