Business Side

Business side: A residential landlord

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M) SOME FARMERS ARE RENTING VACANT HOUSES ON FARMLAND THEY OWN OR HAVE RECENTLY ACQUIRED, WHAT DO GRAIN FARMERS NEED TO KNOW ABOUT BEING RESIDENTIAL LANDLORDS? (B.K.) There are plenty of rules and responsibilities that [Read more]

Business Side

Business side: Business taxes

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M) CAN YOU SHARE SOME YEAR-ROUND TAX TIPS FOR FARM BUSINESSES? (W.R) The best advice I can give isn’t just to farmers, it’s to anyone filing taxes — get organized. The best way to do [Read more]

Business Side

Business side: Tax season update

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) WHAT’S NEW FOR THIS YEAR’S TAX SEASON? (W.R.) Whether you’re impacted or not, most farmers are aware of recent tax changes made to private corporations. Most of the changes aimed at converting income into [Read more]

Business Side

Business side: A great farm employer

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) WHAT MAKES A GOOD FARM EMPLOYER? (H.W.) It doesn’t matter what type of business you are hiring employees for, a good employer provides clarity. On the farm, I recommend employers focus on clarity of [Read more]

Business Side

Business side: Retaining employees

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) THE WORKPLACE SAFETY AND INSURANCE BOARD (WSIB) HAS MADE CHANGES TO THE EMPLOYER PREMIUM RATES. HOW WILL THE CHANGES AFFECT ONTARIO GRAIN FARMERS? (S.B) Farmers and farm employers are among the 300,000 businesses in [Read more]

Business Side

Business side: Retaining farm employees

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) MANY FARMERS ARE ALSO EMPLOYERS, WHAT ARE SOME OF THE CHALLENGES OF HIRING FARM WORKERS? (H.W.) Farming is unique in many ways. Typically, farmers don’t get involved in farming to become farm employers or [Read more]

Business Side

Business side: Farmland protection

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) FARMLAND LOSS IS A SERIOUS ISSUE. TELL ME ABOUT ONTARIO FARMLAND TRUST AND YOUR ORGANIZATION’S PURPOSE. (K.E.) Ontario Farmland Trust (OFT) works with farmers to protect farmland forever. According to the 2016 census, Ontario [Read more]

Business Side

Business side: Retirement planning

CONVERSATIONS WITH BUSINESS EXPERTS

WHAT IS A RETIREMENT PLAN? For some, it’s a list of travel destinations. But a real retirement plan means having an accurate financial plan that will give you financial freedom in retirement. Making a plan [Read more]

Business Side

Business side: Life insurance

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M) WHY IS LIFE INSURANCE IMPORTANT? (C.A.) Life insurance can be hard to discuss, but it’s imperative to protecting the financial security of your family and farm business by providing a tax-free lump sum benefit [Read more]