Coffee Row Seminar #6: Minimizing taxation on liquidation of farm equipment and inventory

Date: 20/07/2021

Location: Online


Date: 22/07/2021

Location: Online


Date: 24/07/2021

Location: Online


Welcome to the sixth seminar in our Coffee Row Series. Farmers report income on the “cash” basis for income tax purposes. This provides for the ability to defer income in many ways to be taxed in later years. Farming requires a substantial investment in capital equipment that can be used to reduce annual income by claiming capital cost allowance. These two factors, the cash basis of reporting taxable income and claiming capital cost allowance, often result in a significant tax bill in the year equipment and inventory are liquidated.
Attend our webinar entitled “Minimizing Taxation on Liquidation of Farm Equipment and Inventory to learn how tax planning can significantly reduce the income tax you would otherwise pay.
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Traditionally our seminars are hosted in person, but this year we are avoiding the crowds and hosting it ONLINE!
Details:
Seminar Dates:
Tuesday, July 20th, 10:00 a.m. – 12:00 p.m. CST
Thursday, July 22nd, 7:00 p.m. – 9:00 p.m. CST
Saturday, July 24th, 9:00 a.m. – 11:00 a.m. CST
Format: These are pre-recorded webinars and you will not be able to pause or fast forward. You will have two hours to access the webinar. Please note that our team cannot give specific advice on an individual’s farm business unless the individual is a current client of The Retiring Farmer.
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*Never joined an online seminar before? (Don’t worry, it’s easy). Our team is more than happy to give you a call prior to the event to walk you through the details.