Frequently Asked Questions

Can I pay my spouse a Retiring Allowance? What is the benefit?Does incorporating my farm BEFORE retirement make sense?How can I transform most of my machinery, equipment, grain and cattle inventory into TAX FREE assets?How do I deal with Recaptured Depreciation?How do I manage the income after the sale and pay the least tax possible?How valuable is the Capital Gain Exemption to me?Is it true that up to HALF of my farm asset value could go to taxes?What about the Captial Gain Exemption?What are the Replacement Property Rules and how are they applied?What is the value of selling my Shares instead of my Assets?