FACTORS TO CONSIDER FOR FARM SALES

Sep 01, 2019 |Thomas Blonde, Partner, Baker Tilly GWD

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.

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PREPARING FOR THE UNEXPECTED BETWEEN THE FAMILY FARM'S SHAREHOLDERS

Aug 01, 2019 |Brent DeKoning, Associate Advisor, Lorkovic Wealth Management

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?”

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SELLING YOUR BUSINESS

Jun 01, 2019 |RBC Dominion Securities Inc.

A checklist of tax strategies to consider when selling your business

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SALARY VERSUS DIVIDEND INCOME

May 01, 2019 |RBC Dominion Securities Inc.

The remuneration process for the owner-manager

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INVESTING IN REAL ESTATE

May 01, 2019 |RBC Dominion Securities Inc.

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,

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WHAT FINANCING OPTIONS ARE AVAILABLE WHEN PURCHASING EQUIPMENT?

Apr 01, 2019 |Cameron Charlton, Senior Account Manager Agriculture, RBC Royal Bank

The traditional train of thought is that when buying equipment, you can either pay cash or utilize loan financing. But farm business owners often have the additional option to lease equipment and can experience significant long-term benefits

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STRATEGIES TO INCORPORATE THE TAX-FREE SAVINGS ACCOUNT (TFSA) INTO YOUR FINANCIAL PLAN

Apr 01, 2019 |RBC Dominion Securities Inc.

Maximizing the potential benefits of your TFSA

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MORE TRANSPARENCY ON INVESTMENT ADVICE IS A GOOD THING

Mar 01, 2019 |Brent DeKoning, Associate Advisor, Lorkovic Wealth Management

There are 3 factors that will make up how much money is left in your pocket when purchasing an investment. One the amount of risk you are willing to take on, two how much you pay in taxes, and three how much you are paying for investment advice.

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IS IT TIME TO REVIEW AND UPDATE YOUR WILL?

Mar 01, 2019 |Brent DeKoning, Associate Advisor, Lorkovic Wealth Management

Just like land and quota prices, family dynamics, estate laws and the income tax act continue to change and evolve over time. This means that your estate plan needs to address these changes and we recommend you review it every three years

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THE TAX PITFALLS OF SELLING QUOTA

Feb 01, 2019 |Thomas Blonde, Partner, Baker Tilly GWD

January 1, 2017, the Government of Canada made changes to how quota sales are taxed. Many farmers are not aware that these changes could now result in a significant taxes owing on routine quota sales and transfers where no tax was payable in the past

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