TD Wealth | MoneyTalk
By Tamara Young
March 30th, 2026
Passing a farm from one generation to the next can take careful planning. Canada’s tax rules for farm succession can trigger important decisions, and many families benefit from professional guidance.
For people who live in a city or do not farm, the process can raise extra questions. You may inherit farm corporation shares or farmland and want to keep the property in the family while maintaining your career and life elsewhere.
Farm Credit Canada (FCC), a Crown corporation and agricultural lender, says more than $50 billion in farm assets are expected to change hands over the next decade through family succession or sale. That includes about 5.4 million acres of farmland. At the same time, many people raised on farms are choosing other careers, and fewer young farmers are replacing an aging farm population.
Many families want the best of both worlds: urban jobs and lifestyles without giving up the family farm. That can be possible, but tax rules matter.
