Cultivate your knowledge and master agricultural taxation like a pro.
When it comes to tax, you can’t be out in left field! To get a clear understanding of the various programs, eligible expenses, deductions and insurance available, call on our experts to guide you in your business’ growth.
Don’t miss out on the investment tax credits that could boost your business to the next level.
What’s changed in your taxes
There have been changes in capital assets that qualify for tax deductions over the years. Our experts have been monitoring the developments to keep you informed about the changes to make in your annual income tax returns in order to maximize your net income.
Can’t see the forest for the trees? Discover how to:
- create a winning business plan;
- adapt the way salaries are paid based on tax rates;
- purchase land or a quota for a good price;
- select the best way to register your company to meet your needs;
- find innovative financing strategies;
- define the ideal age for selling;
- carry out an intergenerational transfer;
- plan a comfortable retirement;
- develop a vision of the business’s future;
- identify the advantages and disadvantages of a progressive repurchase;
- prevent potential conflicts when sharing the business amongst your children;
- undertake financial transactions that benefit both the seller and buyer;
- transfer your knowledge and expertise.
How to carry out your accounting
Do you live on the land where you do business? Differentiate between property that is part of business tax and personal tax. Explore whether it is more advantageous to pay rent to your business. Certain types of vehicles can be tax-deductible or amortized and specific rules must be followed for their use. It might even be worth paying your children a salary if they start working for you. Clearly, a win-win option!
Ready for the next step?
Your days are full and Mother Nature doesn’t take any days off, but you’d like to take a well-deserved rest some day. To plan your business’s transfer, your succession or retirement, it’s better to start early. A detailed and realistic timetable will allow you make the most of it.
Our team is as dedicated to its work as you are to your farm. Discover our expertise!
Being entrepreneurs in the farming industry is a source of pride for the two, hard-working owners of the Régika dairy farm. Jocelyn Lavoie, assurance expert at Raymond Chabot Grant Thornton, supports them thanks to his skills and knowledge of the agricultural industry.
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Raymond Chabot Grant Thornton Contributes to Making a Difference for the Leukemia & Lymphoma Society of Canada and Breaks a Record!
The Light the Night Walk took place on October 13 at Parc Jean-Drapeau, a key event for the Leukemia & Lymphoma Society of Canada. Raymond Chabot Grant Thornton was on hand to support the cause and succeeded in surpassing its goal.
“I am very proud of our team and I’d like to thank everyone who participated in the walk or made a donation”, stated Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton and honorary co-chair of the event.
Over 7,000 people were on site and raised a record-breaking $1.3M.
Funds raised during the Light the Night Walk will truly move the needle on research and support for patients in our communities. Certain types of blood cancers went from less than 20% survival rate in the 2000’s to over 90% today.
For more information, please visit the website of this wonderful event.
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Should people invest in virtual currencies such as bitcoins? While experts may have differing opinions, they do agree that caution is essential.
Additionally, for many people, the biggest draw with cryptocurrencies is not their monetary value so much as the underlying technology—blockchain—that allows these currencies to function like a digital currency.
Every bitcoin transaction worldwide is recorded in a public database. The technology can be applied in a wide range of fields and according to Louis Roy, Raymond Chabot Grant Thornton Blockchain Leader, “is particularly interesting in terms of revenue traceability.” He added, “In a supply chain, several businesses can share a decentralized ledger rather than having their own. The blockchain reinforces IT security and reduces administrative costs.” Other promising fields where blockchain could be applied are finance and copyright management.
To find out more, read the article published in the November edition of the Protégez-vous magazine (paid content).
19 Oct 2018 | Written by :
Louis Roy is a partner at Raymond Chabot Grant Thornton. He is your expert in assurance for the...
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Raymond Chabot Grant Thornton is very pleased to be a partner once again this year of the Fédération des chambres de commerce du Québec’s prestigious 2019 Mercuriades contest.
Our firm will again be presenting the Mercure Entrepreneuriat Raymond Chabot Grant Thornton. This prize recognizes a business that has implemented a winning growth strategy, developed an efficient succession plan, or successfully completed an intergenerational business owner transfer. SMEs and large enterprises may submit an application.
To learn more about the different categories, including the Mercure Entrepreneuriat, click here.
Submit your application (free registration) before December 19, 2018 on the FCCQ’s Mercuriades website (available in French only).