• (403) 350-6868
    marcel@leblancrealty.ca

How do I deal with Recaptured Depreciation?

All FAQ'sFind Out Here!

What is the value of selling my Shares instead of my Assets?

All FAQ'sFind Out Here!

How can I transform most of my machinery, equipment, grain and cattle inventory into ...

All FAQ'sFind Out Here!

Does incorporating my farm BEFORE retirement make sense?

All FAQ'sFind Out Here!

What are the Replacement Property Rules and how are they applied?

All FAQ'sFind Out Here!

How do I manage the income after the sale and pay the least tax possible?

All FAQ'sFind Out Here!

What about the Captial Gain Exemption?

All FAQ'sFind Out Here!

Is it true that up to HALF of my farm asset value could go to taxes?

All FAQ'sFind Out Here!

Can I pay my spouse a Retiring Allowance? What is the benefit?

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How valuable is the Capital Gain Exemption to me?

All FAQ'sFind Out Here!

Selling Your Farm

The build-up of farm assets over decades of hard work can produce significant tax liabilities when it comes time to sell. It is important to align yourself with someone who has the knowledge, experience and creativity to explore all of the options available to maximize your after tax result.

In order to structure the best deal for you it takes someone who understands the procedure for a sale. Our in depth understanding of both farms and sales from a tax perspective enable us to advise you to the sale method (whether it is auction or other) that minimizes the tax to be paid. We understand the massive amount of money that can be lost during a sale to taxes if you are not informed of a different manner of selling certain assets given your individual situation.

By reviewing your tax position we gain a very strong understanding of your particular farm and develop a custom strategy for you. This individually designed farm sale strategy is what saves our clients immense amounts of tax in most transactions, and puts that money into your pocket, not the tax man’s.

The sale of your farm or ranch is likely the largest single transaction to be completed in your lifetime. We offer the comfort of experience and knowledge from a company who designs these transactions every day.

Marcel LeBlanc Real Estate Inc. - Real Estate File Checklist
Real Estate File Checklist
Legal descriptions.
Land descriptions acres, etc.
Land use-descriptions with crops harvested.
Property assessment and tax notice, taxes paid until _________?
Property features (feature page).
Oil leases/mineral titles.
Grazing leases/cultivated leases.
Irrigation district? Licensed acres?
All licensing for 'intensive operation'. 1
Equipment details. 2
Rental agreements.
Home details, sq. ft. bathrooms, bedrooms, description of each.
Any other buildings, dwelling, etc? Which piece of property _________?
Pictures (outside, home, buildings).
Farmland Calculation Report - Including "General Assessment" and property tax amount. 3
Restrictive covenants. 4
AFSC - Statement of Reported Production. 5
AgriInvest/AgriStability statements. 6
1 - ie: feedlot, dairy, hogs, etc. (including water, manure, lagoon licenses, etc.)
2 - ie: dairy barns, irrigation pumps, etc.
3 - County offices - Public recored.
4 - ie: pivot center within county setback requirements.
5 - Call the AFSC office at 1-877-899-2372, give you legal land descriptions and ask for you 'Statement of Reported Production'.
6 - You can also call AFSC office at 1-877-899-2372 to get your information.