Articles: Tax Planning

Charitable giving offers a powerful way to provide tax relief while helping a cause close to your heart.

Last updated: Jan. 9, 2025 As we wind down another challenging year of dealing with historic inflation, the last thing you want to think about is taxes. However, with profit margins tighter than ever, this is exactly the right time to take steps to minimize your tax burden. For incorporated businesses, this starts with understanding your … Read more

The Canadian government’s 2024 Fall Economic Statement was released on December 16, 2024, and outlines various initiatives to strengthen the economy.

Donations can take many forms, but there are specific rules about what types of donations qualify for a tax break in Canada.

When it comes to farm work, it’s not unusual to offer additional perks for employees.

You’ve worked tirelessly on your farm. Now, it’s time to reap the rewards… and pay as little tax as possible. 

Last updated: Dec. 4, 2024  *UPDATED FOR 2024* The calendar year may be winding down, but there’s still time to create a strategy to lower your tax bill and boost your bottom line.  1. Long-Term Tax Strategy and Business Transition Plan  If you haven’t already developed a long-term tax strategy or business transition plan, it’s … Read more

Long hours, harsh conditions, and a constant battle against the clock. As a truck driver, you’ve got a lot on your plate. But what about your taxes?

Misunderstandings swirled as farmers tried to prepare for the impact of the new capital gains inclusion rates, which took effect in June 2024.