Articles: Tax Consultation

We love hearing from farmers and small business owners on what they like about being an FBC Member. Here are some recent FBC reviews collected through Rocket Referrals. What FBC Members love about our On-Site Tax Appointment Being a first-time business owner/operator I had the usual fears, not knowing what was going to happen, not … Read more

So you want to sell your business to another corporation with no family ties to you. That is considered an arm’s length deal and you can claim your lifetime capital exemption. Try and do the same with a family member. That’s called a non-arm’s-length deal, and a nasty bit of the Income Tax Act kicks … 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

Do you have a disability or a child with a disability? Are you worried about saving for retirement? Then you should open a Registered Disability Savings Plan (RDSP) to help you start building long-term savings. The RDSP shares some similarities with the Registered Education Savings Plan (RESP), which was set up to help parents save … Read more

On Oct. 24, 2019, Alberta Finance Minister Travis Toews presented the province’s fiscal 2019–20 budget. The minister anticipates a deficit of $8.7 billion for 2019-20 and further deficits of $5.9 billion in 2020-21 and $2.6 billion in 2021-22. A surplus of $0.6 billion is projected in 2022-23. There are no new personal tax rate changes … Read more

Justin Trudeau’s Liberal Party is back in power, but as a minority government this time after the general election on Oct. 21, 2019. The Liberals proposed several changes in their election platform that could have tax implications for small business owners and farmers. Until the federal budget gets released in Spring 2020, nothing is final. … Read more

Are you worried about saving for your child’s education after high school? What if we told you there’s a way you can start saving now for their future, and get a boost from the Canadian government? The registered education savings plan (RESP) is a savings account that can be set up by parents, grandparents, guardians, … Read more

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 complete data collection, so … Read more

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 administered by the employer … Read more

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 Benefit? The Canada Child … Read more