Articles & Resources

New year resolutions – making sure your estate planning is in order

Posted on December 28, 2022 in Wills & Estate Planning
by Amanda S.A. Doucette, TEP

As we enter into a new year many people turn their mind to those tasks that may have gotten pushed aside in the previous year. Making sure your estate plan is in place is one task that should be on your to do list for the new year. Putting together a plan for what will […]

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Income considerations when determining support obligations for farmers

Posted on December 12, 2022 in Family Law
by Kimberly D. Visram

In Canada, when a spousal relationship breaks down, support obligations (whether child or spousal support) are largely driven by the payor’s income. Determination of income for support purposes can be a complicated calculation, especially when a farm is involved. Income of the parties for support purposes is determined pursuant to the Federal Child Support Guidelines. […]

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Beneficial Tax Rules Still Exist – For Now

Posted on November 28, 2022 in Agricultural Business Law | Corporate, Commercial & Contract Law | Tax Planning
by Michael J. Deobald, TEP

Most business owners have heard of the capital gains exemption.  It allows farmers and other business owners to sell shares of their corporation, and farmland that has been actively farmed, without paying tax on capital gains of up to $1 million ($913,000 for non-farming businesses). This is a significant tax benefit, but: On June 29, […]

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Transferring the Farm to the Kids – New Tax Rules

Posted on November 14, 2022 in Agricultural Business Law | Corporate, Commercial & Contract Law | Tax Planning | Wills & Estate Planning
by Michael J. Deobald, TEP

When business owners retire, they often look to sell their business.  With farming, the new business owners are often one or more children.  This has historically been a problem from a tax perspective. If the parents operate their business through a corporation, the sale of the business will usually proceed by selling the assets of […]

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Executors have a high standard to live up to

Posted on October 31, 2022 in Estate Litigation | Wills & Estate Planning
by Faith Baron

If you have been appointed as an executor under a deceased’s Last Will and Testament, there are several things to keep in mind.  The most important thing to remember, however, is that an executor acts as a “trustee” of the property in the estate and is therefore subject to the highest standard the law can […]

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New Rules for Saskatchewan Corporations

Posted on October 17, 2022 in Agricultural Business Law | Corporate, Commercial & Contract Law | Tax Planning
by Jessi Brockman

Have you incorporated a company under Saskatchewan’s Business Corporations Act? If so, you should be aware of new and upcoming corporate law rules requiring the collection and maintenance of certain information for an “individual with significant control” over your corporation. I say “upcoming” because as of late July, 2021, the new rules have been enacted […]

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