Posted on August 29th, 2021 in Agribusiness, Domestic Tax

Is a Farm Partnership Right for Your Farming Business?

People shaking hands in a wheat field, farmer's agreement. Agricultural growth and farming business concept.

For tax planning purposes, a farm partnership is a potentially beneficial tax structure. The partnership must be carried out by two or more people, related or non-related, with a shared goal of making a profit for their businesses.

This article, provided by RSM Canada, concentrates on partnerships between individuals and explores some examples of farm partnerships and tax-saving scenarios.

Article written by RSM Canada and referenced with permission as a member of RSM Canada Alliance.