Tax
Every year, tax laws and interpretations change and become more complex – making it difficult for agriculture businesses to not only comply but maximize the returns to their farm business. That’s why it is important to work with a team of tax advisors who have the history, expertise and industry insight to help you stay competitive and profitable.
We tailor our business and personal taxation services to meet the unique needs of our agriculture clients. We understand that your business plan is an evolutionary process that must be adapted as family dynamics change and the farm business matures. We also know what it takes to ensure you pay the least amount of tax possible and get the most from your operation.
To learn more about MNP’s Agriculture Tax Services, please download our fact sheet.
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Your Farm Has Hundreds of Moving Parts, Each as Important as The Next.
With an eye for detail and personalized approach, trust MNP’s specialists to provide the accounting, consulting and tax advice you need.
Solutions for Your Success
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Taxpayers in Canada are entering a new and uncertain era of taxation policy. The financial impact of COVID-19, combined with the fiscal budgets over the past few years has resulted in historic levels of government spending. This leaves many left to wonder what the tax rates of the future will be. We suspect future tax policy will have a significant impact on farming and agriculture businesses. There are several potential impacts to consider. We briefly touch on a few important topics to Canadian farmers in this article.
Insights
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Performance
April 22, 2021
The 2021 Federal Budget Highlights for the Agriculture Sector
The 2021 Federal Budget delivered numerous announcements that may impact the agriculture sector. Find out what the changes mean for you and your farm business.
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Performance
January 12, 2021
Tax Tip Reminders for Dairy Producers
As tax filing for 2020 approaches, dairy producers should keep in mind a few key points to minimize any surprises and ease their tax burden now and in the near future.
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Performance
October 11, 2020
Capital gains exemption not keeping pace with land values and costs
The $1 million capital gains exemptions hasn't kept pace with the ever increasing capital and operating costs facing farm operators today.
