How We Help

At Lorkovic Wealth Management, we know you are not only emotionally invested in your farm but also busy running it.

We are here to listen and advise you with a customized strategy to help you and your family make some of life’s most important decisions.

Our team, along with your current team of professionals focus on the farm business planning, so you and your family can have peace of mind.

Farming Insights

TRANSITION PLAN?
WHY DO I NEED
TO HAVE ONE?

 

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

SUCCEEDING
IN YOUR
FARM'S SUCCESSION

 

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

IS IT TIME TO
REVIEW AND UPDATE
YOUR WILL?

 

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

THE TAX PITFALLS
OF SELLING
QUOTA

 

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

What farming clients have to say about Lorkovic Wealth Management

 We really appreciate all you did for us in the meeting this morning. It is so helpful to have a review and to know with we are still on track with our financial plan. Thanks again for all the team does for us.  

 Your team always puts our best interest first.
Thank you for all you do for us. 

Farm Succession Webinar

Succession Planning Webinar for Farm Management Canada

Every Farm is going to be transitioned at some point in time. The majority of farmers find it to daunting or don't even know where to start. It shouldn't be that way and its not that hard.

Watch the webinars we completed with Farm Management Canada & RBC Agriculture to inspire you to start thinking about your farm succession so you are not 1 of the 91.6% that don't have a plan.

Webinar Part 1

Webinar Part 2

Upcoming Events

THE LONDON FARM SHOW

Mar 04, 2020 - Mar 06, 2020 

316 Rectory Street London, ON

DRAYTON FARM SHOW

Mar 25, 2020 - Mar 26, 2020

Drayton PMD Arena 68 Main St W Drayton, ON

CANADIAN DAIRY EXPO

Apr 01, 2020 - Apr 02, 2020

353 McCarthy Rd Stratford, ON

Articles

INTELLIGENT FARMER

10 Key Questions to Ask Yourself
Fall 2019

INTELLIGENT FARMER

Succeeding in Your Farm's Succession
Spring 2019

INTELLIGENT FARMER

Proprietorship, Partnerships or Corporation?
Fall 2018