Tax Planning Opportunities There are several tax planning opportunities available to farmers in Saskatchewan with respect to the land they’ve owned and worked over the years. Many of these opportunities become available upon death and relate to Income Tax Act...
Are you a grain or livestock producer? Are you thinking of incorporating your farming operation? Here are five significant advantages to consider as you make a decision. 1. Lower Tax Rates In Canada, your personal tax rate falls anywhere between 26% to 47.5% (2021)....
There are many reasons to acquire a mortgage against land as an investor or active farmer. The primary reason is to purchase land. For active farmers it may be to secure financing to purchase farm equipment or to secure a line of credit to help with day-to-day...