Articles & Resources
Joint Ventures: A Unique and Flexible Structure for Farms to Consider
A farm’s overall success in the short and long term has a number of factors, chief amongst them being the blood, sweat, and tears of the men and woman who operate them. Many farms are in the middle of or preparing for a transition to the next generation. The legal structure of the farm (e.g. […]
New Rules for Corporations in Saskatchewan
The Business Corporations Amendment Act, 2020 (Saskatchewan), which amends The Business Corporations Act (Saskatchewan), creates additional requirements for corporations to track and maintain certain information about “individuals with significant control”.
Farm Succession Planning with Unanimous Shareholders’ Agreements
An often-overlooked component of a business owner’s estate plan is a Unanimous Shareholders’ Agreement (“USA”). A USA can be an extremely useful tool for estate planning purposes, especially in the context of the succession of a family farming corporation.
Transferring Farm Land to Joint Names with a Child – Is it worth it?
When planning for the future, it is common for families to receive well-intentioned advice that parents should transfer their farm land into joint names with their children before they die so that their estates can avoid probate fees.
Capital Gains Exemption – Not as Tax-Free as you Thought
Whether you are a tax expert or not, if you farm and personally own farmland or shares in a farming corporation, you are likely to have come across three words that sound like pure gold — capital gains exemption (or “CGE”). However, there are three other words that almost always tag along where the CGE […]
New Reporting Rules for Trusts
Trust Law 101