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.

Webinar Participants

Rob Wallis
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.

Michael Baker
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.

Shane Donner
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.

Shauna Trainor
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.

John Tempest
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.

Selling a business is a major decision that entails not only significant business considerations but also profound emotional impacts. In Canada, a country known for its vibrant entrepreneurial spirit, the process of selling a business can be a complex and challenging endeavor.

During this interactive session, we will delve into the profound emotional impacts that accompany the process of selling a business, as well as explore key strategies for managing the transition effectively. The webinar will feature an open discussion with a panel of seasoned professionals who bring practical experience and expertise to the table, alongside a client who will share their personal insights and lessons learned.

Key Topics to be Covered:

• Understanding the emotional landscape of selling a business.
• Strategies for managing the emotional impact during the transition.
• Practical tips for maintaining personal well-being throughout the process.
• Real-life experiences and lessons learned through transition.
• Open discussion and Q&A with industry professionals and a client who recently sold their business.

Jason Boudreau, Founder of VELA Wealth and an expert in intergenerational wealth, will lead the discussion and share his visionary insights on aligning life and wealth. Jeremy Nicholls, a strategic planning advisor, will contribute with his expertise and present a compelling client case study, providing a real-life perspective on the emotional aspects of selling a business. Additionally, we are delighted to have Shauna Trainor, our invited expert, who specializes in helping families navigate the complexities of ownership, wealth, and family dynamics.

Whether you are currently considering the sale of your business, have recently undergone the transition, or simply have an interest in the topic, this webinar offers valuable insights that can help you navigate the emotional challenges associated with this transformative journey.

Meet our distinguished Panelists:

Jason Boudreau
Founder
VELA Wealth
The visionary behind VELA Wealth, Jason has transformed it into a reputable life and estate planning firm, empowering families to make meaningful choices at the crossroads of life and wealth. With a focus on intergenerational wealth transfer and estate planning, Jason’s expertise lies in advanced insurance-based solutions that incorporate philanthropy and legacy planning. Known for his fresh perspective and out-of-the-box thinking, Jason derives immense satisfaction from witnessing clients fulfill their life vision and create a lasting impact with their wealth, knowing that VELA has played a pivotal role in bringing that vision to life for current and future generations.

Jeremy Nicholls
Strategic Planning Advisor
VELA Wealth
Jeremy, a seasoned financial planner with 20 years of experience, brings a wealth of financial and life planning expertise to the VELA team. With a strong background in personal and corporate taxation, Jeremy excels in understanding the unique circumstances of entrepreneurial clients, collaborating with tax and legal professionals to establish recommendations that align with clients’ life goals. Known for building strong, trusted relationships, Jeremy believes in achieving ultimate success by providing clarity around clients’ life planning objectives, ensuring peace of mind for both individuals and their families.

Shauna Trainor
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.

Transferring a farm or agricultural business to the next generation can be a complex and emotional process, just like any other business.

Farmers must navigate estate planning, tax optimization, while ensuring the ongoing success of the business. It’s crucial for business owners to have a clear understanding of their current position, as well as where they want to be in the future. They must also be aware of the goals and purposes of the farm for both the current and future generations, and promote effective communication across generations. Finally, there are important considerations to keep in mind when passing down a farm or agricultural business.

In this webinar you will learn the importance of:

• Acquiring a clear understanding of your business’s present situation and future objectives.
• Comprehending the motives and aspirations of both the current and future generations.
• Obtaining insights on essential factors to consider prior to and during the transfer of the farm business.
• Developing effective communication tactics to navigate challenging conversations with family members.

Please sign up for our mailing list below to gain access to the webinar.

Webinar Participants

Rob Wallis
Partner and Senior Advisor, VELA Wealth
Rob has been providing expert planning and strategic advice for nearly 20 years, and has been with VELA Wealth since 2016. Rob excels at working with entrepreneurial professionals and business owners to define their individual ecosystems and establish meaningful life and financial goals. A methodical and analytical thinker, Rob compassionately navigates clients through the complexities of a thorough financial planning process ensuring that they feel understood and supported throughout. To read more, please visit the VELA team page. 

Michael Baker
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.

Shane Donner
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.

Shauna Trainor
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.