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Ontario Budget Report 2022

Ontario Budget Report 2022

Last updated: May. 5, 2022 
Last week, Ontario Finance Minister, Peter Bethlenfalvy, tabled the province’s fiscal 2022–23 budget. Titled Ontario’s Plan to Build, budget 2022 introduces measures to rebuild Ontario’s economy, support workers, build highways and key infrastructure, reduce costs on everyday expenses, and increase healthcare capacity to keep the province open. The government is forecasting … Read more

Transition Planning for Farmers: Multi-year Planning Case Study

Multi-year planning case study

Last updated: Apr. 27, 2022 
This case-study is a follow-up to the Transition Planning for Farmers: Multi-year Planning article. Little by little, one farm successfully changes hands It’s not often you hear someone describe their farm transition as “flawless,” but that’s just how Denis Boucher labeled the experience. For as long as Denis can remember he … Read more

Transition Planning for Farmers: Multi-year Planning

Multi-year planning

Last updated: Apr. 27, 2022 
Transitions should not occur over night Most transition plans last multiple years and often require substantial amounts of planning, conversations, thinking, restructuring and focus. Often the transition begins long before it truly begins with informal conversations in the barn or on a drive into town. Other times the transition may be … Read more

Transition Planning for Farmers: Diversified Operations Case Study

Diversified Operations Case Study

Last updated: Apr. 21, 2022 
This case-study is a follow-up to the Transition Planning for Farmers: Diversified Operations article. From crops to biogas, how and why one farm made a drastic transformation post-transition. Gerald and Birthe Perry had always planned to retire at 60 and put the farm in the hands of their two sons, Chris … Read more

Transition Planning for Farmers: Diversified Operations

Transition Planning Diversified Ops

Last updated: Apr. 21, 2022 
Moving from one model of success to another Most farmers in Canada transition the farm down to another family member. Often, though, the transition needs to grow or diversify in order to maintain a new standard of profitability. When a child comes homes, and possibly brings a partner along with them, … Read more

Manitoba Budget Report 2022

Manitoba Budget Report 2022

Last updated: Apr. 21, 2022 
On April 12, 2022, Manitoba’s Finance Minister Cameron Friesen presented the province’s fiscal 2022-23 budget. Budget 2022 sets the path to recovery in five priority areas: healthcare, the economy, communities, affordability, and the environment. Provincial deficits of $1.4 billion for 2021-22, $548 million for 2022-23, and $440 million for 2023-24 are … Read more

Transition Planning for Farmers: Tax, Finance, and Estate Planning Case Study

Tax Finance and Estate Planning for Farmers

Last updated: Apr. 14, 2022 
This case-study is a follow-up to the Transition Planning for Farmers: Tax, Finance, and Estate Planning article. Farm family makes money work for them despite challenging circumstances Editors note: the farmer case study chose to use an alias due to privacy concerns. All other details remain intact and have been independently … Read more

Transition Planning for Farmers: Tax, Finance, and Estate Planning

Tax Finance and Estate Planning for Farmers

Last updated: Apr. 14, 2022 
Capital considerations during a farm transition As the incoming generation begins to succeed the outgoing one with farm ownership of their own, one critical piece to the puzzle are the financial, estate, and tax-related aspects. Farms are often multi-million dollar operations that have serious financial implications depending on how a given … Read more

Transition Planning for Farmers: Third-Party Facilitators

Transition Planning 3rd Party Case Study

Last updated: Apr. 14, 2022 
Bringing the outsider in Transition planning is one of the biggest decisions a farm family will ever go through. It’s for that primary reason that it is done right the first time. Conversations will be continuous and a constant flow of information between the incoming and outgoing generation are imperative. However, … Read more