Embarking on farm succession planning is crucial for Canadian farmers, given the predominance of family-owned operations and the aging demographic of farm owners. Despite the majority of farms being family-run enterprises, formal succession plans are surprisingly scarce. This poses risks during transition periods. Crafting a comprehensive succession plan early on is essential to ensure a smooth transfer of ownership and management, reducing disruption and safeguarding the farm’s future. This includes working through estate equalization; how do we address the disparity in assets bequeathed to children working on the farm against children who do not? What is fair, may not be equal and we work with individuals to help determine what they believe to be fair.
How We Help:
- Assessing Your Current Business
- Identifying Risks and Opportunities
- Individual Pension Plans
- Investment Management
- Tailored Financial Strategies
- Estate Planning Services
- Risk Management
- Lending Services
- Cashflow Management
- Tax Efficient Strategies to Minimize Liabilties
- Collaboration With Other Professionals
- Personalized Financial Planning
