SUCCEEDING IN YOUR FARM'S SUCCESSION

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

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.

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PLANNING A SMOOTH BUSINESS SUCCESSION WITH BUY-SELL AGREEMENTS

Sep 01, 2019 |RBC Dominion Securities Inc.

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

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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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WHAT FINANCING OPTIONS ARE AVAILABLE WHEN PURCHASING EQUIPMENT?

Apr 01, 2019 |Cameron Charlton, Senior Account Manager Agiculture, 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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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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INCOME SPLITTING THROUGH PRIVATE CORPORATIONS

Jan 01, 2019 |RBC Dominion Securities Inc.
On July 18, 2017, the Department of Finance released a consultation paper, along with draft legislation, proposing a number of tax changes that were aimed at private corporations. The changes were intended to remove the perceived unfair tax advantages...
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RETIREMENT AND ESTATE SOLUTIONS USING SURPLUS CASH IN A CORPORATION

Dec 01, 2018 |RBC Dominion Securities Inc.
As a business owner, you most likely rely on the income generated by your corporation’s business to fund your lifestyle. You may also hope that your business accumulates sufficient capital to meet your income needs in retirement. If so, you should consider...
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