Under these new rules, a corporation is required to maintain a register of all individuals with significant control over the corporation. | Getty Images

Farmers must be aware of new corporation rules in Sask.

Have you incorporated a company under Saskatchewan’s Business Corporations Act? If so, you should be aware of new and upcoming corporate law rules requiring the collection and maintenance of certain information for an “individual with significant control” over your corporation. I say “upcoming” because as of late July, the new rules have been enacted but […] Read more


Aside from determining the purchase price, the most important decision in a sale is how it should be structured.  | Getty Images

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


Thinking of selling some land? Have your eyes set on another parcel? If so, you might be able to take advantage of the replacement property rules to defer the capital gain on the parcel you want to sell. | File photo

Know the tax rules when selling and replacing farmland

Thinking about selling some of that farmland that is a little too far from home or that just isn’t the right fit for your operation? Have your eyes set on another parcel? If so, you might be able to take advantage of the replacement property rules to defer the capital gain on the parcel you […] Read more

There are certain tax rollover rules designed to facilitate transfer of land from parents to children to keep it in the family without being burdened by a tax bill. | Getty Images

Farmland transfer to children requires advance planning

The importance of land to a farm, and a farming family, cannot be understated. There is a finite amount of land available and in many circumstances, land remains within a farming family through generations. There are certain tax rollover rules designed to facilitate transfer of land from parents to children to keep it in the […] Read more


An executor acts as a trustee of the property in the estate and is therefore subject to the highest standard the law can impose: the fiduciary duty. | Getty Images

Executors have a high standard that they must meet

If you have been appointed as an executor under a deceased’s last will and testament, there are several things to keep in mind. The most important thing to remember is that an executor acts as a trustee of the property in the estate and is therefore subject to the highest standard the law can impose: […] Read more

Under an enduring power of attorney, you can appoint someone to make decisions on your behalf regarding your personal or property matters. | Getty Images

Who runs the farm when you’re not able to do it anymore?

You’ve worked hard to build up your farm. You’ve made all decisions for the farm. It’s your livelihood and it supports you and your family. Unfortunately, you’ve been in an accident that has left you without the capacity to make decisions. You’re still alive, but you aren’t able to farm anymore. What now? Who steps […] Read more

Succession planning focuses not only on the current circumstances of the farm, but the future of the farm and the goals of both the current and future generation of farmers. | Getty Images

Team approach can make succession planning easier

Just like no farm is exactly the same, it is unlikely that each farm’s succession plan will be the same. Succession planning focuses not only on the current circumstances of the farm, but the future of the farm and the goals of both the current and future generation of farmers. Succession planning varies from estate […] Read more


If you have any

What happens to your Facebook account when you die?

The car, the tractor, the shares in our farming corporation, the investments — these are the assets we usually think about when preparing our will. However, there is another group of assets that has become increasingly relevant in the last few years — digital assets. You might believe you don’t have digital assets, but the […] Read more

If you buy a used vehicle via private sale without searching the PPR, you might later discover that someone else has an interest in that vehicle for which debt is due and could be attempting to seize it. | File photo

Personal Property Registry provides valuable protection

The Personal Property Registry is a public, centralized, computerized system containing registrations related to security interests, such as liens, on personal property. The PPR is designed to provide users with a simple and reliable means to search for and register interests against personal property. The purpose of registering an interest in the PPR is two-fold. […] Read more