Putting more money in your pocket

®

Canada’s Farm Tax Specialists

FBC has a long standing Relationship with Farm owners

FBC has been providing tax preparation services to farm owners for over 50 years

Our longest standing farm Member has been with FBC since 1952

Canada’s Farm Tax Specialists

FBC Prepares Tax Returns For Over 45,000 Farm and business Members Each

Year

We keep on top of tax changes that can save you money

Our Tax Guard™ system looks at up to 40 different tax scenarios to ensure that your return provides maximum benefit for your unique situation

An FBC tax specialist will come to your home or place of business to collect your tax data to save you valuable time

Canada’s Farm Tax Specialists

The FBC Difference

FBC’s long standing experience with farm owners combined with our Tax Guard system offers more depth and specialization than the traditional accountant approach

Our in-home service ensures that your unique needs are understood and the best possible tax return to save you money is provided

Canada’s Farm Tax Specialists

High Quality Specialized Tax Services

Minimize tax

Maximize credits

Protect assets

The Challenge

Holding on to your money

Canadian Income Tax legislation is always changing and becoming more complex every day.

Canadian tax laws are so complex they demand highly skilled tax experts. True tax specialists are few and too expensive for many farm businesses to afford.

Traditional accounting firms: small independent preparer or large expensive firm? How about a better solution?

The Challenge

Facts

321,500 reviews, examinations, audits by CRA in 2008

13.4% of businesses audited in 2008

$2.1 Billion in additional tax collected from small businesses

Canada’s Farm Tax Specialists

The government has only one source of money

YOU AND ME!

The Solution: FBC

Specializing in Farm and business Tax Issues

The high-value alternative to traditional accounting approach, FBC is always working proactively to put money in our clients’ pockets

We travel, you focus on your business Understand you and your business Find ways to minimize taxes, maximize credits Nothing is missed Better accuracy

Farm Tax Specialists who come to YOU

Our 4 Pillars of Service

1. Planning

2. Preparation

3. Consultation

4. Protection

Planned Strategies to Ensure You Pay Minimum Tax – No Gambling!

New Member Tax Profile

Establish Tax History

CRA records comparison

Business structure assessment

Planning

Planning

Annual Tax Review

Identify Tax Saving Opportunities

Goal: Minimize taxes Maximize credits Protect assets

Many Ways to Look at Tax Situation

Many Ways to Look at Tax Situation

Planning Optional Service

Early Tax Call (ETC)

$5,326 per Member in tax savings

Tax year specific Income Tax Planning Report

Income and Expense Projections to year end

Specific recommendations to reduce current tax load

Planning

Optional Inventory Adjustments (OIA)

$185 Million

Future tax savings

Planning

Estate Planning

Half of your money to the government?

80% of business owners at risk

In the event of your death, the Income Tax Act deems that all business assets have been sold at Fair Market Value at your time of passing. This means that taxes are due and payable, prior to and regardless of any bequests in your will.

Planning

FACT

Planning

FBC General EstatePlanning

Tax Planning for the transfer of your business assets to family or a third party

Tax perspective retirement planning

Planning

Estate Planning

Included at no extra charge

in FBC membership

Planning

Update Retirement Plans

Analyze Investment Portfolio

Review and recommend changes to wills

Preparation

Importance of Keeping Good Records

Compliance with CRA Tax planning Maximize Tax Savings Maximize GST Refunds Business management Audit defense Minimize Lending Rates and Maximize Available

Credit with banks

Preparation

Record Keeping – FBC Helps

Review and provide suggestions to improve accuracy

Provide an easy to use record keeping system Provide ongoing assistance with accounting

decisions such as current or capital expense

Preparation

Source and Application of Funds

We examine all business and personalcash incomes & expenses

Serves 3 important purposes: Nothing can be missed that has tax implications No surprises in an audit You have peace of mind

Consultation

Business structure analysis and changes Purchase or sale of assets Lease or buy decisions Retirement and Estate planning Long and Short Term Tax Plans

Consultation

Business sale Transfer of family business Email important bulletins

Consultation

Risk ManagementAgriInvest & AgriStability

Replaces CAIS

Combines Income Stabilization and Disaster Protection

FBC helps you get the most from the program

Pillar #4: Protection

Your are No Longer

ALONE When Dealing with CRA

Representation and

protection in all

tax matters

Protection

Audit Issues

CRA often has a different opinion than the taxpayer

Even when taxpayers have good records CRA assessments are made on the CRA opinion

Tax statutes are open to

interpretation

Audit Protection

FBC Solution

FBC’s long specialized experience

Audit protection all the way to Tax Court of Canada for Income Tax and GST

PST and WCB Audit representation

FBC Guiding Principles

We promise you that as an FBC Member, you will have peace of mind knowing you can trust FBC to:

1. Truly care about you and the future success of your business and to look after your best interests.

2. Do what we say we’ll do.

3. Give you a high level of service excellence.

FBC Guiding Principles

We promise to …

1. Be there when you need both personal and business

tax advice and help.

1. Handle the paperwork, hassle and complications of your tax situation so you can focus on doing what you do best.....successfully managing and growing your business.

Our Service Guarantee

We put EVERYTHING in writing, and we stand behind our tax solutions.

“If an error by FBC results in a penalty being assessed by CRA, FBC will reimburse the applicant the amount of the penalty.”

Also, if you are audited or challenged on a tax return, we’ll represent you – all the way to the Tax Court of Canada if warranted. And we’ll cover the court costs and legal fees!

Canada’s Farm Tax Specialists

Is FBC right for You.

What do you think?