Agricultural Corporations
Corporations have become the preferred entity for operating the family farm.
What You Should Know
Serving Northeast/Central Saskatchewan for the past 2 decades has given us some practical and useful strategies for transitioning into a farm corporation. We prepare the necessary rollover and election forms on a regular basis as farmers move from the proprietor/partner to a corporate structure. Before this is undertaken, we make sure that the benefits and limitations of the corporate structure are well understood and that incorporation is the right move. We never push anyone into a structure that they do not want or need. Only provide advice and guidance and proceed as the owner wants.
Additional Information
Will analyze the appropriate rollover or if a Fair Market Value sale to your corporation is appropriate. Possibility of crystallizing the individual capital gains exemption to get tax paid dollars from your corporation. Servicing of debt inside a corporation can be much more efficient than personally allowing you to grow much faster than non-corporate entities. There are limitless variations which enables us to personalize your farm structure to meet all of your goals.
More Agriculture Services
Year End Planning
We can minimize the current year tax bill through strategic use of the cash method of accounting
Agricultural Succession Planning
What do you want you legacy to be?
Taxation
We can prepare and file your tax return
Ready to streamline your accounting process?
Contact us now to schedule a consultation and explore how our expert services can benefit you.
