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FBC Partners With Ag More Than Ever

FBC Partners With Ag More Than Ever

Last updated: Oct. 14, 2015 
Let’s tell the real story of Canadian agriculture, together. FBC is proud to announce our official partnership with Agriculture (Ag) More Than Ever. What’s Ag More Than Ever? It’s a national, industry-wide cause made up of over 425 partners and 1,500 agvocates, all dedicated to improving perceptions, changing misperceptions and creating … Read more

Did You Receive a Tax Instalment Letter this Year?

Last updated: Aug. 31, 2015 
Originally published May 28, 2014. If you received a tax
instalment letter
from CRA?
Give us a call!
1.800.265.1002 CRA requires taxpayers to make quarterly tax instalments when there’s a large amount owing in previous years. If your net tax owing for 2013 or 2014 was greater … Read more

September – Time to Change Your Small Business Tax Plan?

Last updated: Aug. 26, 2015 
Whether you have kids or not, September always brings thoughts of school, changing seasons and new beginnings. So, taxes may be the last thing on your mind. That’s why FBC is here; to always be working to make your life less taxing and put more money in your pocket. The Fall … Read more

Bookkeeping, Taxes and Small Business

Bookkeeping, Taxes and Small Business

Last updated: Aug. 24, 2015 
For many small business owners, few tasks are as daunting as handling their own bookkeeping. That doesn’t have to be the case, though, in more ways than one: there’s affordable, top-shelf bookkeeping support available to farmers and small businesses across Canada, and the firms offering it can help to make paying … Read more

Is Revenue from Oil Companies for Land Lease Taxable?

Is Revenue from Oil Companies for Land Lease Taxable?

Last updated: Aug. 17, 2015 
Despite the precipitous decline in oil prices, or maybe because of it, farmers and land owners are increasingly being approached by oil companies for access to their properties for exploration of oil and natural gas resources. Although Alberta and Saskatchewan farmers have had longtime experience with this issue, Manitoba farmers are … Read more

What are Your Rights and Responsibilities During an Audit?

Rights and Responsibilities During an Audit

Last updated: Jul. 27, 2015 
What do you have to do when you’ve been audited – and what rights do you retain throughout the process? That’s the question we’ll be helping to answer today. Once you receive a notice that indicates that you’ll be audited, you need to prepare the documents requested by the CRA auditor. … Read more

What is a Notice Of Assessment?

notice of assessment cra canada revenue agency

Last updated: Jul. 22, 2015 
Canadian small business taxes can be complicated to file, and sometimes, they only get more complicated when the notice of assessment (NOA) shows up. That notice is the form that the Canada Revenue Agency sends you after they’ve reviewed the taxes that you filed – and it can open up the need for … Read more

Frequently Asked Questions: CRA audits

CRA audit

Last updated: Jul. 15, 2015 
The prospect of being selected for an audit by the CRA is likely a scary one for many business owners. But it doesn’t have to be – not if you know how the process works, and not if you have a tax company on your side with experience in audit representation. … Read more

Farmer’s Tax Calendar [Infographic]

farmers tax calendar

Last updated: Jul. 13, 2015 
Tax Season may have come and gone, but it doesn’t mean you can forget about taxes until next year. Depending on your business and whether or not CRA requires you to make quarterly instalments, there may be other tax dates that you need to remember. As a farmer you don’t want … Read more