New crop malt

[wakopa]

If u have lots of land and close to retirement sell 2 millon worth fill ur children and ur tfsa and then the children if they want to can sell a millon worth. Don't put it in ur children spouse name , gold mine for them when they leave

[teller]

bgmb, 15 million of deployed capital, which is the limit for the small business tax, is not a small business. it might not be a big farm, but to mom and pop wage earner voters, 15 million is not small.

[blackpowder]

Wakopa. Dont ever put anything in a spouses name or in joint. Be very careful putting anything in married childs name. Seek specialized legal counsel.
Non farmers looking at a farm see nothing but money and it brings the buzzards every single time.

[wakopa]

Every thing under control black powder, got info from lawyer and accountant , our inheritance stays in there name not joint, our youngest was married 6 months only, mother in law and daugher gonna take quarter millon dollars house , so they thought, house was in my name , I learned a lot after that.

[farmaholic]

Matrimonial property laws are ****ed. Depending on circumstances they definitely need some reconsideration.

Million and multimillion dollar businesses at stake. Generational wealth at stake. This topic is slippery and I will be like wakopa, lots of legal and accountant advice.

How much wealth can be generated from a solid farm. It's not so much what you came into the marriage with(should be protected) but appreciation and income earning ability of what you brought in. Stay at home moms need special consideration.

This topic will need attention in my our families future.

What have other's done? I think there needs to me a more equitable way of sorting out the problem. Equal isn't always fair and fair isn't always equal...

[farmaholic]

Upon re-reading my previous post, it should have read "stay at home PARENTS(moms or dads) need special consideration". Lets be fair.

[blackpowder]

Sorry for what appears to be a derail.
The wcwga and its directors deserve a thank you. A listened to voice in Ottawa.

On the matrimony legalities topic. People who have not been through a litigious divorce have no clue at all. When children are involved there is no end to the legal fees until they are through post secondary. There is a financial microscope with attached vacuum up your backside every day.

[gustgd]

Thanks Parsley!

I wouldn't be doing my job as membership chair if I didn't take the opportunity to remind you all that you can take out a membership in this organization, and help drive Farm policy debate

http://www.wheatgrowers.ca/join

[TOM4CWB]

Stormin
Probably your own MP!
Grin

[gustgd]

Stormin. Our farm is a member of both. I checked the CFIB release and they get full credit as well. Theirs just says "they've been working for years"

I was on the Hill with Grain Growers of Canada in 2010 making a presentation to finance committee we made specific mention of the $1 million dollar amount.

I'll give credit. Other organizations were defiantly involved in the push.

Important thing to realize is that in 2007 the limit was capped at $500,00.00 and had been for a long time. Last years budget tied increase to inflation. This years raised it to a MILLION

www.wheatgrowers.ca