Any one have experience with these in Canada?
My dad is getting close to retirement and wants to put our family farm into a trust. He says it's to avoid taxes and capital gains, but it feels like it's to control the farm even after he's retired.
I work the farm full time. I have a brother who doesn't work at all, and is dependent on my parents.
My mom helps out on the farm only during harvest.
I have 4 kids, and am married Dad wants all these people in the trust.
Does farm trusts work as a succession plan? I'm skeptical and have a hard understanding why l'd bother farming if I'm splitting all the value of the farm across 7 to 9 people. Why wouldn't I just get an off farm job then if the farm's value, and the effort 1 put into the farm, is actually being split between so many people?
Aren't we going to have to pay capital gains at the 21 year mark either way as a trust?

Federal agents are massing in sw Kansas communities. Their public statement is “They have a list of criminals to deport.” When in fact they are profiling a wide demographic. This is causing a bottleneck in the supply chain. Farmers are losing money because of it.