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Blog Agribusiness
Why more farmers are seeing smaller corporate tax bills
Many farmers in Canada will benefit from changes to the small business deduction (SBD) rules, which took effect for corporate year-ends after April 30, 2023.
Sep 19, 2024
Farm Series ( use going forward)
Blog Agribusiness
The difference between expenses and capital expenditures
It’s important for farm businesses to recognize the tax differences between expenses and capital assets. Repairs are deductible immediately, while capital improvements are depreciated over time.
Deanna Cregg Jul 17, 2024
Farm Series ( use going forward)
Blog Agribusiness
Data, AI and other tech revolutionizing the farm industry
Farming businesses face unique challenges, but new tools like data and AI are revolutionizing the industry. This article will explore how these technologies are transforming the farm sector.
Candice McKay May 30, 2024
Farm Series ( use going forward)
Blog Agribusiness
Crop corporation: A solution for excess inventory
Grain production is highly cyclical, with good years followed by challenging ones. But what happens when a producer experiences several good years in a row?
Ryan Kitchen Jan 26, 2024
Farm Series ( use going forward)
Blog Agribusiness
Pick the right structure for your farmhouse
When buying a farm with a farmhouse as a primary residence, families may overlook the tax implications. This article examines how different farm business structures impact tax obligations for the farmhouse.
Bud Arnold Dec 18, 2023
Farm Series ( use going forward)
Blog Agribusiness
The end of immediate expensing
Introduced in 2021, immediate expensing rules allowed businesses to fully expense up to $1.5 million annually on eligible property like tractors, combines, and equipment. However, this ends in 2024.
Dec 6, 2023
Farm Series ( use going forward)
Alert Indirect tax Succession and estate planning Agribusiness
Tax issues at home: Farmhouses
Farmhouse ownership involves complex tax considerations. Understanding your options helps you structure ownership to protect both your home and your operation.
Bud Arnold Dec 1, 2023
Green farm land with varying grass lengths creating an interesting organic pattern.
Blog Agribusiness
Saving for retirement on the farm
Due to the complexity and constant reinvestment required in farm businesses, retirement planning is often overlooked, leaving little time to focus on saving for the future.
Thomas Blonde Nov 29, 2023
Farm Series ( use going forward)
Blog Agribusiness
Agri-food incentives you can’t afford to ignore
Agri-food processors and manufacturers have access to valuable government incentives, but navigating the complex requirements is necessary to take advantage of these programs.
Craig Hoover Nov 14, 2023
Farm Series ( use going forward)
Business advisory services Private enterprise Succession and estate planning Agribusiness
Intergenerational farm rollovers
Family business succession planning involves many components, including family dynamics, leadership training, financial planning, management transition, legal agreements and ⁠–⁠ you guessed it ⁠–⁠ taxes.
Bud Arnold Jan 20, 2023
Green farm land with varying grass lengths creating an interesting organic pattern.
Alert Business advisory services Succession and estate planning Agribusiness
Rights or things: Farm inventory on a cash basis
When a farmer operating a proprietorship under the cash method passes away, executors must understand the tax treatment options for the farm inventory. This alert highlights often-overlooked tax planning strategies.
Kale Donald Dec 20, 2022
Green farm land with varying grass lengths creating an interesting organic pattern.
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