Are you a farm owner seeking to ensure the enduring success of your family farm? Are you grappling with the task of transitioning the farm to the next generation, even in the face of diverse career aspirations among your children? We hold the solutions you’ve been in search of.
We are excited to carry forward our webinar series, ” The Family Farm: What Is Your 100-Year Plan?” with our second installment, titled “Ensuring the Future of Your Family Farm.” In this session, we present a case study featuring a real family client currently implementing a distinctive approach for transferring their farm. This time, our panel of experts is joined by John Tempest, CPA, CA, who will illuminate the inspiring narrative of this family’s journey.
In this webinar you will learn:
- The unique strategy employed by the farm owner for transferring the business to the next generation.
- Insights into the family dynamics and considerations involved in the decision-making process.
- Exploring the opportunities and challenges presented by this specific family scenario.
- Addressing generational issues and fostering continuity in the family farm.
- Financial considerations and tax implications shared by our esteemed CPA.
Please sign up for our mailing list below to gain access to the webinar.
Partner and Senior Advisor, VELA Wealth
Rob brings over 15 years of financial planning and advice-giving expertise to the VELA team and has a proven track record of delivering high calibre solutions to clients. Rob excels at working with entrepreneurial professionals and business owners define their ecosystems, establish and exceed their life and financial goals.
Licensed Life Insurance Broker, Baker Wealth
Michael Baker founded Baker Wealth to build meaningful success for people. A challenge-driven CPA, he wanted to help his clients forge a tighter connection between financial prosperity and a fulfilling life. Michael is your expert advisor and ally, with 25+ rich and illuminating years of experience as a professional. Talk to Michael about planning your future, starting a new business or welcoming a new family member. He’s an active listener; he not only hears your words, but he understands them – the key to solid financial results.
Partner, Smith & Hersey Agribusiness Law LLP
Shane has been working as a Solicitor at Smith & Hersey Agribusiness Law for over 8 years. Shane’s practice is primarily focused on business transition planning (specifically agricultural operations), corporate finance, commercial/agricultural real estate, and negotiating renewable energy leases for wind and solar projects on behalf of landowners.
Principal, A&O Partners LLP
Shauna works with enterprising families across North America to navigate the complexities of ownership, wealth, and family dynamics. Shauna engages in a planning process with family enterprises to help them identify, clarify, and articulate their ownership vision and strategy. In collaborating with families, Shauna helps them to establish relevant governance, enhance communication and engage in shared decision making. Shauna leverages her business and psychology background to help families and individual members achieve their desired objectives.
Principal, EBT Chartered Professional Accountants
John attended the University in Lethbridge where he received his Bachelor of Management with Distinction, majoring in Accounting. From there, he moved to Medicine Hat and achieved his Chartered Accountant designation in 2013. John is a highly skilled professional in the field of taxation, holding an In-Depth Tax Certificate earned in 2021. John’s areas of focus include owner managed businesses with a focus on agriculture and professionals, as well as corporate and estate tax planning. He strives to provide his clients with a high level of customer service and great tax planning opportunities.