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Farm Risk Management

Year-end tax planning for farmers

year end tax planning farmers woman with tablet in field

Last updated: Oct. 24, 2021 
When you’re busy with the harvest, or preparing for the upcoming season, taxes are probably the last thing on your mind. Why worry about taxes now? Proper tax planning is a year-round process. By planning now, you can take advantage of strategies to lower your tax bill in advance of the … Read more

Why farm succession planning is so important

a farm family stands in front of their barn

Last updated: Sep. 30, 2019 
According to Agriculture Canada the total value of farmland and buildings in Canada amounted to $427.9 billion in 2016. In the same year, the total value of farm machinery and equipment owned and leased by farm operators added another $53.9 billion to the asset base. The fastest-growing age group in the … Read more

How the Sharing Economy Impacts Your Taxes

Cottage on the lake

Last updated: May. 8, 2019 
The sharing economy is a kind of shadow economy, where private individuals share products or services, either for free or at a cost. Sharing economy arrangements are typically conducted online, through a community-based website. The sharing economy is hardly new. For thousands of years people have shared their assets, but the … Read more

Tax Management Strategies for Farm Operators

Tax Management Strategies for Farm Operators

Last updated: Apr. 25, 2018 
Farming is a very unique business that comes with a large number of tax laws that relate only to farmers. There are a lot of tax management strategies for farmers to take advantage of; overlooking one could easily cost you tens of thousands of dollars. Below are some Canadian farm tax … Read more

AgriStability Changes for 2018

AgriStability – What’s New for 2018

Last updated: Mar. 6, 2018 
AgriStability – What’s New for 2018 A new 2018 Program was recently announced and, while there were only some minor changes, it is an opportunity for you to evaluate your Ag Risk Management, which includes AgriStability as an option. AgriStability is one of the risk management programs that was offered under … Read more

Changes to Farm Business Risk Management Programs

Changes to Farm Business Risk Management Programs (AgriStability & AgriInvest

Last updated: Jan. 8, 2018 
The Canadian government has announced a replacement to Growing Forward II, which expired effective December 31, 2017. The new Farm Business Risk Management Program still includes AgriStability and AgriInvest. Farm Business Risk Management Programs The suite of Farm Business Risk Management programs includes: AgriStability: support when producers experience a large margin … Read more

BC Wildfire Recovery Programs

BC Wildfire Recovery Programs

Last updated: Nov. 9, 2017 
As wildfires are still burning in many areas of B.C., and thousands of people remain on evacuation order, the government’s focus will continue to be on fire suppression and emergency social services supports. In the coming weeks, this focus will shift more fully from public safety to recovery. To assist families … Read more