a farm family stands in front of their barn

Why farm succession planning is so important

Sep 30, 2019
Having an estate plan that includes a Will is critical to having your assets distributed as you wished through the hands of your chosen executor after your death. Without a Will, the courts may appoint someone to liquidate or distribute your assets in a manner you might never have intended.

Tags: Farm Risk Management, Farm Taxes, Financial Planning, Tax Consultation, Tax Planning, Tax Preparation

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FBC Reviews from farm & small business owners

Sep 26, 2019
If you want to read more about why our Members love our year-round, personalized, all-in-one solution for their farm or small business, here are some of our favourite reviews.

Tags: Farm Taxes, Financial Planning, Small Business Taxes, Tax Consultation, Tax Planning, tax representation

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a hand writing the word TAX on a piece of paper

What to look for on your Notice of Assessment

Jul 18, 2019
After you file your tax return, you’ll be issued a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). We provide some tips on what to look for when you receive your NOA, common reasons for discrepancies between your NOA and tax return and how to handle them.

Tags: Audit Representation, Farm Taxes, Financial Planning, Legal & Compliance, Small Business Taxes, Tax Consultation, Tax Planning , Tax Preparation

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A jar full of money

Is a Group RSP right for your small business?

Jul 10, 2019
You’re likely familiar with the Registered Retirement Savings Plan (RRSP), which gives Canadians a way to shelter income tax until retirement, but have you considered a Group Retirement Savings Plan for your employees?

Tags: Financial Planning, Small Business Taxes, Tax Preparation, Tax Consultation, Tax Planning

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a mother plays with her child on the floor

Who can use the Canada Child Benefit

May 29, 2019
If you're self-employed and have children, take advantage of the Canada Child Benefit, a tax-free monthly payment for those with children under the age of 18.

Tags: Tax Consultation, Tax Preparation , Tax Planning, Farm Taxes

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Cottage on the lake

How the Sharing Economy Impacts Your Taxes

May 08, 2019
Discover how the sharing economy can impact your taxes.

Tags: Audit Representation, Bookkeeping, Farm Risk Management, Farm Taxes, Tax Planning, Financial Planning, Small Business Taxes, Tax Preparation

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Tax Tips for Bringing Personal Assets into a Business

Tax Tips for Bringing Personal Assets into a Business

Apr 17, 2019
Transferring personal assets into a small business is not uncommon, but there are a number of costly tax implications that follow these types of transfers.

Tags: Small Business Taxes, Tax Consultation

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Ontario Budget Report 2019

Ontario Budget Report 2019

Apr 11, 2019
The Ontario 2019 provincial budget includes a range of cost-cutting measures to help move the province towards a balanced budget but also introduced key spending initiatives. The budget focused on 4 key initiatives: Deficit reduction; Child-care support; Education and Healthcare; and Transit.

Tags: Small Business Taxes, Tax Consultation

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Beware of Fake CRA Communities and Email Scams

Beware of Fake CRA Communities and Email Scams

Apr 10, 2019
Protect Yourself from CRA Tax Scammers: Tax scammers pretend to work for the CRA looking to steal your personal financial information and identity.

Tags: Tax Consultation

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8 Reasons Why Your Small Business Should Hire a Bookkeeper

Why Your Small Business Should Hire a Bookkeeper

Apr 03, 2019
If you’re a small business owner and don’t like number crunching, hiring a bookkeeper can help you save valuable time and money, especially during tax season.

Tags: Bookkeeping, Small Business Taxes, Tax Consultation

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