Farm Financial Planner: Widow wants to wind down farm

With no children wanting to farm, this widow wants to sell up and minimize taxes

A widow we’ll call Susan, 64, has a 1,120 acre farming operation in central Manitoba. She owns 800 acres personally and has another 320 acres in her farming corporation. When her husband — we’ll call him Burt, passed away, the estate was probated and quickly transferred to Susan. Now she wonders what will become of […] Read more

farm auction

Sold the farm. Now what?

After an auction sale, farmers will have a lot of cash on hand. Les Henry offers some investment tips

I took a run at this topic a couple of years ago but think it is worth another run. This past year I have seen ads for many auction sales of former students, colleagues and friends. They have all recognized a once in a lifetime opportunity. Anyone long enough in the tooth has seen the […] Read more


Life’s secrets, according to you…

Start saving from the moment you get your first paycheque, no matter how little it is

Best financial advice? Never confuse your net worth with the numbers in your bank account — you’re not taking any of it with you. You’re worth as much as any millionaire out there. And if one day, you happen to become one of those people who make millions a year, remember this — you’re no […] Read more

Life’s secrets, according to you…

People of the world, tell me this — what’s the best financial advice you’ve ever received? Part One


I’ll never forget the day my dad sat me down when I was 16 years old… I was desperate to buy a car, and equally desperate to spend every last dime I had saved to purchase it. To me, the math was remarkably simple: more money = nicer vehicle = cool cat. According to my […] Read more