grandparents take their grandchild on a walk

What is the RESP and how does it work?

Oct 11, 2019
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?

Tags: Financial Planning, Tax Consultation, Tax Planning, Tax Preparation

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small business owner looking at an app

7 ways a mobile app can help your small business

Oct 07, 2019
With so many Canadians incorporating apps into their daily habits, it’s tempting to find a way to get in your customer’s pocket (or purse). But what are the benefits of a mobile app for your small business? Is it worth the investment?

Tags: Business

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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 logo super-imposed over a laptop

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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stacks of gold coins

Should I use a RRSP or TFSA as a business owner?

Sep 18, 2019
Are you investing in a RRSP or TFSA? If you’re not, you’re missing out on tax savings.

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

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a couple discusses tax strategies over a tablet

How to use income splitting to reduce your tax bill

Aug 14, 2019
While there are attribution rules in place that prevent income splitting, there are exceptions to the rules you can use to make income splitting work to your advantage and grow your family wealth.

Tags: Financial Planning, Tax Planning

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woman looking at a cash flow statement

5 cash-flow mistakes small business owners make

Aug 09, 2019
One of the most important things you can do for the financial health of your small business is to monitor your cash flow - the amount of money going in and out of the business. Sounds simple, right? But many small business owners find themselves with unexpected shortfalls.

Tags: Financial Planning

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small business owner poring over paperwork

Selling your small business: Share sale vs asset sale

Jul 31, 2019
If you’re selling your small business, is it better to do a share sale or an asset sale?

Tags: Financial Planning, Small Business Taxes, Tax Planning

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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 jar full of money

Is a Group RSP right for your small business?

Jul 10, 2019
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 for your employees?

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

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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