One of the biggest issues with an RRSP is the tax bomb it can create. We first go over the Canadian tax system to understand why this tax bomb can happen and then a strategy on how to avoid it! Looking for more? Download your 20 Retirement Tips: Your Complete Guide today! “Tons of information,…
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…
The Easiest Way to Reduce Your Tax Bill Click above to view video! Thank you for watching our video. Looking for more? Download your 20 Retirement Tips: Your Complete Guide today! “Tons of information, all in one convenient location.” Please enable JavaScript in your browser to complete this form.Email *Name *FirstLastPhone *Get Your Guide Schedule…
See my latest video on the craze that is Gamestop’s stock. I try to keep it simple so you can understand what’s going on and why this is so interesting to watch. Colin Sabourin is a Winnipeg based investment & financial advisor with Harbourfront Wealth Management. His specialty is working with farmers who are planning…
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…
Should I Be Buying RRSPs? The answer to that question is going to depend on a few different factors. This latest video can help you understand whether or not investing in RRSPs is the right decision for you. Looking for more? Download your 20 Retirement Tips: Your Complete Guide today! “Tons of information, all in…
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…