BEFORE AND AFTER INCORPORATING YOUR FARMING BUSINESS

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

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

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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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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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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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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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PROPRIETOR, PARTNERSHIP OR CORPORATION:HOW SHOULD I STRUCTURE MY BUSINESS?

Nov 01, 2018 |Thomas Blonde, Partner, Baker Tilly GWD

One of the most common questions we accountants get from our farming clients is whether to structure their business as a proprietorship, partnership or corporation

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