New Taxes for Small Company Passive Income

The federal government made some interesting proposals for the treatment of certain taxable income for this year's federal budget. The draft summarizes the way passive investments held by small private corporations are to be treated. In this blog post we will cover a couple of important points for our farming and professional clients who are... Continue Reading →

Lessening the Sting of the AMT After Land Sales

Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. A couple we'll call Herb, who is 67, and his wife, Mary, 60, farm... Continue Reading →

Grandchild Will Inherit Widow’s Farm

Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. Celeste, as we'll call her, is 75. She lives in south-central Manitoba and owns... Continue Reading →

Time to Decide What To Do With the Land

Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. In southern Manitoba, a widow we'll call Eleanor, 73, wants to decide what to... Continue Reading →

Life Insurance Backs Succession Plan

Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. A couple we'll call Martha, 60, and Max, 61, farmed in south-central Manitoba for... Continue Reading →

Purchasing the Family Farm: Three sons want to buy the family farm. Purchase costs could ruin the plan

Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. A couple we'll call Jack and Terri, both 63, have farmed in south-central Manitoba... Continue Reading →

Federal Tax Changes for Small Corporations Relaxed

The updated Federal budget was presented on Tuesday of this past week. There are a few changes from the originally proposed outline are important to keep in mind. The July 2017 proposals took a somewhat draconian¬†approach to the receipt of passive income inside small corporations (interest, rental income, and dividends received). Any passive income generated... Continue Reading →

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