Agriculture

Custom Solutions For Your Agriculture Business

As a farmer, you know that diversity is very important to your business. It helps to limit losses when one part of your operation isn't doing so well. We take a similar approach to our customized financial solutions. Every farmer has a unique business with unique financial goals. We will help protect your financial risks, while guiding you in growing your wealth, minimizing taxes, and planning for the eventual succession of your farm to your family or a third party.

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Tax Planning

As a farmer, your business is unique and comes with its own unique tax planning opportunities. As our client, we will assist you in taking advantage of all possible tax planning strategies to match your objectives.

Succession Planning

Do you plan on passing off the farm to your children when you retire? Perhaps only one of your children (or even none of your children) want to continue farming. How do you ensure that all of your children are treated fairly should you retire or pass away? With the help of tax and estate specialists, we can help design a strategy to ensure that your farm is passed off in the most fair and tax efficient manner as possible.

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Retirement Planning

Have you recently sold your farm and land or are planning to? What will you do with the money you receive and what is the best way to fund your retirement with that money? Our office will sit down with you and find out what you envision your retirement lifestyle to be. We will design a cash flow and investment strategy to ensure that you are living the retirement lifestyle you’ve dreamed about and worked so hard for.

Group Benefits

Whether you are a family farm or a multi-employee operation, you likely need medical benefits for yourselves and your employees. We will work with your business to give you the best benefits package to match your needs. A benefits package can be fully customized for any cash flow and when set up properly, is tax deductible.

Private-Health-Service-Plan

Health Spending Account/Private Health Service Plan

Would you like to be able to pay for your medical expenses and create a business deduction at the same time? A private health service plan can do just that. It is a much better way to pay for your medical expenses than by using the medical expense tax credit.

An HSA (Private Health Services Plan) is a Canada Revenue Agency approved method to provide medical, dental and vision benefits in a tax efficient manner. They work great for single employee corporations and large corporations alike. A corporation can write off 100% of the costs related to its HSA. All expenses reimbursed are tax-free to the employees. Medical, Dental, and Vision are the standard categories offered to employees in an HSA.

  • Company Administrators and Employees have real-time access to track activity
  • No cheques! myHSA works on EFTs
  • All claims can be submitted online by employees through their own personalized dashboard
  • Apps available for iOS (iPhone/iPad) and Android devices
  • 2 day turn-around time for claim reimbursement
  • Live Chat technical support for employees, run in-house by myHSA’s team

Contact Us Today

We look forward to helping you fund your dreams!

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