Many family farms are deciding to incorporate, and it may be the right decision for your family’s operation as well. The primary benefit sought after through incorporation is tax savings, but there are many other benefits as it relates to estate planning and personal liability. | Getty Images

Incorporating the family farm can have its advantages

More than 25 per cent of all farming operations are incorporated, according to the 2021 Agriculture Census, and of those corporations, 87 per cent are labelled as family corporations. Statistics Canada defines a family corporation as an incorporated business operation in which an individual or members of a family own the majority of the corporation’s […] Read more