Do you know who can buy your farm?
Well, who can buy your farm depends on what province you’re in. Each province sets their own rules. These rules vary widely from province to province. In Saskatchewan, up until 2002, you had to be a Saskatchewan resident to purchase farmland. In 2003, that changed. Ted clarifies, ““To own Saskatchewan farmland, you need to be a Canadian citizen or a Canadian resident. So, a citizen could be somebody who’s also a resident, or it could be somebody living abroad who has Canadian citizenship.”
In order to qualify as a resident, someone must reside in Canada for at least 183 days a year. This allows them to own farmland, even if they aren’t Canadian citizens.
Click here to read the full Western Producer article.
For More Information
To learn more about who can buy your farm, or investing in Saskatchewan farmland, contact Ted today! He can be reached at 1-306-327-7661 or ted@cawkwellgroup.com.
