Farm Taxes

Read the following reviews from agriculture groups across Canada learn about the impact of the federal budget on agriculture.
A number of big changes to Canada’s tax laws in 2017 could affect the bottom line for many small business and farm owners.
Operating a small farm business can be very satisfying, but to be financially successful, you also need to have a smart business and tax plan in place.
Hiring a tax preparer can be difficult. Asking the right questions can make the process a lot simpler.
Can Canadian farmers claim all farming losses on their taxes? It depends if the primary source of income comes from farming.
Understanding how to apply non-capital losses to taxes can help small Canadian business owners either recover previous taxes paid or reduce future income and taxes payable.
Canada Revenue Agency offers those with dependants a number of tax deductions and credits which can help reduce your taxable income.
Self-employed farmers need to report their income and losses to the Canada Revenue Agency just like any other business owner. But farmers also get special tax breaks.
The R&D tax credit program can provide tax credits of 20% to 35% for eligible costs plus overhead, which helps businesses innovate and grow.
There are a large number of tax breaks that Canadian farmers can take advantage of to reduce their tax burden.
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