If you’re not a farmer, but you own farmland that qualifies for the capital gain exemption, make sure you don’t pass away before using the exemption! Looking for more? Download your Farm Transition Guide Today! Farm Transition Guide A must read for anyone starting their farm transition Please enable JavaScript in your browser to complete…
Gifting the Farmland In this week’s video we review the different ways you can gift farmland to your children along with the pros and cons of both methods. Looking for more? Download your Farm Transition Guide Today! Farm Transition Guide A must read for anyone starting their farm transition Please enable JavaScript in your…
Beware of AMT Here is a quick video on what alternative minimum tax is and how it works. Enjoy! Looking for more? Download your Farm Transition Guide Today! Farm Transition Guide A must read for anyone starting their farm transition Please enable JavaScript in your browser to complete this form.Email *Name *FirstLastGet Your Guide…
Does your spouse qualify? This week we interviewed Julien Grenier, accountant and partner at Talbot & Associates. We discuss what CRA looks at when determining whether your spouse can or can’t use their capital gains exemption on the sale of your farmland. Julien can be reached at julien.grenier@talbotcpa.ca or 204-269-7460 Looking for more? Download your Farm…
Too much cash in your corp See my latest video going over a case study where one farmer thought his farm corporation qualified for the lifetime capital gains exemption but didn’t due to having too much cash. Click the buttons below for more information! Colin Sabourin is a Winnipeg based investment & financial advisor with…
Let’s Multiply Your Capital Gains Exemption As a farmer, you have a lifetime exemption of one million dollar on the sale of farmland. If you exceed that amount, you could be looking at a large tax bill. Here is an option to increase your capital gains exemption. In this video, we will show two things. First, when no plan is in place and the ensuing tax bill. Second, how your tax bill may be substantially decreased with the aid…
This quick video on trusts explains how to keep farmland within the family while being as tax-efficient as possible! Click the buttons below for more information! Colin Sabourin is a Winnipeg based investment & financial advisor with Harbourfront Wealth Management. His specialty is working with farmers who are planning to sell or transition their…
Farmland has been one of the best investments in Canada for the past 25 years.This is clearly shown by an annual growth rate averaging over 5% (as per FCC). If looked at as potential rental income, farmland generates around 7% in annual returns without the wild ride of investing in alternative asset classes. To make…
I often receive these types of calls after a farm is sold: What can I invest in that’s going to give me a reasonable rate of return? What can I invest in that is safe? What can I invest in that’s going to match the farm rent I was receiving? There are unlimited options to…
An Educational Webinar presented by Colin Sabourin CFP, CIM, CAFA, and Pierre Normandeau CPA, CGA, IMPORTANT: This webinar is for business owners who are incorporated. In the presentation, Colin and Pierre go step by step through: ➡️How Private Health Care Spending Accounts work ➡️What qualifies as a medical expense ➡️Tax benefits for the corporation ➡️What…