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Selling My Farm and Capital Gains

By:
Kathy Wilson-Moore

FarmGate Advisors is a growing business located at 659 North St., Dresden Ontario.  We specialize in helping farmers with their business planning, and their financial planning. We are owned by Kit Moore, CPA, who also owns Blueprint CPA an accounting firm, located in Chatham at 550 St. Clair St.  

There comes a time for all farmers to make some plans and decisions for their future, and if you are considering selling your farm to one or more of your family members, we at FarmGate Advisors are here to assist you with succession planning.  See Farm Succession Planning-Ontario at www.omafra.gov.on.ca

If you want to sell your farm to an unrelated third party, then you may want to find ways to save on capital gains.  In Canada farmers have the potential to use the Lifetime Capital Gains Exemption (LCGE)

Our knowledge of how to implement the use of the Lifetime Capital Gains Exemption has allowed our clients to realize up to $1,000,000.00 of capital gains tax free, which results in tax savings up to $250,000.00

You may be relying on your farm assets to fund your retirement, so the goal is to use as many tax advantages as possible.  Using our professional expertise can save you large sums of money on capital gains, land transfer tax, along with HST. www.fcc-fac.ca

We at FarmGate Advisors are just a phone call away, so if you need some professional help, please call for an initial consultation at 519-683-1633.

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What We Believe In

We believe in the entrepreneur spirit. The kind that runs a business with hard work, grit and determination, and an openness to fresh ideas. Our mission is to enhance that determination with innovative tools and services that create and protect wealth.

Making Farm Succession Easier

We offer effective tax strategy that makes farm succession simple and successful.

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