Tax Bulletin - Tax Planning for Canadian Farmers

September 16, 2019

Canadian agriculture is big business. There are hundreds of thousands of farms in Canada with annual cash receipts in excess of $54 billion.  

Canadian agriculture is also an industry in transition. The 2016 census indicated that over half of Canadian farmers were 55 or older and approaching retirement. At the same time, the trend in Canada is towards larger and fewer farms. Over the next several years, many farmers will be faced with decisions about the 
future of their farming operations. 

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