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
Hundreds of thousands of Canadians transitioned to working from home when the COVID-19 outbreak was declared a pandemic. If you’re one of them, you know that working from home comes with its own costs (heating, electricity, maintenance). As a small business owner, you can deduct expenses for the business use of a work space in … Read more
Last updated Feb. 16, 2021. While the federal government extended tax filing and payment deadlines in 2020 to provide some short-term relief to Canadians grappling with the pandemic, it’s unlikely they’ll extend them again in 2021. Take note of the tax deadlines for 2021 so you don’t end up paying interest or penalties on late filing or … Read more
If you’re self-employed or a small business owner, you know how quickly business expenses can add up. Luckily, there are plenty of tax deductions you can take advantage of to lower your taxes. We’ve compiled this list to make sure you’re not overlooking any of the tax deductions available to you as a business owner. … Read more
We love hearing from farmers and small business owners on what they like about being a FBC Member. Here are some of our favourite recent FBC reviews. FBC On-Site Tax Appointment Our Members tell us they appreciate the convenience of an on-site tax appointment at their home or business. Always available to answer questions. Meet … Read more
Last updated November 30, 2020. Does the thought of organizing your receipts fill you with dread? We get it. It can seem overwhelming to keep track of your receipts on top of the demands of running your own business. It may not be at the top of your list, but if you’re self-employed or a … Read more
The sharing economy is a kind of shadow economy, where private individuals share products or services, either for free or at a cost. Sharing economy arrangements are typically conducted online, through a community-based website. The sharing economy is hardly new. For thousands of years people have shared their assets, but the internet has taken it … Read more
If you’re a small business owner chances are you like doing things on your own. While there are a lot of benefits to running your own business, unless you love math and crunching numbers, odds are bookkeeping and preparing your taxes are not something you love to do. If this is the case, where do … Read more