Friday, August 12, 2011 by Deidre Jensen Comments (0)
If you are contemplating the sale of your farmland and the expected capital gain will be in excess of your capital gain exemption, it is important to beware of 69(11) of the Income Tax Act in such a transaction or the resulting tax consequences will be an unpleasant surprise. View the full blog post
Wednesday, March 09, 2011 by Geoff McIntyre Comments (0)
There are few “black and white” answers when it comes to Canadian tax law. Most situations require a careful evaluation of the facts combined with knowledge of the Income Tax Act, related resources and case law. The question of whether the activity of making wine constitutes farming is a great example. View the full blog post
Wednesday, January 26, 2011 by Dave Cesmystruk Comments (0)
Given the significant increases in land and quota values over the last number of years, it is becoming increasingly difficult to transfer the family farm at fair market value. This tax-deferred rollover can be an invaluable tool in succession planning and benefit future generations. View the full blog post
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