This template (below) was created to standardize and log inquiries coming in from individuals wanting to sell their farm. Note that NOFIA does not provide input on pricing a property or determining fair market value.

NOFIA does not actively promote farms for sale. However given verbal permission from the owner, an interested party can be connected with the person selling the farm. In terms of marketing their property, we encourage sellers to:

Resources on Capital Gains Exemption:

Farm property may qualify for a capital gains exemption, in which case, gains made through the sale of the farm (up to a certain amount) may be completely exempt from tax.

Capital gains, chapter 7 in this CRA publication: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4002/t4002-9.html

Top Ten Tax Questions on the Capital Gains Exemption: http://www.omafra.gov.on.ca/english/livestock/beef/news/vbn0210a3.htm

https://www.fbc.ca/knowledge-centre/how-your-farm-used-could-negate-capital-gains-exemption

Taxation on the Sale of Farm Business Assets: http://www.omafra.gov.on.ca/english/busdev/facts/16-031.htm

Farm Business Advisors:

http://www.omafra.gov.on.ca/english/busdev/farmfamadv-advanced.htm

http://www.omafra.gov.on.ca/english/busdev/farmfamadv-lastname.pdf

**NOFIA reserves the right to determine whether a property fits the category of “farm” and may choose not to post the listing if it does not resemble a farm property.

FARM FOR SALE:

Please submit this form to NOFIA for posting on the FarmNorth website:

NOFIA                                                nofia.on@gmail.com

Box 2976                                           Fax: 705.647.4783

New Liskeard, ON

P0J 1P0