Corporately owned farmland: Consider your future
Incorporating your farm may seem like a good idea, but your future business decisions could be greatly impacted.
Did you know that we host learning events across Canada on topics just like this? Find an FCC event near you.
- It’s easy to move farmland into a corporation and it can offer immediate short term benefits
- Once your farmland is incorporated, it’s difficult to reverse the decision and can hamper many future decisions
- Succession, land rental, land sale, and corporate taxes are all things to consider before incorporating your farm