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Blog Farming and agriculture
Cut your tax bill by selling farmland strategically
Farms, often owned as sole proprietorships or partnerships, are taxed on capital gains when transferred to the next generation or sold to a third party.
Luc Joye Feb 24, 2022
Farm Series ( use going forward)
Audit and accounting Private enterprise Grants and incentives Tax advisory
Updates to employer-provided benefits and work from home expenses relating to COVID-19
The Canada Revenue Agency’s (CRA) shutdown of its EFILE, ReFILE, and T1135 web services signals the onslaught of yet another tax-filing season, and the process has already begun. 
Feb 23, 2022
Dark stormy waters with a big whitecap.
Business advisory services Private enterprise Grants and incentives
AgriStability changes: is it time to participate (again)?
Amid numerous pandemic support programs, farm businesses may overlook AgriStability. Changes announced in March 2021 improve income support for producers, and these opportunities should not be missed.
Kyle Martin Jan 19, 2022
Green farm land with varying grass lengths creating an interesting organic pattern.
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Succession and estate planning
Is it Time to Start my Succession Plan?
Is it time to create a succession plan? A recent survey by the Canadian Federation of Independent Business (“CFIB”) reported that 42% of small business owners now expect to retire later than planned because of COVID-19.  This has significant implications for Canada’s economy, aging entrepreneurs and their families.  
David Laycraft Dec 21, 2021
Publications-Is it Time to Start my Succession Plan?
Does Buying a Business Make Sense?
With a reported 60% of small and medium-sized Canadian business owners being 50 or older, it is expected that the supply of businesses-for-sale will increase in the coming years.  Buying an existing business can have many benefits over starting from scratch, but overlooking the faults of an existing business can lead to losses and headaches. 
David Laycraft Dec 21, 2021
Publications-Does Buying a Business Make Sense?
Importance of Employee Benefits Plans
With the economy opening back up and the world slowly transitioning back to normal, business owners are looking at the future of their companies. One of the critical challenges for this post COVID world is a company’s ability to attract and retain top talent. Employee Benefits can set you apart from other companies and attract the applicants you are looking for.
Dec 21, 2021
Publications-Importance of Employee Benefits Plans
Tax advisory
Immediate expensing: buyer beware
As part of the federal government’s economic recovery plan, Budget 2021 proposes new measures that provide Canadian-controlled private corporations (CCPCs) the ability to immediately expense certain capital purchases acquired on or after April 19, 2021.
Ruphina Kaulback Dec 16, 2021
Dark stormy waters with a big whitecap.
Audit and accounting Private enterprise Tax advisory
2021 Economic and Fiscal Update
On Dec. 14, 2021, the Economic and Fiscal Update was provided by Deputy Prime Minister and Minister of Finance, The Honourable Chrystia Freeland, P.C., M.P.
Dec 15, 2021
A close-up of a blue gemstone.
Business advisory services Private enterprise
Managing banking relationships in agricultural organizations
For many agricultural organizations, their chosen financial institution is a significant partner in the success of the operation. With increasing consolidation of farm corporations, credit facility agreements are becoming larger and more complex. Reporting frequency has increased, covenants have been added, and many institutions are seeking forward-looking projections. 
Candice McKay Dec 10, 2021
Green farm land with varying grass lengths creating an interesting organic pattern.
Business advisory services Private enterprise
Receive value for your values
Historically, the success or failure of most brands has been a direct result of products and services.
Dec 6, 2021
Publications-Receive value for your values
Business advisory services Audit and accounting Private enterprise Tax advisory
When should farmland be owned by a holding company?
Most farmers understand that there are many tax advantages to owning farmland. However, more complicated structures are sometimes needed for those advantages to be realized. One such structure involves owning farmland in a holding company.
Thomas Blonde Nov 23, 2021
Green farm land with varying grass lengths creating an interesting organic pattern.
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