Too Much Tax – Too Little Income – Not Much Time

We need governments that value fiscal restraint

From federal to provincial to municipal, we need to be able to rely on government to provide social infrastructure so that businesses and farm producers can remain sustainable and can reliably get their goods to market. However, the escalating costs ranging from income taxes, gas taxes, carbon taxes, provincial taxes, property taxes, sales taxes, fees and other government charges now account for over 50 per cent of income going to these various levels of governments, making it extremely difficult for today’s farm and/or small business owner to prosper.

These growing costs are not sustainable. When red tape and bureaucracy is added to the mix, it’s little wonder that many farms and small business are struggling. Earning and keeping money has never been more difficult than it is today.

The carbon tax on farmers is just one example of a tax that is having a punitive effect on agri-business owners. As taxation, or “revenue generation” as the government fondly refers to it, continues to expand, farm and small business owners need trusted partners they can count on to look after their best interests.

Fortunately, the Canadian Federation of Independent Business (CFIB) has been tackling tax and regulatory issues in Alberta along these lines for over 45 years. CFIB has over 10,000 members in Alberta alone. CFIB’s Director of Provincial Affairs Amber Ruddy will be a guest speaker at FBC’s first annual mid-summer farm/business event in Millet, Wednesday, July 25 at Millet’s community hall from 9:30 to 2 p.m. CFIB is the voice of Alberta business owners and farmers.

FBC, Canada’s Farm & Small Business Tax Specialist™, has helped farm and small business owners with tax planning, tax preparation, bookkeeping and financial planning for 65 years. Their goal for their nearly 20,000 members is to “make life less taxing”. CFIB and FBC are considered the go-to organizations for lobbying and expert planning and tax advice; in other words, in your corner, fighting hard for you.

Farmers and small business owners share one thing in common: A need for lower taxes that can create more capital to invest in their businesses; sound and cost-effective tax, succession, retirement, and estate planning strategies; and membership organizations that represents their members’ best interests when it comes to government regulations and taxes.

Part of CFIB’s presentation will include “Tangled in Red Tape – Tracking your regulatory red tape” and what to do about it. FBC’s portion of the event will include “Tax Tips” to help farm and business enterprises reduce their taxes to help them conserve capital while putting more money in their pockets.

FBC and CFIB’s farm and business tax planning event will be held in Millet on Wednesday, July 25 at the community hall with registration confirmations starting at 9:45. Pre-registration is required with only limited seats available. This event is free with lunch included. RSVP by July 20 by emailing jcloutier@fbc.ca or calling 780-229-0328. Audience questions and participation will be encouraged.

Submitted by Dave Horner, Business Development Representative for FBC

Just Posted

Let the Games begin!

Team Alberta takes home gold and silver in speed skating on day one

WATCH: Historic night in Red Deer as 2019 Canada Winter Games kicks off

Star-studded Opening Ceremony features athletes from across Canada

Athletes’ medals unveiled at the official kick-off of 2019 Canada Winter Games

Medals depict Central Alberta landscape and pay tribute to First Nations

Alix resident captures beams of light near Lacombe

Lacombe, Blackfalds, Red Deer photos have since gone viral around the world

WATCH: Canada Winter Games are finally here

Final leg of torch relay kicked off at Fort Normandeau

Mermen calendar targets ‘toxic masculinity,’ raises big money for charities

Newfoundland and Labrador Beard and Moustache Club gave a cheque for more than $202,000 to Violence Prevention NL

Payless to close 248 Canadian stores, saying it’s ‘ill-equipped’ for market

The company will begin closing stores at the end of March

Make sure measles shots up to date, Public Health Agency says

Measles causes high fever, coughing, sneezing and a widespread painful rash

‘Our entire municipality is heartbroken’: Seven children die in Halifax house fire

A man and woman remained in hospital Tuesday afternoon, the man with life-threatening injuries

Team Alberta takes exciting victory in wheelchair basketball, remains undefeated

After three games in the tournament, Alberta is sitting in first place of its pool

UPDATED: ‘Violent’ B.C. man back in custody after Alberta arrest

Prince George man with ties to Vernon was being sought by police

After a week away, SNC-Lavalin questions await MPs returning to Parliament

Two have resigned already: Jody Wilson-Raybould was veterans affairs minister and Gerald Butts was Trudeau’s principal secretary

Chanel: Iconic couturier Karl Lagerfeld has died

He spent virtually his entire career at luxury labels catering to the very wealthy

NDP Leader Jagmeet Singh calls for public inquiry over SNC-Lavalin questions

Vancouver member of Parliament Jody Wilson-Raybould resigned from cabinet last week

Most Read