‘Two, three, four million dollars’ to inherit a farm

Nov 26

An advocate is calling for additional exemptions that would allow farmers to pass on their land to other family members without getting hit by what could be millions of dollars in taxes.

Derryn Shrosbree, a farmer and advocate with 33seven, told CTV Your Morning on Monday that there’s an exemption for children but nieces and nephews should also be exempt, which “would be great for farming and to keep rural communities vibrant.”