Farmers make a huge financial investment year after year with a high risk of not recovering that investment. They can be left in a tough financial position if the weather does not co-operate or the markets drop. Farmers can mitigate this risk by diversifying their operations with different products, but there is still some risk […] Read more
Stories by Colin Millar
Associated corporations among family have tax consequences
There are many reasons for in-corporating a farm, from gaining lower tax rates to restructuring how the farm is run. However, the benefits can be re-duced if the corporation is deemed to be “associated” with another corporation. Recognizing when your corporation would be considered associated and the impact it has on your business may change […] Read more
