Articles

FBC is very proud to sponsor Damian Warner on his journey to the 2015 Pan Am Games and the 2016 Olympics through Team Warner! We recently had a conversation with Damian and asked him a few questions about his training, his events and what motivates him. 1. What is your greatest accomplishment? Making the Olympic … Read more

If you are considering or have elected to insure your mortgage with your local bank, there are some things you should be aware of.  1. Although you pay the same premiums each month, the actual amount of coverage decreases as your mortgage decreases. 2. Coverage typically ends at age 70 regardless of whether you have … Read more

If you run a farm or other small business, be prepared for a tax auditor’s call. Previous reviews of Canada Revenue Agency’s (CRA) practices by the Canadian Attorney General’s office flagged “small and medium enterprises” (SMEs) for high levels of “non-compliance” with tax legislation. The report recommended more rigorous CRA audits for this taxpayer group. … Read more

Yesterday the Minister of National Revenue, Kerry-Lynne Findlay, launched a mobile app for small businesses. The new app lets business users create custom reminders and alerts for key CRA due dates related to instalment payments, returns, and remittances with the goal to make it easier for businesses to fulfil their tax obligations. Quick facts To … Read more

FBC is pleased to announce we’re opening an office in Dartmouth, Nova Scotia. Our business started in 1952 in Ontario and over the past 62 years we have grown to 12 offices from Ontario to British Columbia. Now with our office opening in Dartmouth, Nova Scotia we’ll truly be able to say, coast-to-coast, we are … Read more

FBC is proud to support Team Warner We’re thrilled to announce a 3 year sponsorship with London, Ontario native Damian Warner through Team Warner! Damian competes for Canada in the Decathlon. Comprised of 10 track and field events, the Decathlon is considered to be the best all round test of an athlete’s skill and endurance. … Read more

If you own a business you must consider not only the details of your personal finances, but also the financial and income tax considerations that arise from your business. Meeting Business Obligations upon Death For most deciding how much life insurance coverage you need can be determined by a simple formula: Amount of Personal Insurance … Read more

There are CRA hot buttons that are red flags for a tax audit. However, you and your tax specialist could also be completely above board and follow every rule in the Income Tax Act and CRA could still contact you for an audit. Tax audits can be random or triggered by an unusual tax filing … Read more

If one thing is for certain it’s that small business owners don’t mind saving money. After all, when you’re running your own shop, every cent counts. While some expenditures are absolutely vital to success, there are plenty of areas in which small business owners can cinch the belt. Here are 5 Ways That You Can … Read more

Has CRA come calling? You may have been chosen by CRA for a tax audit because certain expenses look high or your reported income seems too low. It could just be the industry you are in is a target or perhaps CRA is auditing a friend, family member or supplier and want to ensure payments … Read more