Blog | FBC, Canada's Farm & Small Business Tax Specialist

a woman uses a calculator while handling her own bookkeeping

8 benefits of hiring a professional bookkeeper

Sep 28, 2020

Find out what benefits your business will see if you outsource your bookkeeping.

Tags: Bookkeeping, Farm Taxes, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation

a farmer smiles while standing in front of his silos

Capital Cost Allowance for Farmers

Sep 17, 2020

If you need to buy a major capital asset like a building, machinery or equipment to use in your farming business, consider buying it before the end of your fiscal year to claim tax depreciation. Learn more about how to use the capital cost allowance (CCA) to reduce your income on your tax return.

Tags: Farm Taxes, Tax Consultation, Tax Planning, Tax Preparation

Why you need a year-end tax plan

Aug 31, 2020

Year-end tax planning means working with your tax or financial advisor before the end of the year to analyze your financial exposure to various tax scenarios. That way you can move quickly to minimize any adverse effects of changes in tax structure.

Tags: Farm Taxes, Financial Planning, Tax Consultation, Tax Preparation

Potential tax implications of COVID-19 spending

Aug 07, 2020

What are the tax implications of the government’s financial response to COVID-19? Our columnist outlines a few possibilities.

Tags: Financial Planning, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation

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

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

Jul 30, 2020

Right now, if an employee wants to claim work-space-in-the-home expenses, certain conditions must be met. Find out what the current rules are surrounding work-space-in-the-home expenses, what paperwork your employees will need and how they can claim this expense on their tax return.

Tags: Bookkeeping, Farm Taxes, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation

COVID aid paperwork must be in order as audits loom

Jul 10, 2020

The CRA has announced it is starting to gear up its full auditing powers that were mostly suspended since the outbreak began. Find out how this could affect you if you've applied for COVID-19 financial aid programs.

Tags: Audit Representation, Legal & Compliance, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation

COVID-19 Update: Canada Emergency Response Benefit

Mar 25, 2020

Prime Minister Justin Trudeau announced on Wednesday that the House of Commons has passed an emergency bill for the government’s COVID-19 emergency response. Learn more about the new Canada Emergency Response Benefit.

Tags: member updates, covid-19 updates, government updates

A guide to COVID-19 financial relief for small business

Mar 18, 2020

Read up-to-date information about all new federal programs that help small businesses impacted by COVID-19. You’ll also find links to free tools to help you with program applications.

Tags: member updates, covid-19 updates, government updates

What your small business needs to know about COVID-19

Mar 17, 2020

On March 11, 2020, the World Health Organization declared the outbreak of the 2019 coronavirus disease (COVID-19) a pandemic. The World Health Organization says everyone must play a role to stop the spread of the disease. This includes businesses and employers.

Tags: Farm Taxes, Financial Planning, Small Business Taxes, Tax Preparation, Tax Planning, Tax Consultation, covid-19 updates

a man rubs his forehead and is looking down at his taxes, stressed about late filing

Late filing penalties for small business taxes

Mar 12, 2020

Learn what penalties you face if you're late filing your small business tax return.

Tags: Bookkeeping, Financial Planning, Small Business Taxes, Tax Preparation

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