While a corporation can introduce benefits into a business owner’s life — hello lower corporate tax rates and liability protection — it also introduces additional complexities. There is one complexity in particular that each corporate owner must deal with annually — how are they going to get paid? There are three options: salary, dividends or […] Read more
Stories by Stephanie Maszko
It’s time to take farm estate planning back to the basics
I often choose the topic of an article based on new tax rules or trends I see in practice. However, this time I decided to try something a little different and threw out a poll on social media to see what topics may be of interest. Among the suggestions I received was a trend that […] Read more
Pros and cons to consider when planning a business sale
As the current generation of farmers heads into retirement, we are more commonly seeing family farms being sold to third parties instead of transferred to the next generation. Aside from determining the purchase price, the most important decision in a sale is how it should be structured. The two main options are a share sale […] Read more
Capital gains exemption not as tax-free as you may think
Whether you are a tax expert or not, if you farm and personally own farmland or shares in a farming corporation, you are likely to have come across three words that sound like pure gold — capital gains exemption. However, there are three other words that almost always tag along where the CGE goes — […] Read more
