Insights

2020 brings about a new decade, and a sharp reminder it was already 20 years ago that we rang in the new century! Now that I have aged you, why not double down and remind you just how different things were before Y2K almost ended the world

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

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.

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

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?”

A checklist of tax strategies to consider when selling your business

The remuneration process for the owner-manager

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

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