(306) 559-0342

(306) 559-0342

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  • Conferences
  • Succession Planning
  • Exit Planning
  • Estate Planning
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  • Workshops
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    • Welcome
    • Conferences
    • Succession Planning
    • Exit Planning
    • Estate Planning
    • Articles
    • To Planning Professionals
    • Workshops
    • More information
  • Welcome
  • Conferences
  • Succession Planning
  • Exit Planning
  • Estate Planning
  • Articles
  • To Planning Professionals
  • Workshops
  • More information

WORKSHOPS

Farm Succession Planning Workshop

Module #1; The Transition Framework, data collection & goal setting, how to quantify capital needs, understanding after-tax vs pre-tax income needs in retirement. 


Module #2; Identifying, quantifying farm & retirement assets, optimizing entitlements. Connecting with Service Canada, understanding your Statement of Contributions, CPP/OAS options, RRIFs & pension income credits.  Managing multiple income streams. 


Module #3; Understanding Marginal Tax Brackets, Exploring Business Structure & tax minimization strategies. Financial Statement fundamentals.  


Module #4; Successor Development, managing expectations, partnership & inter-spousal agreements. Business control, management and ownership transfer strategies. Understanding life insurance. Wills, Successors and minor children. Successors preparing for future successors.


Module #5; Exploring Retirement & Succession Options, understanding key advisors, accountants, lawyers, investment and life insurance advisors. Understanding how investment and insurance advisors are compensated. 


Module #6; Communicating with non-farming children. Communication break down and the value of  mediation. Implementing & Monitoring your Plan

Learn More

Workshop formats can provide a broad view on a variety of topics or they can be customized to focus on participant’s specific areas of interest. 


Due to Covid and the potential impact it  may have upon a farming operation, we are restricting workshop group sizes to a maximum of four participants and in locations where social distancing can be maintained. 


Workshops are registered under Saskatchewan Ministry of Agriculture's Agricultural Skills and Knowledge program, and funding support may be available to qualified participants. 


Registration information

Farm Exit Planning Workshop

Module #1; The Transition Framework, data collection & goal setting, how to quantify capital needs. Selling to  a stranger or preserving a legacy by selling to a neighbour? Exploring exiting options.  Visualizing retirement activities and including learning & physical fitness . Non-traditional retirement, volunteering for seniors overseas.


Module #2; Identifying, quantifying farm & retirement assets, optimizing entitlements. Connecting with Service Canada & understanding CPP/OAS options, RRIFs & pension income credits. Understanding after-tax vs pre-tax income needs in retirement.  Managing multiple income streams.


Module #3; Understanding Marginal Tax Brackets, Exploring tax minimization strategies; Defer, Deduct, Divide, Exit & Retirement Options, visualizing next steps. Compare selling vs renting, crop share and joint ventures.  Compare being paid out over time to one or two lump sum payments.


Module #4; Implementing your plan with key advisors, accountants, lawyers, investment and life insurance advisors. Understanding how investment and insurance advisors are compensated. 

Learn More

Workshop formats can provide a broad view on a variety of topics or they can be customized to focus on participant’s specific areas of interest. 


Due to Covid and the potential impact it  may have upon a farming operation, we are restricting workshop group sizes to a maximum of four participants and in locations where social distancing can be maintained. 


Workshops are registered under Saskatchewan Ministry of Agriculture's Agricultural Skills and Knowledge program, and funding support may be available to qualified participants.    

Registration information

Farm Estate Planning Workshop

Module #1; Estimating net after tax estate values, tax minimization strategies, life insurance and life insurance trusts, understanding the probate process, estimating probate & legal fees. Implications of joint names on land, savings and principal residences; the Good, Bad & the Ugly.


Module #2: Your Estate Matters (Estate distribution, equal vs fair). Why wait to distribute an estate, can sooner be better? Will preparation; selecting an appropriate attorney, the value of reviewing your plans with your accountant, and selecting the right executor(s). Wills and The Family Property Act.


Module #3; The difference between Legal and Ethical Wills and Explanatory letters, Powers of Attorney & Healthcare Directives.


Module #4; Getting it Together; Death Binders; Wills & Powers of Attorney(copies & where to find originals), investment statements, and banking information, life insurance policies, birth certificates, passports, corporate minute books, land titles, passwords & user names. Communicating/articulating your plans to beneficiaries & executor(s).

Learn More

Workshop formats can provide a broad view on a variety of topics or they can be customized to focus on participant’s specific areas of interest. 


Due to Covid and the potential impact it  may have upon a farming operation, we are restricting workshop group sizes to a maximum of four participants and in locations where social distancing can be maintained. 


Workshops are registered under Saskatchewan Ministry of Agriculture's Agricultural Skills and Knowledge program, and funding support may be available to qualified participants.    

Registration information

For more information on registering for our workshops call (306) 559-0342 or email...

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Ray@myfarmplan.ca

Arbor Grove Drive, Regina, Sk S4V2S6

(306) 559-0342

 Workshops are registered under the Saskatchewan Ministry of Agriculture's Agricultural Skills and Knowledge program, and funding support may be available to qualified participants.    

Click here for more information on Sk Gov't Agricultural Skills and Knowledge (ASK) program

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