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

Continue Reading
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

Continue Reading
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

Continue Reading
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

Continue Reading
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

Continue Reading
someone looking at an ipad and calculations

What you need to know about CRA payroll deductions and remittance as an employer

Sep 05, 2019
How to fulfill your CRA payroll obligations as an employer.

Tags: Small Business Taxes, Tax Planning, Tax Preparation

Continue Reading
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

Continue Reading
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

Continue Reading
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

Continue Reading
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

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