Articles: Financial Planning

Last updated: Oct. 7, 2019 When you first wake up, you might check your email or scroll through Instagram on your phone, which makes mobile apps your first touchpoint of the day. You might also check your bank account, or shop online, or listen to music. Like a growing number of Canadians, you could order your … Read more

Last updated: 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 recent reviews. FBC On-Site Tax Appointment We’ll come to your home or place of business to understand the details of your operation and … Read more

Last updated: Jul. 31, 2019 If you’re a small business owner and are thinking about selling your business, it’s a good idea to start succession planning. According to the CFIB, the vast majority of business owners (81 per cent) intend to sell or transfer their business to retire, although only a fraction of them have started … Read more

Last updated: 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 (RSP) for your employees? How does a Group RSP work? A Group RSP is a group retirement savings plan managed and … Read more

Last updated: Jun. 10, 2019 Will planning may not be at the top of your to-do list, but a will is the foundation of your estate planning, helping protect your family and assets. And the sooner you make a will, the better. You are not legally required to make a will, but in Canada if you … Read more

Last updated: May. 9, 2019 It takes a lot of work to get a business up and running, and even more work to make it a success. There are also a lot of things that need to be done when closing a business, whether it’s a sole proprietorship, partnership or corporation. Taking care of any tax … Read more

Last updated: May. 8, 2019 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 … Read more

Last updated: Mar. 13, 2019 Each year, business owners spend significant money on health care expenses for both their employees and themselves. Setting up a Health Spending Account (HSA) is an affordable way for Canadian small business owners to minimize their medical expense costs. Why an HSA? A Health Spending Account is a tax-efficient way to … Read more

Last updated: Jan. 30, 2019 Don’t Be Scared of Retiring Planning for retirement can be a daunting task if you’re going it alone. While some companies may provide pensions, Canadians who have small businesses, farm, or are in certain trades may not have this umbrella. Maximizing your tax savings and planning for your retirement alongside your … Read more