We understand the specialized markets in which you operate and provide tailored solutions to meet your unique business needs.
Our comprehensive suite of business services combines industry expertise, market knowledge and professional insights.
MNP is a leading national accounting, tax and business consulting firm in Canada.
Suite 2000, 330 5th Ave. S.W.
Submit an RFP
MNP careers are Different by Design. As an entrepreneurial firm, we truly believe there are no limits to where your career can go.
Transition planning is critical to secure the future of your farm and family, but it can difficult to figure out the best way to transfer ownership and management to the next generation. Whether you are just getting started or need to get your transition plan unstuck, join the Comox Valley Farmers Institute and MNP for a day filled with information and insights that will help you navigate the transition planning process and kick-start your conversations.
This event will feature two presentations from our keynote speaker, Elaine Froese, a lifelong farmer and professional farm family coach, who has been a catalyst for courageous conversations with farm teams for more than 30 years.
Date: December 5, 2018 Time: 9:00 a.m. – 4:00 p.m.
Location: Crown Isle Resort, 399 Clubhouse Drive, Courtenay, BC Cost: $30 per person (includes lunch; payable by cash or cheque at the door)
$25 for additional family members from the same farm
Space is limited. RSVP to RK Troseth at
[email protected] or 250.734.4351 by November 28, 2018.
Itinerary: 9:00 – 9:30 a.m. Registration and Networking 9:30 – 9:40 a.m. Welcome and Opening Comments 9:30 – 10:15 a.m. Planning for the Future of Your Farm – Karen Guinan, MNP 10:15 – 12:15 p.m. Discuss the Undiscussabull – Elaine Froese 12:15 – 1:15 p.m. Lunch 1:15 – 2:15 p.m. Tax Strategies for Intergenerational Farm Transfers – Mike Hughes, MNP 2:30 – 3:34 p.m. Finding Fairness in Farm Transition – Elaine Froese 3:45 – 4:00 p.m. Q&A and Closing Comments
Karen Guinan, CPA, CA Farm Business Advisor, MNP Planning for the Future of Your Farm Passing your family business to the next generation can seem like a daunting task. Often the biggest challenge is knowing where to start. This session will give you a planning roadmap so you can ensure your farm is transitioned how you want, when you want, to whom you want and with the results you want.Elaine Froese, CSP, CAFA
Farm Family Coach
Discuss the Undiscussabull
Conflict avoidance is the biggest barrier to our next generation’s success when it comes to succession planning and execution. In the ‘Discuss the Undiscussabull’ presentation, I provide practical conflict resolution tools to help families have courageous conversations for business continuance and reduced family tensions. By providing the tools needed to take action on transition issues and by helping identify the tough issues that need to be faced - and talked about - in order to start courageous conversations for change.
Michael Hughes, CPA, CA Taxation Specialist, Agriculture Services, MNP Tax Strategies for Intergenerational Farm Transfers
Once you have identified your farm succession objectives and developed a clear plan for your operation, it’s time to figure out how to make the transition plan work in practice. This session will look at various structuring arrangements and taxation strategies used in successful farm transitions. Topics will include: Meeting your different objectives; Accessing and multiplying lifetime capital gains exemption; Qualifying for the intergenerational farm rollover; and Providing for children who are not active in the family farm. Elaine Froese, CSP, CAFA Farm Family Coach
Finding Fairness in Farm Transition How does a family define fairness? Is it helping everyone be successful or is it helping the farm be successful after the farm transition? Fairness means different things to different farm team members and the non-farming heirs. In the ‘Finding Fairness in Farm Transition’ presentation, Elaine tackles the challenges most farm families encounter when trying to be FAIR during the farm transition. Covering everything from ‘what is fair?’ to ‘how to establish to nonfarming children they aren’t getting a raw deal’ and ‘how to get everyone talking at the next farm meeting’.
About Our Speakers
Elaine Froese Elaine Froese, CSP, CAFA is a member of the Canadian Association of Farm Advisors and the Canadian Association of Professional Speakers. As a certified farm family business transition coach, Elaine specializes in helping farm families work through the tough issues to take action. She creates a safe place for families to meet, plan for change and be clear about expectations. Faith Today magazine has dubbed her “Canada’s Farm Whisperer”. Elaine is an award-winning author of four books. Her online course “Get Farm Transition Unstuck” helps procrastinating farmers deal with the emotional factors affecting planning. She farms with her husband, son and daughter in-law in southwestern Manitoba at Boissevain, on a certified seed farm. This year will be their 41st crop. Her latest joy is being “grandma”. Visit www.elainefroese.com. @elainefroese , FB and Youtube : “Farm Family Coach” Elaine Froese [email protected] 204-534-7466 www.elainefroese.com
Karen Guinan Karen is a member of MNP’s Vancouver Island Agriculture Services Team and has more than 20 years experience in public practice. Based in Courtenay, she provides accounting, tax, succession planning and management services to farm clients and other owner-managed businesses. Karen grew up on a hobby farm in Black Creek and enjoys working closely with her clients and their families to help them succeed. As a trusted advisor, she supports clients throughout the year and is always available to answer questions and provide advice as issues arise.
Michael Hughes Mike is a Taxation Specialist that works with farmers and business owners from across the Island to help them pay the least amount of tax possible, while maximizing the returns to their businesses. He specializes in complex taxation matters such as corporate reorganizations, estate planning and succession planning. Mike assists clients with income-splitting structures, minimizing taxes on death and reorganizing companies to give them access to multiple capital gains exemptions and transfer future growth to the next generation. Mike is a frequent presenter to farm organizations about specific tax matters pertaining to the agriculture industry.
Suite 2000, 330 5th Ave. S.W.
Find an office near me