Articles

The COVID-19 outbreak has required many changes to our daily lives. At FBC, our first priority is the health and safety of our employees and the Members we serve. Despite the challenge facing all of us, our teams remain committed to ensuring that all Members can file their tax returns on time. Staying Healthy, Keeping … Read more

Reporting online day trading income? A growing number of Canadians manage their own retirement portfolio and trade online every day. When you sell a security and make a profit, you realize a capital gain. For most Canadians, the taxable capital gain is determined by multiplying the capital gain amount (profit) with the year’s inclusion rate. … Read more

The Regional Relief and Recovery Fund (RRRF) was established to support business owners and organizations that have not been able to access other federal emergency support measures. NEW: Businesses that are already receiving support from the RRRF could now receive up to $20,000 in additional funding if they meet the eligibility criteria. What is the … Read more

The federal government has launched a new rent relief program for small businesses impacted by COVID-19. Below is a summary of the program. What is the Canada Emergency Rent Subsidy? The Canada Emergency Rent Subsidy (CERS) program provides rent and mortgage support to qualifying businesses, charities and non-profits. The subsidy covers eligible fixed property expenses, … Read more

Everyone knows that they have to pay their taxes at the end of the year. For Canadians, that means a notice of assessment, a tax return, an audit or even some combination of the three. For many of these people, these things happen during “tax season.” But a smart businessperson knows that “tax season” really … Read more

All youth should have access to mental health support – wherever they live Growing up can be a struggle at the best of times. For too many kids, it’s riddled with moments of feeling anxious, alone, and overwhelmed. Sadly, these moments often happen through the night, when access to help is limited. In fact, according … Read more

The CRA has temporarily shut down its online services after thousands of accounts were compromised by cyberattacks. The attacks targeted the CRA and GCKEY, an online portal where Canadians can access services such as employment insurance and veterans’ benefits. The Canadian government says the attacks were a form of “credential stuffing.” “These attacks, which used … Read more

When the Endako Mine closed at the end of 2014, the Village of Fraser Lake lost its biggest employer. About a year later, the only grocery store in the community closed too. With just a convenience store in town, Fraser Lake residents had to drive almost an hour to the nearest supermarket to stock up … Read more

As a small business owner, you need accurate and up-to-date financial information so you can make the best decisions for your business. As your business grows and you hire employees, or take on more customers, keeping track of your business expenses and ensuring your books are accurate becomes more complex and time-consuming. It’s a lot … Read more

In our last few articles we’ve highlighted elevated government spending programs and the inevitable increase in the accumulated debt to alleviate the worst economic impacts brought on by the COVID-19 pandemic. Both current and former senior civil servants, economists and at least one former prime minister are all predicting that while these spending programs have … Read more