Only 12% of Canadian farms have a formal succession plan in place. That statistic becomes even more concerning when you consider the massive generational wealth transfer currently underway across the country. Without a clear plan, farming families can face serious challenges—ranging from unexpected tax burdens to disputes that threaten the continuity of the farm itself.

The good news? There are solutions. Raymond Gallelli and Aidan Nicholson explore tools like tax-deferred intergenerational rollovers and the lifetime capital gains exemption in their latest blog post for Cidel.

Click here to read the full post.