Retirement Looks Different When You Farm
For most Canadian farm families, the biggest number on the balance sheet is the land, and the smallest is the income it produces. Here's why that gap exists, from CPP shortfalls to the tax trap hiding in a cash rent lease, and the five questions a real farm retirement plan needs answered before the land goes on the market.
Farm Succession Planning in Canada: Passing the Land to the Next Generation
Passing a farm to the next generation is one of the most emotionally and financially complex transitions a Canadian farm family can navigate. The land, the business, and the family relationships are all intertwined, and the planning required to protect all three is significant.