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Salary or dividends: Which one is right for me?

Choosing to pay yourself a salary or dividends will depend on your personal and business needs. Find out the differences and what each option could mean for you when deciding how to structure your compensation.

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The tax implications of selling your business

Selling your business to a family member has significant tax implications. Find out how an arm's length deal and a non-arm's-length deal are treated by the CRA.

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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.

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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.

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Alberta budget report 2019

On Oct. 24, 2019, Alberta Finance Minister Travis Toews presented the province’s fiscal 2019–20 budget. Our tax analysts have reviewed the updates and listed the highlights.

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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.

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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.

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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.

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What to look for on 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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Is a Group RSP right for your small business?

You’re likely familiar with the Registered Retirement Savings Plan (RRSP), which gives Canadians a way to shelter income tax until retirement, but have you considered a Group Retirement Savings Plan for your employees?

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"You must gain control over your money or the lack of it will forever control you." — Dave Ramsey