RESOURCES

Tax Considerations for Farm Transitioning

Local tax expert and specialist with Stark & Marsh CPA LLP, Bill Wiebe, provides real-life scenarios and examples related to transitioning the farm and the tax considerations associated with the transition.
Whether it's to the next generation or to an unrelated party Bill's focus in this presentation are the three main strategies available to minimize the income tax risk:
  1. Using a corporation to own the farm land (Landco)
  2. Selling the Shares of a Landco
  3. Freezing the shares of a corporation

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