Articles: Tax Planning

Last updated: Aug. 31, 2020 In our last few articles we’ve highlighted elevated government spending programs and the inevitable increase in the accumulated debt to alleviate the worst economic impacts brought on by the COVID-19 pandemic. Both current and former senior civil servants, economists and at least one former prime minister are all predicting that while … Read more

Last updated: Aug. 7, 2020 Former governor of the Bank of Canada David Dodge, writing on behalf of the C.D. Howe Institute while referring to the government’s financial response to COVID-19, said the right decisions were probably made at the time. However, the report also stated that the government must implement a plan to “restore fiscal … Read more

Last updated: Jul. 30, 2020 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 … Read more

Last updated: Feb. 28, 2020 On March 26, 2020, Nova Scotia Finance and Treasury Board Minister Karen Casey presented the province’s fiscal 2020–21 budget. The minister anticipates a surplus of $55 million for 2020–21, and a surplus of $63.2 million, $72.5 million and $74 million in the next three years. There was a general corporate rate … Read more

Last updated: Jan. 27, 2020 Updated: November 19, 2020 Many self-employed individuals and small business owners feel overwhelmed by the demands of tax season. They often don’t know the filing requirements established by the CRA, or how back office processes can help optimize their tax return. It’s a lot to keep track of on top of … Read more

Last updated: Jan. 22, 2020 Do you get frustrated when dealing with the Canada Revenue Agency (CRA)? Do you find you’re on hold for an unreasonable amount of time? Do you think they have work to do when it comes to improving their customer service? If you said yes to any of the above, you won’t … Read more

Last updated: Jan. 1, 2020 We’re honoured when we get feedback from small business owners and farmers on what they like about FBC’s year-round Membership model. Here are some of our favourite recent FBC reviews collected through Rocket Referrals. FBC On-Site Tax Appointment Our Members love that we offer on-site tax appointments. When we collect data … Read more

Last updated: Dec. 16, 2019 You can start collecting your Canada Pension Plan benefits as early as one month after you turn 60 or as late as age 70. Many people claim that since there is no best-before date on your birth certificate and no one really knows how long they have to live, it is … Read more

Last updated: Dec. 2, 2019 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 … Read more