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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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7 simple ways to organize your receipts

Does the thought of organizing your receipts fill you with dread? We get it. It can seem overwhelming to keep track of your receipts on top of the busy demands of running your own business. But putting in the work now means you’ll save time when it comes to filing your taxes.

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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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What Are the Canadian Tax Responsibilities when Closing a Business?

There are a lot of steps you need to take when closing your business. Not knowing what the tax obligations are could end up costing you a lot of money.

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Tax Tips for Bringing Personal Assets into a Business

Tax Tips for Bringing Personal Assets into a Business

Transferring personal assets into a small business is not uncommon, but there are a number of costly tax implications that follow these types of transfers.

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Ontario Budget Report 2019

Ontario Budget Report 2019

The Ontario 2019 provincial budget includes a range of cost-cutting measures to help move the province towards a balanced budget but also introduced key spending initiatives. The budget focused on 4 key initiatives: Deficit reduction; Child-care support; Education and Healthcare; and Transit.

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8 Reasons Why Your Small Business Should Hire a Bookkeeper

8 Reasons Why Your Small Business Should Hire a Bookkeeper

If you’re a small business owner and don’t like number crunching, hiring a bookkeeper can help you save valuable time and money, especially during tax season.

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5 Tax-Saving Strategies for Canadian Small Business Owners

There are a number of simple, effective money-saving strategies that small business owners can use to optimize their year-end tax planning.

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How Small Business Owners Can Pay Less Tax

Using the tax professionals at FBC can help Canadian small business owners maximize their deductions and credits and minimize their tax burden.

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Five Small Business Tax Credits Canadian Business Owners construction

5 Overlooked Small Business Tax Credits

Many small business owners do not know that there are a large number of tax credits they can use to reduce their tax burden.

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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