Agriculture
Agriculture businesses have many exciting business opportunities in Canada, where farmers are remarkable producers and skilled business managers with world-class training in agronomics, genetics, and environmental stewardship.
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Read ArticleBenchmarking for better decisions: Understanding farm financial statements
Never before has strong farm financial management been more important than it is today. Or as challenging. In addition to planning and monitoring all the moving parts of a farm’s operations,...
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Read ArticleNew Pathway to Permanent Residence for Foreign Workers in Agri-Food
The labour shortage in Canada’s agri-food sector continues to grow, and business owners are struggling to keep up. One way they are solving this problem is by sourcing talent from abroad. To...
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Read ArticleAquaculture in Atlantic Canada: A primer
Word is spreading about the aquaculture opportunity in Atlantic Canada. This emerging market continues to grow, as international companies set up aquaculture operations along the country’s...
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Read ArticleBenchmarking for better decisions: Standardized financial statements for primary producers
We want to play an integral role in the success of our agricultural clients. Using standardized benchmarks to compare financial performance helps them make better strategic decisions....
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Read ArticleSuccessfully Transitioning a Farm
There are some startling statistics regarding successful family business transitions – 30% transition successfully to the second generation and only 10% to the third generation. Although it...
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Read ArticleCASE STUDY: Impact of canola price drop on Manitoba grain farm
Canola trade halt with China March 2019 marks the start of Chinese importers halting their purchase of Canadian canola seeds. Forty percent of Canada’s canola exports go to China,...
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Read Article2019 Federal Budget: Gearing up for change in agriculture
Following the recent release of the 2019 Federal Budget, our agriculture team would like to share some details that will affect the agriculture industry. We focus on five areas in...
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Read ArticleSome Canadian farmers now exempt from fuel charges
The Greenhouse Gas Pollution Pricing Act (GHGPPA) established a federal standard for reducing carbon pollution. Effective April 2019, this pricing system will add a charge to everyday fuels...
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Read ArticleCanada’s Agriculture Day 2019: Managing change in the agriculture industry
For Canadian agriculture, 2019 is all about managing change. Primary producers are embracing all the capabilities of technology to move towards efficiency. Like never before, they’re capturing...
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Read ArticleHow the Accelerated Investment Incentive will benefit the agriculture industry
Canadian farmers and agribusinesses should benefit from the Accelerated Investment Incentive announced in last year’s Fall Economic Statement. The incentive will allow businesses to write-off...
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Read ArticleLet’s Change the Conversation About Succession
Statistics Canada recently released the 2016 census and much attention has focused on a new statistic – only 8.4% of respondents declared having a written succession plan. Can that be right?...
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Read ArticleWhen Corporations Make Improvements to Farms Owned by Shareholders
It is not uncommon for a farm corporation to construct a new building or invest in capital improvement (i.e. land clearing and drainage) on land that is owned by the shareholders outside of the...
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Read ArticleForeign Help for Local Farms
A dwindling number of Canadian farmers has forced many employers to rely on temporary foreign workers to fill labour shortages. If you are considering hiring foreign help, there are several...
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Read ArticleHR is Important to a Farm’s Success
Whether running a small farm or a large corporation, Human Resources (HR) is an important part of success. As the farm business grows, structure and consistency in HR management processes are...
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Read ArticleRaising Capital in Agriculture – Innovation is Power
Though raising capital in today’s financial landscape is no easy task for farmers and producers, there are several strategies to consider. One strategy centres on innovation. Business owners...
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Read ArticleCost-share funding available to Ontario producers
There are possible funding opportunities for business improvements available to your farm under the Canadian Agricultural Partnership (CAP).CAP is a five-year program designed to increase...
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Read ArticleEmployed vs Self-Employed in Agriculture Business
Many farm businessess are debating if an individual working on the farm should be classified as an employee or self-employed. Here are a few factors to consider: Control test - If the...
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Read ArticleHow to overcome common farm ownership obstacles
To increase the chances of running a successful farming operation, families need to collaborate and work together. Look at ways of partnering your farm operation. You can bring some of the...
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Read ArticleNew small business deduction rules may impact many farm corporations
As many of you will know, if you carry on your farm operation in a corporation, a significant tax benefit is the federal small business deduction (SBD) on the first $500,000 of active business...
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Read ArticleWhy do you need a will?
Though it’s not an enjoyable topic to address, a will is one of the most important documents you will ever write. If you have yet write yours, take the time to do so as soon as possible. Having...
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