grandparents take their grandchild on a walk

What is the RESP and how does it work?

Are you worried about saving for your child’s education after high school? What if we told you there’s a way you can start saving now for their future, and get a boost from the Canadian government?

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a farm family stands in front of their barn

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: Feedback from farms and small business owners

We love getting feedback on FBC Reviews, a collection of testimonials, reviews and opinions from our Members. 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 from the website.

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Should I use a RRSP or TFSA as a business owner?

Are you investing in a RRSP or TFSA? If you’re not, you’re missing out on tax savings.

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How to keep a CRA mileage log for vehicle expenses

If you’re self-employed and using your vehicle for business use, are you keeping a mileage log? If you’re audited by the Canada Revenue Agency (CRA), and you don’t have one, the CRA could reject your claims for motor vehicle expenses. Avoid CRA scrutiny with our tips and tricks on keeping a mileage log.

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a female farmer gazes into a field

Year-end tax planning for farmers

When you’re busy with the harvest, or preparing for the upcoming season, taxes are probably the last thing on your mind. But there are year-end tax planning strategies you can use now to help reduce your tax bill.

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How to use income splitting to reduce your tax bill

While there are attribution rules in place that prevent income splitting, there are exceptions to the rules you can use to make income splitting work to your advantage and grow your family wealth.

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Selling your small business: Share sale vs asset sale

If you’re selling your small business, is it better to do a share sale or an asset sale?

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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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"If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability." — Henry Ford