LET YOUR CORPORATION BUY YOU A FARM You are ready to retire. You want to live on a farm. After selling your home, you put the proceeds into a corporation. The corporation buys the farm, with a residence on it, and hires you to manage the farm. The corporation deducts all the costs of running the farm and pays you a deductible salary. If the farm makes a profit, it can set up pension plans for you. In addition, you are required to live on the farm so that you are available 24 hours a day for various emergencies. If structured properly, the corporation deducts all costs of owning and maintaining the home as compensation and part of the farm's regular expenses. And, since you are required to live on the business premises for the convenience of their employer, the cost of lodging is tax-free to you. You might even qualify for tax-free meals.