a hand writing the word TAX on a piece of paper

What you need to know about your Notice of Assessment

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.

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Choosing the right business structure

Choosing the right structure for your business can have implications on taxation, liability, and succession planning.

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Can you get the Canada Child Benefit if you’re self-employed?

The Canada Child Benefit is a tax-free monthly payment for those with children under the age of 18.

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3 Things You Need to Know About Taxes and the Sharing Economy

There are lots of ways Canadians are taking advantage of the sharing economy, maybe without even knowing it.

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BC Wildfire Recovery Programs Available for Farmers, Small Business Owners and Families

To assist families and businesses in recovering from the damages caused by emergencies both this year and in future years, the Province is developing a recovery plan and working to deliver support as and where they are needed.

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What to Expect from Accounting Professionals Regarding Your Family Business Taxes

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

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Converting Regular Income to Capital Gains

Government not moving forward with small business tax measures relating to the conversion of income into capital gains.

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Proposed Changes to How Passive Income is Taxed

Finance Minister Bill Morneau issued an announcement outlining how he intends to proceed with changes to how passive income earned in private companies is taxed.

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Small Business Tax Savings for Farmers

The income for Canadian farmers is rising. So too is the value of their machinery and equipment. The tax consultants at FBC can help farm operators take advantage of the various tax savings and deductions available to them.

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Changes to the Federal Tax Proposals Announced

While the government stated that it is committed to its proposed private company tax measures to address tax planning involving income sprinkling effective January 1, 2018, it is cancelling changes to limit access to the Lifetime Capital Gains Exemption (LCGE).

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“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen