Buying a piece of farmland for tax benefits?
I've heard rumours about people buying a small piece of farmland off rural farmers in Ontario, then using it for tax benefits. The farmer sells a small patch of land, gets immediate cash, and continues to farm it, and keeps and sells the crops.. win-win for both.
Anybody heard of this? Is this fake news? I've tried doing some brief research, but did not find anything..
Anybody heard of this? Is this fake news? I've tried doing some brief research, but did not find anything..
