A private member’s bill designed to level the tax burden when selling an incorporated small business to a family member versus selling to a non-family member received final approval from the Senate on Tuesday, clearing the path for Bill C-208 to become law. The bill, brought forward by Manitoba MP Larry Maguire, addresses the issue… Read More
Search Results for: succession planning
December is often a time for reflection of the past year; then January rolls around, and our focus shifts to the upcoming 12 months. For us farmers, it means planning for the growing season. However, we belong to an industry that has so many moving parts and, after all, we all have different goals for… Read More
When we say “knowing your numbers” in agriculture, there’s knowing the basics, then there’s the level of today’s guest. In this RealAg LIVE! host Kara Oosterhuis is joined by Kristjan Hebert, farmer at Fairlight, Sask., with a CPA and a firm background that helps him increase revenue for his farm and for others. RealAg LIVE!… Read More
Everywhere you turn in the past five months, people have been having conversations about how life is different during the pandemic, but dare I say, it hasn’t changed a whole lot, when it comes to many farmers’ schedules. For now. With some notable exceptions for those with school-aged children, hogs or cattle that can’t be… Read More
It was a very frosty week in Saskatchewan, which felt just right at -50 degrees Celsius. Inside the walls of Prairieland Park at the Crop Production Show, farmers were in a relatively good mood despite roughly 10% of the 2019 crop still out in the fields. After three days at the show, I decided to… Read More
When a farm business transitions from one generation to the next, there’s a laundry list of technical things to do — business structure changes, estate planning, loans, and insurance. But there’s more to farm succession than just the technical aspects, and Farm Credit Canada (FCC) has created a new role within the organization to help… Read More
Perhaps more contentious than the buy versus rent debate is the question of when and why to incorporate the farm. The federal government proposed sweeping changes to how taxes were calculated for corporations last summer. The changes were met with significant push-back from the farm community, as the new rules would have a significant impact… Read More
Spoiler alert: if you’re headed to TechTour LIVE in Red Deer on Thursday or Lethbridge on Friday, this post contains some highlights and a preview of what you can expect! The TechTour Live bus is rolling west across Western Canada, as the four-cities-in-four-days event tour hosted by RealAgriculture and Corteva Agriscience kicked off in Brandon… Read More
Agriculture groups are among more than 40 national organizations that have formed a coalition to fight the federal government’s proposed tax changes for incorporated businesses. The Coalition for Small Business Tax Fairness sent a letter to Finance Minister Bill Morneau asking him to take the proposal off the table. “In ten years at the Canadian… Read More
Canada’s National Organic Week kicked off on Saturday, September19. It’s a week to celebrate organic agriculture, organized and presented by Canada Organic Trade Association, Canadian Organic Growers and Canadian Health Food Association. Whose celebrating #OrganicWeek today? Hit reply and tell us how! — Organic Week (@organicweek) September 21, 2015 “Organic Week is the largest annual celebration… Read More
The Canadian Total Excellence in Agricultural Management (CTEAM) course offered by Agri-Food Management Excellence (AME) is open for fall registration until October 30, 2015. CTEAM is a national farm management training program for farmers and ranchers, that uses participants’ own farm data to create a strategy and develop a plan specifically for their farm or ranch. Coaching… Read More
Tuesday nights are pretty important on Twitter if you’re involved in agriculture. Tuesday nights are #AgChat nights — a few hours of moderated conversation on a particular topic of interest for farmers, industry and anyone else interested in agriculture. Last night’s topic was farm business management. Farmers and aspiring farmers alike weighed in on questions… Read More
If you really examine the issues that family farms face you might conclude that they are set up to fail. I am not talking about challenges like low commodity prices or high input costs. What I mean by this is that families that farm together really face tough battles that are different than regular corporate… Read More