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Nearly 3,000 family farms disappear in Canada every year — and outdated inheritance laws are a major reason why. On this episode of The Impact Farming Show, we talk with Derryn Shrosbree of 33seven about the silent crisis threatening the future of family agriculture. Current tax laws allow farms to be passed to children tax-deferred… but not to nieces or nephews — even if they’ve worked the land for decades. For many families, this creates impossible tax burdens that force the sale of generation
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Nearly 3,000 family farms disappear in Canada every year — and outdated inheritance laws are a major reason why. On this episode of The Impact Farming Show, we talk with Derryn Shrosbree of 33seven about the silent crisis threatening the future of family agriculture. Current tax laws allow farms to be passed to children tax-deferred… but not to nieces or nephews — even if they’ve worked the land for decades. For many families, this creates impossible tax burdens that force the sale of generation
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In Canada, directly transferring property to your children can lead to huge tax liabilities 💸 Many families don’t realize that inheritance without proper planning can cost more in tax than the mortgage itself. With the right structure, like a trust, you can legally transfer property and protect your family’s wealth for the future. This is not advice—it’s awareness. Always consult a professional before making decisions. Share this with friends & family who own property in Canada 🇨🇦 Follow for
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