Blog | FBC, Canada's Farm & Small Business Tax Specialist
Top Myths about Canadian Small Business Tax Audits

Debunking Canadian Tax Audit Myths

Feb 07, 2018
These myths about tax audits could increase your likelihood of getting audited. The tax professionals at FBC will help separate tax fact from fiction.

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When Is the Right Time for a Small Business to Hire a Tax Consultant?

When Is the Right Time for a Small Business to Hire a Tax Consultant?

Jan 17, 2018
Tax professionals provide more than just tax and payroll services, they can help your business at various stages of growth.

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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.

Tags: Audit Representation, Farm Taxes, Small Business Taxes, Tax Planning, Tax Preparation

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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.

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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.

Tags: Audit Representation, Small Business Taxes

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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.

Tags: Audit Representation, Small Business Taxes

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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.

Tags: Audit Representation, Tax Consultation, Tax Preparation

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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.

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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.

Tags: Audit Representation, Small Business Taxes

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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.

Tags: Audit Representation, Small Business Taxes, Tax Preparation

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