a farm family stands in front of their barn

Why farm succession planning is so important

Sep 30, 2019
Having an estate plan that includes a Will is critical to having your assets distributed as you wished through the hands of your chosen executor after your death. Without a Will, the courts may appoint someone to liquidate or distribute your assets in a manner you might never have intended.

Tags: Farm Risk Management, Farm Taxes, Financial Planning, Tax Consultation, Tax Planning, Tax Preparation

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FBC Reviews: Feedback from farms and small business owners

Sep 26, 2019
We love getting feedback on FBC Reviews, a collection of testimonials, reviews and opinions from our Members. 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 reviews from the website.

Tags: Farm Taxes, Financial Planning, Small Business Taxes, Tax Consultation, Tax Planning, tax representation

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a woman looks at her mileage app while exiting her car

How to keep a CRA mileage log for vehicle expenses

Sep 13, 2019
If you’re self-employed and using your vehicle for business use, are you keeping a mileage log? If you’re audited by the Canada Revenue Agency (CRA), and you don’t have one, the CRA could reject your claims for motor vehicle expenses. Avoid CRA scrutiny with our tips and tricks on keeping a mileage log.

Tags: Farm Taxes, Small Business Taxes, Tax Planning, Tax Preparation, Trades Taxes

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a female farmer gazes into a field

Year-end tax planning for farmers

Aug 23, 2019
When you’re busy with the harvest, or preparing for the upcoming season, taxes are probably the last thing on your mind. But there are year-end tax planning strategies you can use now to help reduce your tax bill.

Tags: Farm Risk Management, Farm Taxes, Tax Planning, Tax Preparation

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Our favourite small business podcast episodes from July 2019

Jul 26, 2019
We list our favourite podcasts from the month that offer inspiration, advice and interesting information for small businesses.

Tags: Small Business Taxes, Farm Taxes

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a hand writing the word TAX on a piece of paper

What you need to know about your Notice of Assessment

Jul 18, 2019
After you file your tax return, you’ll be issued a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). We provide some tips on what to look for when you receive your NOA, common reasons for discrepancies between your NOA and tax return and how to handle them.

Tags: Audit Representation, Farm Taxes, Financial Planning, Legal & Compliance, Small Business Taxes, Tax Consultation, Tax Planning , Tax Preparation

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a calculator, laptop and notepad used for receipt organization

7 simple ways to organize your receipts

Jul 04, 2019
Does the thought of organizing your receipts fill you with dread? We get it. It can seem overwhelming to keep track of your receipts on top of the busy demands of running your own business. But putting in the work now means you’ll save time when it comes to filing your taxes.

Tags: Bookkeeping, , Financial Planning, Small Business Taxes, Tax Planning, Tax Preparation

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Choosing the right business structure

Jun 18, 2019
Choosing the right structure for your business can have implications on taxation, liability, and succession planning.

Tags: Small Business Taxes, Farm Taxes, Legal & Compliance, Tax Planning

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Can you get the Canada Child Benefit if you’re self-employed?

May 29, 2019
The Canada Child Benefit is a tax-free monthly payment for those with children under the age of 18.

Tags: Tax Consultation, Tax Preparation , Tax Planning, Farm Taxes

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Cottage on the lake

3 Things You Need to Know About Taxes and the Sharing Economy

May 08, 2019
There are lots of ways Canadians are taking advantage of the sharing economy, maybe without even knowing it.

Tags: Audit Representation, Bookkeeping, Farm Risk Management, Farm Taxes, Tax Planning, Financial Planning, Small Business Taxes, Tax Preparation

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"It's not the situation, but whether we react (negative) or respond (positive) to the situation that's important." — Zig Ziglar