Last updated: May. 13, 2013
In an earlier blog post we wrote about the importance of getting started early with your tax planning. One of the key aspects of early tax planning you’ll need to consider is your company’s bookkeeping, or record keeping. Bookkeeping refers to the organization and storage of accounting and financial documents such … Read more
Last updated: May. 7, 2013
Win the Trip of a Lifetime Sponsored by FBC! UPDATE: Check out the submissions and vote for your favourites. Clear your calendar for July 21st – August 3rd, 2013. Attend the 19th International Farm Management Congress in Poland this summer, all expenses paid. Produce a 1-minute video demonstrating Canadian Farmers Managing … Read more
Last updated: May. 6, 2013
Whew! The April 30th tax deadline has come and gone and you did it. You filed your 2012 taxes on time. Congratulations! You deserve a pat on the back. OK. Now let’s get back to work. If you’re like many taxpayers, your tax season was chaotic, disorganized, and stressful. How can … Read more
Last updated: May. 5, 2013
It’s probably not news to you, but the HST in British Columbia, which is a combination of a 5% federal component and a 7% provincial component, will be replaced by the Goods and Services Tax (GST) and a B.C. provincial sales tax (PST) on April 1, 2013, subject to some transitional … Read more
Last updated: Apr. 29, 2013
Canadian taxpayers owe the Canada Revenue Agency (CRA) $29 billion in unpaid taxes according to a recent article in the National Post. The article states that the growth in tax debt in recent years — according to CRA officials — can be attributed to a number of factors, including: An increase in overall … Read more
Last updated: Apr. 24, 2013
The tax deadline is April 30 — less than a week away. For many Canadians, this means searching a mountain of paperwork for missing tax slips, scouring wallets for wayward receipts and making the annual visit to the accountant for tax preparation. But for some, April 30 will come and go … Read more
Last updated: Apr. 22, 2013
FBC is proud to support national charities and local programs that work to strengthen the communities in which we operate. One of the charities that we’re honoured to support is Kids Help Phone. This organization provides counseling to kids, teens and young people by phone or online during times of … Read more
Last updated: Apr. 22, 2013
It’s tax season! It’s the time of the year you start seeing tax preparation kiosks popping up at your local shopping mall. As a small business owner, are you considering using one of these “pop-up tax professionals” or will you go it alone? Or, perhaps you’re expanding your search for tax … Read more
Last updated: Apr. 7, 2013
A registered education savings plan (RESP) is a contract between an individual (the subscriber) and a person or organization (the promoter). Under the contract, the subscriber names one or more children as beneficiaries and agrees to make contributions for them. The promoter agrees to pay Educational Assistance Payments (EAPs) to the … Read more