Canada-wide Toll Free:

Small Business Taxes

FBC Reviews from farm & small business owners

FBC logo super-imposed over a laptop

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

CRA payroll obligations employers need to know

someone looking at an ipad and calculations

Last updated: Sep. 5, 2019 
Granted, payroll obligations are not a simple procedure and the red tape may seem overwhelming at times but it is one area that attracts close scrutiny from the Canada Revenue Agency (CRA). Essentially, you have to record and remit deductions for Canada Pension Plan (CPP), employment insurance (EI) and all federal, … Read more

Our top picks for August 2019

woman looks at her laptop

Last updated: Aug. 26, 2019 
In August, we learned about the best way to engage your email list, how to connect with consumers, why you should spend time upgrading old blog content, and the importance of slowing down. Here’s a list of our top picks from around the web that offer inspiration, advice and interesting information … Read more

Selling your small business: Share sale vs asset sale

small business owner poring over paperwork

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

Our favourite small business podcasts from July 2019

headphones placed on a laptop

Last updated: Jul. 26, 2019 
In July, we listened and learned how blogging is far from dead, why it’s critical to devote time to recovery as a small business owner, the importance of women investing in early-stage companies, what the Beyond Meat burger could mean for Canadian pulse growers, and how to navigate an ownership transition. … Read more

Is a Group RSP right for your small business?

A jar full of money

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

Who can use the Canada Child Benefit

a mother plays with her child on the floor

Last updated: May. 29, 2019 
The more tax credits you can take advantage of, the lower your taxable income will be. There are some refundable tax credits you can use even if you don’t owe any taxes. Keep reading to discover an important tax tip if you’re self-employed and have children. What Is the Canada Child … Read more

Canadian Tax Responsibilities when Closing a Business

A "Sorry, we're closed" sign on a store window

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

How the Sharing Economy Impacts Your Taxes

Cottage on the lake

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