Resources & Articles

Agribusiness


Reminder: New Accounting Standard for Agriculture under ASPE and ASNPO Released! How Will Your Financial Statements be Impacted?November 4th, 2022

The Canadian Accounting Standards Board (AcSB) has released a new accounting standard on agriculture. The new standard provides guidance on recognizing, measuring, and disclosure with...
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Wine Sector Support Program: First Year Application Intake Now ClosedJune 30th, 2022

On June 29, 2022, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, announced the details of a new two-year Wine Sector Support Program. ...
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Buying or Selling Farmland: Key ConsiderationsOctober 5th, 2021

For a farm owner, the decision to buy or sell farmland is complicated and should not be taken lightly. Any decision made has the potential...
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How Does GST/HST Apply when Exporting Tangible Goods from Canada?September 30th, 2021

As Canadian companies continue to look for customers in other parts of the world, they must ensure that they take into consideration that Canada’s GST/HST...
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Meet the Agribusiness Industry Advisory TeamSeptember 28th, 2021

Meet our team of Agribusiness Industry Advisor professionals.  Our team provides experienced leadership, specialized solutions, and real bottom-line results to agribusinesses.
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Is Your Winery a “Farm”?September 27th, 2021

The Canadian Income Tax Act contains a number of advantageous rules for farmers across Canada, such as the ability to use a cash basis to...
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Your Farming Insurance May Be Subject to TaxSeptember 15th, 2021

It has come to our attention that the Canada Revenue Agency (CRA) is sending out correspondence to taxpayers regarding their insurance premiums.  There are provisions...
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Is a Farm Partnership Right for Your Farming Business?August 29th, 2021

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...
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UPDATE: Bill C-208, Inter-generational Business Transfers, Receives Royal AssentJuly 7th, 2021

UPDATE: The June 30 announcement caused much confusion due to concerns that the amendments would retroactively change the legislation, leaving taxpayers in a state of...
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STARTING A BUSINESS AND NOT GETTING PAID: Can I collect EI?May 18th, 2021

In a January 10, 2020 Federal Court of Appeal case, the Court conducted a judicial review of the denial of the taxpayer’s EI benefits. While...
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