Common use of Custom Farming Arrangements Clause in Contracts

Custom Farming Arrangements. Custom farming arrangements provide an alternative to leasing for those landowners who wish to remain classified as a xxxxxx under The Income Tax Act. The arrangement allows a landowner to retain close control of the farm business, without becoming actively involved in the operation. Considerations:  The capital gains rollover provision can be preserved.  The capital gains exemption on farmland is maintained.  Contributions to AgriInvest and to the Canada Pension Plan can be made on these earnings.  The landowner assumes all risk.  All farm operations are arranged by the landowner.  Types of Agreements

Custom Farming Arrangements. Custom farming arrangements provide an alternative to leasing for those landowners who wish to remain classified as a xxxxxx farmer under The Income Tax Act. The arrangement allows a landowner to retain close control of the farm business, without becoming actively involved in the operation. Considerations:  • The capital gains rollover provision can be preserved.  • The capital gains exemption on farmland is maintained.  • Contributions to AgriInvest and to the Canada Pension Plan can be made on these earnings.  • The landowner assumes all risk.  • All farm operations are arranged by the landowner.  • Types of Agreements

Custom Farming Arrangements. Custom farming arrangements provide an alternative to leasing for those landowners who wish to remain classified as a xxxxxx farmer under The Income Tax Act. The arrangement allows a landowner to retain close control of the farm business, business without becoming actively involved in the operation. Considerations:  • The capital gains rollover provision can be preserved.  • The capital gains exemption on farmland is maintained.  • Contributions to AgriInvest and to the Canada Pension Plan can be made on these earnings.  • The landowner assumes all risk.  • All farm operations are arranged by the landowner.  Types of Agreements.

Custom Farming Arrangements. Custom farming arrangements provide an alternative to leasing for those landowners who wish to remain classified as a xxxxxx under The Income Tax Act. The arrangement allows a landowner to retain close control of the farm business, business without becoming actively involved in the operation. Considerations:  The capital gains rollover provision can be preserved.  The capital gains exemption on farmland is maintained.  Contributions to AgriInvest and to the Canada Pension Plan can be made on these earnings.  The landowner assumes all risk.  All farm operations are arranged by the landowner.  Types of Agreements

Custom Farming Arrangements. Custom farming arrangements provide an alternative to leasing for those landowners who wish to remain classified as a xxxxxx farmer under The the Income Tax Act. The arrangement allows a landowner to retain close control of the farm business, business without becoming actively involved in the operation. Considerations:  • The capital gains rollover provision can be preserved.  • The capital gains exemption on farmland is maintained.  • Contributions to AgriInvest the Net Income Stabilization Account (NISA) and to the Canada Pension Plan can be made on these earnings.  The landowner • Landowner assumes all risk.  • All farm operations are arranged by the landowner.  • Types of Agreements

Custom Farming Arrangements. Custom farming arrangements provide an alternative to leasing for those landowners who wish to remain classified as a xxxxxx farmer under The Income Tax Act. The arrangement allows a landowner to retain close control of the farm business, without becoming actively involved in the operation. Considerations:  • The capital gains rollover provision can be preserved.  • The capital gains exemption on farmland is maintained.  • Contributions to AgriInvest and to the Canada Pension Plan can be made on these earnings.  • The landowner assumes all risk.  • All farm operations are arranged by the landowner.  Types of Agreements.

Custom Farming Arrangements. Custom farming arrangements provide an alternative to leasing for those landowners who wish to remain classified as a xxxxxx farmer under The the Income Tax Act. The arrangement allows a landowner to retain close control of the farm business, business without becoming actively involved in the operation. Considerations:  The capital gains rollover provision can be preserved.  The capital gains exemption on farmland is maintained.  Contributions to AgriInvest the Net Income Stabilization Account (NISA) and to the Canada Pension Plan can be made on these earnings.  The landowner Landowner assumes all risk.  All farm operations are arranged by the landowner.  Types of Agreements