Farmers say changes to capital gains tax could complicate family transfers

CBC - July 3, 2024

Jake Leguee knows the fields of his Saskatchewan grain farm well, as part of the third generation to help harvest the land. And at 36, he's already preparing to eventually transfer the business to his three young sons.

"The goal of every farmer, really, especially when their kids are young, is maybe someday they'll be interested," said Leguee, who farms 6,400 hectares near Fillmore, a small community about 100 kilometers southeast of Regina. 

But with rising costs, including recent changes to the capital gains tax, he's concerned they could face challenges. 

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