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Blog Farming and agriculture
Four reasons to consider renting farmland
The advantages of buying property are well known to most farmers. However, there are also several reasons it might be preferable to rent farmland.
Jul 14, 2021
Farm Series ( use going forward)
Blog Farming and agriculture
New tax savings for farmers buying capital assets
Farmers who are thinking of buying a major capital asset like machinery or equipment may soon see significant tax savings. In the 2021 federal budget, important changes were proposed to the capital cost allowance rules.
Jun 28, 2021
Farm Series ( use going forward)
Blog Farming and agriculture
The drawbacks of deferring taxes
Most businesses must pay taxes on all income, including accounts receivable and inventory in the year they are created. However, farm businesses are one of the few exceptions, as they are permitted to pay taxes on a cash basis.
Jun 17, 2021
Farm Series ( use going forward)
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Advisory Audit and assurance Succession and estate planning Farming and agriculture
Successful farm succession planning
For family farm operations to prosper into the future, it is important to have successful transfers from one generation to the next. Many tax and non-tax issues must be considered to implement a successful farm succession plan.
Thomas Blonde May 31, 2019
Green farm land with varying grass lengths creating an interesting organic pattern.
Advisory Succession and estate planning Farming and agriculture
Why Plan for Farm Succession?
<p class="p1">Despite farm groups working hard to advise farm owners of the need to plan for their eventual succession, many farmers appear to be reluctant to plan properly. Though there are many reasons, studies show that the number one reason is that it is “too early” to begin planning. But is it really too early, or is there just an unwillingness to plan for succession?
Peter Hobb Jan 6, 2016
Green farm land with varying grass lengths creating an interesting organic pattern.
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