Farms and the lifetime capital gains exemption

Your farm may be your most valuable asset and you may rely upon it to fund your retirement and achieve your other financial goals. If you decide to sell your farm, you may be able to take advantage of the lifetime capital gains exemption (LCGE) regardless of how you have structured the ownership of your farm.  Read more about the lifetime capital gains exemption here.

 

Transferring your farm to the family

Your farm may be your most valuable asset and you may rely on it to fund your retirement and achieve your other financial goals. You may decide to pass your farm to your spouse or children during your lifetime so that they can continue operating what you've built. When doing so, it is helpful to understand there are strategies to minimize your tax liability and maximize your wealth.  Read more about transferring your farm to your family here


For more information on this and other farm wealth management services, please contact our office directly at 519-822-2024 or email beswealth@rbc.com

 

Farmer 4.0: How the Coming Skills Revolution Can Transform Agriculture

A fourth agricultural revolution is underway, and this one isn't powered by seeds or diesel. It's all about data.

Click here to read our latest blog post on the coming skills revolution, listen to the podcast and download the full report. 

Canadian Association of Farm Advisors (CAFA)

Tom Schuett, Vice-President and Portfolio Manager with Bird Elinesky Schuett Private Wealth Management, is a a Certified Agriculture Farm Advisor ® through CAFA.

The Canadian Association of Farm Advisors is a non-profit, self regulating organization that provides high-quality continuous learning and networking opportunities for farm advisors to help them provide better advice to help farm clients succeed1.

1 Source: https://www.cafanet.ca/