TFSA limit for 2021 announced

Now that we’ve entered a new year, it’s a good time to plan for your annual tax-free savings account (TFSA) contribution.

Tags:

Continue Reading

FBC Member Spotlight: Canada's Grocery Store and More

When the Endako Mine closed at the end of 2014, the Village of Fraser Lake lost its biggest employer. About a year later, the only grocery store in the community closed too. It was a tough time for the town. That’s when Lori and Bobby Hurry decided it was time to do something about it.

Tags: Small Business Taxes

Continue Reading

Why you need a year-end tax plan

Year-end tax planning means working with your tax or financial advisor before the end of the year to analyze your financial exposure to various tax scenarios. That way you can move quickly to minimize any adverse effects of changes in tax structure.

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

Continue Reading

Potential tax implications of COVID-19 spending

What are the tax implications of the government’s financial response to COVID-19? Our columnist outlines a few possibilities.

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

Continue Reading

FBC Reviews

We love hearing from farmers and small business owners on what they like about being a FBC Member. Read some of our favourite FBC reviews.

Tags: Bookkeeping, Farm Taxes, Financial Planning, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation, Trades Taxes

Continue Reading

Understanding the Registered Disability Savings Plan

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.

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

Continue Reading

What is the RESP and how does it work?

Are you worried about saving for your child’s education after high school? Learn more about the RESP and how you can start saving now for your children's future, and get a boost from the Canadian government.

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

Continue Reading

7 ways a mobile app can help your small business

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

Continue Reading

Why farm succession planning is so important

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 Reviews from farm & small business owners

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.

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

Continue Reading