Resources about tax consultations from FBC
Last updated: Aug. 29, 2018
Budget Calculator The majority of small businesses and startups (up to 80% by some counts) fail in their first 5 years. This is in part due to a lack of a realistic budget. Why this happens varies from business to business—sometimes it’s simple neglect or other times owners are overly optimistic … Read more
Last updated: Aug. 22, 2018
As you get closer to opening your own small business, there is one important question you need to answer: should you lease or buy your commercial space? As with most things, it’s not an easy question. There are pros and cons to each option and making a final decision requires a … Read more
Last updated: Aug. 8, 2018
Succession planning is all about finding the right strategy for selling your business or passing it onto someone else—whether it’s a family member, friend, entrepreneur, or employee. A good succession plan: Ensures the transfer of your business goes off without a hitch Protects the businesses reputation Builds value; provides financial security … Read more
Last updated: Jul. 18, 2018
Spring time and planting season are behind you. Did the equipment survive? Harvest Season will be hear soon enough. Are you in need of new equipment to bring in the crops? Or maybe you need to replace the van for your HVAC, plumbing or electrician business. One thing that farmers and … Read more
Last updated: Jul. 18, 2018
Spring time and planting season are behind you. Did the equipment survive? Harvest Season will be hear soon enough. Are you in need of new equipment to bring in the crops? Or maybe you need to replace the van for your plumber or electrician business. One thing that farmers and tradespeople … Read more
Last updated: May. 30, 2018
The Canadian Income Tax Act turned 100 last year and Canadians can be excused if they didn’t celebrate. Since its introduction in Canada in 1917, it has become a much more complex document and has grown to more than 2,000 pages in length. In 2017, the government signaled its intention … Read more
Last updated: Apr. 11, 2018
On April 10, 2018, Finance Minister Donna Harpauer delivered her first budget as Finance Minister. The Finance Minister pointed to the province’s continued shift away from a reliance on natural resource revenue as a positive sign for the economy: Natural resource revenue is projected to make up 10% — or $1.48 … Read more
Last updated: Apr. 11, 2018
What You Should Know about Foreign Investment Taxes If you have foreign investments or are thinking of investing, partnering, or expanding your business abroad, it’s important to understand the benefits of having foreign investments and understating the responsibilities of foreign investment taxes. Economically, Canada is a relatively small country when it … Read more
Last updated: Mar. 29, 2018
“A Plan for Care and Opportunity” On March 28, 2018, the Honourable Charles Sousa presented his seventh budget as Minister of Finance. The budget contains several tax measures affecting individuals and corporations, including the elimination of the high-income surtax from the calculation of total Ontario personal income tax. Highlights Surplus of … Read more