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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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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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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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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TRANSITION PLAN? WHY DO I NEED TO HAVE ONE?

Nov 01, 2018 |Brent DeKoning, Associate Advisor, Lorkovic Wealth Management

Have you ever talked about putting a plan in place for a transition of your farm? Reality is that every farm will be transitioned at some point in time and it will be done one of two ways. As a voluntarily transfer to a family member or 3rd party, or

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