9 December 2011 Internal T.I. 2011-0399641I7 F - Bien agricole admissible et un lotissement -- summary under Paragraph 45(1)(a)

Respecting the qualified farm property status of a farm lot that was used as to 60% by Ms. X's husband in the course of carrying on market gardening between 1970 and 1977, and that was recently subdivided and then sold by her on a lot-by-lot basis, CRA reiterated its position in IT-218R, para. 24 that “the filing of a subdivision plan and selling lots thereunder does not in itself affect the status of the gain [as a capital gain] notwithstanding that such subdivision may enhance the value of such land.”