Articles & Resources
New Rules for Corporations in Saskatchewan
The Business Corporations Amendment Act, 2020 (Saskatchewan)[1], 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
Acting pursuant to a Power of Attorney? Know your duties and obligations!
A Power of Attorney instrument is a legal document in which a person appoints another person to act on their behalf with respect to their personal, property, and/or financial affairs. There are many reasons why a person might appoint someone to act on their behalf pursuant to a Power of Attorney document. One of the […]