Tax Planning | FBC, Canada's Farm & Small Business Tax Specialist

Tax Planning

A plan that maximizes your savings, to maximize your life.

Tax Planning

Tax planning is the most important part of the FBC Services. If you fail to plan, you plan to fail.

service details

 

New Member Tax Profile

When you join FBC, we review your previous 3 years’ tax returns.

During our initial tax review of your situation, we look your past income tax returns and notices of assessment, your existing business structure, and your personal and family tax situations and meet with you to discuss your short and long-term tax goals. This builds a strong database for future analysis and helps us establish future tax-saving strategies for you, and ultimately ensures you are better off financially over the long term.

 

 

Plan To Succeed

Early Tax Call

Our "early tax call" is a pre-year-end tax planning analysis that allows you to use a variety of strategies designed to put more money in your pocket during current and future years.

If your business is incorporated, before your year-end is also when you should make decisions on the best method of compensation for owner-managers and other corporate shareholders. This analysis ensures that you get the maximum benefit from our expertise in planning for your business inputs, capital assets, inventories and cash flow.

FBC Tax Advisor

An FBC Tax Planning advisor will work with our tax specialists to achieve your goals and objectives in the most cost and tax-effective manner.

Our FBC Tax Planning advisors can help you make the right decisions about your approach.

Working with your FBC tax specialist we take into account both your personal and business needs and goals to arrive at a tax solution that addresses your specific situation.

Complete Financial Security

FBC has the services you need to build a solid tax and financial foundation for your business and life.

In conjunction with our FBC Financial & Estate Planning Division, your tax advisor can advise on your complete financial security.

Request a Free Consultation

We'll do our best to accommodate or give you some alternatives.

FBC Tax, Financial and Estate Planning can help you with financial security planning matters such as:

  • Income splitting
  • Income averaging or deferral
  • Income conversion
  • Tax credit, incentive and deduction optimization
  • Business organization
  • Estate equalization for business owners Partnership agreements using buy-and-sell funding
  • Estate tax protection via tax-exempt universal life policies
  • Review of life insurance and investment portfolio
  • Retirement planning (RRSP, TFSA, RRIF, LIRA, annuities)
  • Disability, long-term care and critical illness insurance
  • Health plans for groups and individuals
  • Term, whole life, individual, and joint life insurance
  • Charitable giving
  • Educational funding
  • Mortgage/loan insurance

 

What is a Tax Plan?

A tax plan is based on your financial goals, personal tax history and business situation. We help you develop a personal, family and business tax plan that maximizes your tax savings today and over the long run. A good tax plan also reduces the chance of a CRA audit, as well as increases the chance of success if you do differ with CRA's position.

 

Year-Round Tax Planning

Tax planning is an ongoing process that minimizes taxes, maximizes credits and protects assets. We do the initial tax review of your situation when you join FBC and continue to provide tax planning strategies for you to consider on an annual basis.

Each year, FBC:

  • Reviews your previous year’s tax return and assessment notice
  • Assesses your current record keeping and reporting requirements
  • Updates strategies to reflect changes in tax legislation and your personal business situation
Integrated Approach

FBC’s integrated approach develops tax planning strategies that take your individual, family and business all into account.

We'll flag, for your consideration, tax-saving opportunities appropriate to your situation, such as:

  • Income splitting
  • Income averaging or deferral
  • Income conversion
  • Tax credit, incentive and deduction optimization
  • Business organization
Year-End Tax Planning

A pre-year-end tax planning analysis by FBC allows you to use a variety of strategies designed to put more money in your pocket during current and future years.

If your business is incorporated, before your year-end is also when you should make decisions on the best method of compensation for owner-managers and other corporate shareholders.

This analysis ensures that you get the maximum benefit from our expertise in planning for your business inputs, capital assets, inventories and cash flow.

Connect with your Local Tax Consultant to learn more

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