Farm Taxes

Running a successful farm means being a good producer and being a financial manager. Keeping accurate records makes a farm more productive and profitable.
Most sales are subject to GST/HST in Canada.
 However, the sale of most farm products are considered zero-rated. 
The challenge is that not all farm products are zero-rated, and the list is huge. 

In addition to understanding farm tax deductions and credits, it’s important for farmers to understand what their farm business tax obligations are.
Have good records and a record keeping system will help you understand and appropriately assess impacts of a decision on your income tax liability.
The Saskatchewan budget presented on March 22, 2017 by Finance Minister Kevin Doherty includes material changes to personal, corporate and provincial sales tax rates.
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.
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