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 or calling 780-229-0328. Audience questions and participation will be encouraged.

Submitted by Dave Horner, Business Development Representative for FBC

Just Posted

Pro wrestling coming to Wetaskiwin

Prairie Wrestling Alliance coming to Edmonton International Raceway July 21

Writer says NDP government ignores Albertans they don’t like

Government obsessed with ‘victims:’ writer

Wetaskiwin man facing more charges after second raid in two weeks

RCMP execute search warrant at same senior citizen’s Wetaskiwin residence

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Maskwacis RCMP suspect Delaina Lace Cutarm, 29, killed by vehicle

Maskwacis RCMP investigate pedestrian fatality

Angry giant baby Trump balloon makes him feel ‘unwelcome’ in London

Trump told The Sun newspaper that he felt unwelcome in London because of protests, including a giant balloon that was being flown over Parliament on Friday.

Former NHL goalie Ray Emery drowns in Lake Ontario

Police say the 35-year-old’s death appears to be a ‘case of misadventure’

Pussy Riot claims on-field protest at World Cup final

Russian protest group claimed responsibility after four people ran onto field in police uniforms

Fans party on Montreal streets after French World Cup win

To city is home to nearly 57,000 French nationals

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Canadian soccer fans brace for World Cup final between France, Croatia

First ever final for the Croatians, while it’s France’s third, going into match as betting favourite

Belgium finishes 3rd at World Cup, beats England 2-0

France and Croatia will play in the final on Sunday at the Luzhniki Stadium in Moscow

Police arrest Indigenous pipeline protester occupying B.C. park

Led by Kanahus Manuel, the Tiny House Warriors moved into park in Clearwater last week

‘Flipping Amazing’ Pancake Breakfast welcomes 6,000 Central Albertans

Westerner Days is, unofficially, underway after Bower Place held their annual Pancake Breakfast.

Most Read