Blog | FBC, Canada's Farm & Small Business Tax Specialist

What to Expect from Accounting Professionals Regarding Your Family Business Taxes

Nov 08, 2017
Accounting professionals can help family run businesses in Canada manage their business accounts, minimize taxes, maximize profits, and save money.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

5 Triggers That Can Lead to a Tax Audit

Jun 14, 2017
You might have filed your taxes and spent your refund, but you could still be asked questions or audited by the CRA. In fact, a number of risk factors can lead to a CRA tax audit.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

How Does the CRA Conduct a Business Audit?

Apr 19, 2017
Small businesses in Canada are a frequent target for CRA business audits. Knowing what to expect can help make the audit process less stressful.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

Tips on Tax Audit Protection for Small Businesses

Mar 29, 2017
Having your taxes audited by the Canada Revenue Agency is stressful and costly. Fortunately, there are steps you can take to keep your taxes in order and the CRA happy.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

Your CRA Notice of Assessment has Arrived. Now What?

Jun 22, 2016
The CRA Notice of Assessment (form T451) includes your taxable income (Line 150) and your allowable registered retirement savings plan (RRSP) contributions and tax-free savings account (TFSA) limit for the current year. Be sure to compare your notice of assessment to your filed T1 or T2 tax return.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

5 Things to be Aware of if You're Audited

Jun 08, 2016
Here are 5 things you should know about CRA tax audits: whether you've been singled out for one or not, this is information that a small business owner should know.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

What You Need to Know About a CRA Audit

May 25, 2016
If your business is audited by the CRA, there's a lot of processes that you're going to need to go through.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

Benefits of Getting Caught Up With Unfiled Tax Returns

May 18, 2016
Voluntary disclosure can help you make things right with CRA and get caught up with back taxes. By filing your taxes you could also be benefiting from tax credits and tax programs that put you ahead financially.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

What are Your Rights and Responsibilities During an Audit?

Jul 27, 2015
What do you have to do when you've been audited - and what rights do you retain throughout the process? FBC represents small business owners being audited by CRA.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

Frequently Asked Questions: CRA audits

Jul 15, 2015
The prospect of being selected for an audit by the CRA is likely a scary one for many business owners.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading
"Sometimes you can't see yourself clearly until you see yourself through the eyes of others." — Ellen DeGeneres