Articles

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 projected. The government foresees … Read more

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 verified. Third-generation cash crop … Read more

Part 2: 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 year plays … Read more

Part 1: 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, we recognize … Read more

This case-study is a follow-up to the Transition Planning for Farmers: Third-Party Facilitators article. Multi-generational seed farm, value-added business transition a smooth process thanks to trained facilitator When Tom Greaves’s father-in-law, Calvin Pitura, first approached him with a job offer for a management position at Pitura Seed Service, Tom came back with about one million … Read more

On April 7, 2022, Deputy Prime Minister and Federal Finance Minister, Chrystia Freeland, tabled the federal 2022-23 budget. Budget 2022 entitled “A Plan to Grow Our Economy and Make Life More Affordable” focuses on three pillars: The Canadian People Budget 2022 outlines several actions aimed at stabilizing Canada’s turbulent housing market, addressing the housing shortage, … Read more

Meet Steve Crewson, retina surgery recovery coach For seven years, Steve Crewson dreamed about the possibility taking his web development ‘side business’ to the next level. In 2014, he finally took the plunge and left the security of his Canada Post job to work full-time in his own business. He had no idea that just … Read more

New Brunswick’s Finance and Treasury Board Minister, Ernie Steeves, delivered the province’s 2022 budget on March 22, 2022. This budget focuses on building a stronger economy and vibrant communities, while also improving health care and protecting vulnerable populations. The budget anticipates a surplus of $487.8 million for 2021-22, compared to the $245 million deficit projected … Read more

On March 29, 2022, Nova Scotia Minister of Finance and Treasury Board Allan MacMaster tabled the province’s fiscal 2022–23 budget. Nova Scotia Budget 2022, is focused on: Solutions for Healthcare: laying the foundation for mental health, improving access to primary care, and investing in long-term care Solutions for our Economy: housing, business, economy/workforce Solutions for … Read more

Transition planning is one item on a farmer’s to do list that often seems a little more difficult to strike a line through compared to the rest. No matter what the farm type, size or scale, the future is always calling and farmers must make a decision about it at some point in time. In … Read more