Being an Canadian farm owner, you have access to significant potential tax advantages when selling certain farm assets. Through proper planning, with the help of professional legal, financial, and tax advisors, you may minimize your taxes and maintain more family wealth when selling your farm property.

As an Investment Advisor based in Vegreville, Alberta, Bilyk Financial Investments understands the unique demands, challenges, and opportunities of managing a farm or working in agriculture across Canada. 

Should you have any questions regarding the following strategies, Bilyk Financial Investments can help connect you with the right professionals to guide the sale of your Canadian farm.

  • Farms and lifetime capital gains exemption;
  • Sale of real or immovable property;
  • Sale of shares of a family farm corporation;
  • Sale of an interest in a family farm partnership;
  • Sale of intangible/depreciable capital property;
  • Asset vs. share sale; and,
  • Sale of other farm property;

Each individual's situation will be unique in many respects requiring the expertise of a professional. Your Bilyk Financial Investment Advisor can help you identify your needs and refer you to the appropriate Alberta professional(s) for further assistance.