24. Farm Succession Planning

This Course Provides:

3 Hours of Life CE credits
1.5 Hours General Insurance - In Ontario
1.5 RIBO Technical Credits
3 Hours Life Only in Alberta

This course is designed to provide the agent / broker with the knowledge required to understand
and explain Farm Succession Planning to their prospects and clients.  

All Life Insurance and Financial professionals will benefit from this course. 

This course will cover such topics as:

  • History of farming in Canada.

  • Canada Revenue Agency (CRA) definition of farming and what is acceptable.

  • Farming demographics

  • What is farm succession planning?

  • Why succession planning for this sector?

  • What are the issues to be considered at succession meetings?

  • The steps involved in offering the solution to the individualís succession problem.

  • The human side of the farming industry.

  • What are the factors to consider in farm succession planning?

  • What are the viable methods of transfer that will facilitate the solution process?

  • What are the tax implications of rollovers, capital gains, probate, legal fees, accounting costs etc?

  • Who are the possible beneficiaries of a farm transfer?

  • What are the family problems if any of a transfer?

  • Various tax understand of Qualified Farm Property, Capital Gains/Losses/Exemptions,
    Valuation Day and Adjusted Cost Basis as they pertain to the farming industry will be looked at.

  • Cash Accounting process for the farming industry.

  • The use of insurance to solve any equalization problems.

  • Valuable Government resources for the farmer.


203-4438 Ontario Street

 Beamsville, ON  L0R 1B5

Toll Free Phone 877 524-7121 Toll Free Fax - 866 277-4511


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