Articles & Resources
Farmland Transfers to Children Require Advance Planning
The importance of land to a farm, and a farming family, cannot be understated. There is a finite amount of land available and in many circumstances, land remains within a farming family through generations.
Legal separation in Saskatchewan
In Saskatchewan, for family law purposes you do not need to sign anything or take any specific court steps to be legally separated from your spouse. Rather, you decide when you are separated.
Do you know what happens to your Facebook account when you die?
The car. The tractor. The shares in our farming corporation. The investments.
How a team approach can make farm succession planning easier
Just like no farm is exactly the same, it is unlikely that each farm’s succession plan will be the same. Succession planning focuses not only on the current circumstances of the farm, but the future of the farm and the goals of both the current and future generation of farmers.
Tax Litigation 101: Collections
Canada Revenue Agency (“CRA”) has broad powers of collection. CRA can collect amounts owing from a taxpayer including, income tax, payroll deductions, GST/HST remittances, customs, excise and other levies, and benefit overpayments (including Canada child benefit and GST/HST credit). CRA also has the right to collect amounts owed for other government programs, such as defaulted […]
Tax Litigation 101: Objections and Appeals
When a taxpayer files a tax return with Canada Revenue Agency (“CRA”), CRA will review the return and issue a “Notice of Assessment”. This document will identify what (if any) taxes are owing in the year, as well as any applicable penalties and interest. Typically, the content of the Notice of Assessment mirrors the content […]