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Tax Preparation

Free eBook: Tax Readiness Toolkit

Year End Tax Planning Toolkit for Small Business Owners

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

What Canadians think about the CRA’s customer service

a man is on his laptop and rubbing his forehead in frustration from dealing with the CRA

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

FBC Reviews: January 2020

a person typing on a laptop with the text FBC reviews

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

Should I take my Canada Pension Plan benefits early?

couple looking at a phone and discussing canada pension plan benefits

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

FBC Reviews: December 2019

someone on a cellphone looking at FBC Reviews

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

The tax implications of selling your business

a man selling his small business shakes someone's hand

Last updated: Nov. 8, 2019 
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 … Read more

FBC Reviews

A sign that says FBC Reviews on it

Last updated: Nov. 6, 2019 
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 … Read more

Understanding the Registered Disability Savings Plan

a man in a wheelchair is writing at a desk

Last updated: Oct. 30, 2019 
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 … Read more

Alberta budget report 2019

a notebook that says "budget 2019" on it

Last updated: Oct. 28, 2019 
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 … Read more