Law Society of Saskatchewan CPD Activities CPD 314.2 – Business Structures for Farming (Session 2, Agriculture & Farm Law Seminar)
CPD 314.2 – Business Structures for Farming (Session 2, Agriculture & Farm Law Seminar)
Recorded Date: November 26, 2021Recorded 2021 Nov 26
Qualifies for 1.5 CPD Hours
Session 2 of Agriculture & Farm Law Seminar
Part 1: Saskatchewan Farms – Proprietorships, Partnerships and Corporations
Part 2: Joint Farms – The Use of Joint Ventures in Farm Succession Planning
Presenters: Beaty Beaubier, Q.C., Stevenson Hood Thornton Beaubier LLP and Aaron Haight, MLT Aikins LLP.
The session explores business structures for farming, focusing on GST considerations, income tax rules, farm rollover rules, farming partnerships, and farming through corporations. It emphasizes the benefits of personal farmland ownership for estate and succession planning. The discussion also covers the role of family farm corporations, recent tax changes, and the importance of financial information in estate planning. It concludes with insights into the tax benefits and opportunities of joint ventures for family succession planning or expansion.