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Trades Taxes

What are the tax implications of the Liberal win?

a calculator in front of a laptop screen

Last updated: Oct. 25, 2019 
Justin Trudeau’s Liberal Party is back in power, but as a minority government this time after the general election on Oct. 21, 2019. The Liberals proposed several changes in their election platform that could have tax implications for small business owners and farmers. Until the federal budget gets released in Spring … Read more

FBC Member Spotlight: Ace of Spades Landscaping

Marty hammond stands in front of his van, Ace of Spades Landscaping

Last updated: Oct. 17, 2019 
For more than a decade, Marty Hammond worked for landscaping companies in Niagara Falls before deciding to strike out on his own. He wanted to provide superior service to customers and focus on quality over quantity. So in 2009 he took the leap and started his own company, Ace of Spades … 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

Don’t Miss These Tax Credits

Last updated: Jan. 8, 2014 
The 2013 budgets released in the Spring of 2013 brought a few changes that will affect your taxes this year and perhaps put more money in your pocket. First-Time Donor’s Super Credit If you or your spouse hasn’t claimed the charitable deduction tax credit in the past 5 years, you’re eligible … Read more