Insights

The above article summarizes a few of the major planning items that need to be considered before and after incorporating a farm business.

If you want to start making better financial decisions and keeping more of your hard-earned money in your pocket, it starts with making better choices and getting back to the basic principles that previous generations used to compound the wealth they

For agriculture to prosper in the future, it is important to have a successful transfer from one generation to the next. Tax and other issues must be considered to ensure your farm lives on the way you’ve envisioned.

Buy-sell agreements: an integral part of a successful business succession plan

There comes a time when every farm will eventually need be sold. Whether the sale is made to the neighbour down the road or to the farmer’s children, planning needs to be done to ensure that the sale takes place in a tax efficient matter.

Very often, successful farmers have been so focused on running the day-to-day operations of their farm that don’t take the time answer a very big question: “What if something happens to me, or the other shareholders in the farm corporation?”

A checklist of tax strategies to consider when selling your business

The remuneration process for the owner-manager

There are a number of ways you may hold your investment properties. Beyond tax considerations, you may need to think about factors such as financing options and restrictions, liability and creditor protection, flexibility in tax and estate planning,