RESOURCES

Income Tax Issues Facing Agriculture
Aug 2016

Grain and cattle producers have experienced rising income levels in recent years.

Some cattle producers may be considering changing their business structure to a corporation to minimize income taxes.

Other producers may already have a corporation and are contemplating the succession of the farming operation to the next generation or exiting farming entirely.

Vern Peters is a partner with Stark & Marsh and the manager of our Tax Advisory group where he specializes in income tax solutions. He has discussed the income tax benefits associated with the use of corporations or having a farm partnership before incorporation in several locations across Saskatchewan. He also addressed important income tax issues surrounding succession of or exit from the farming operation.

The documents below were created by Vern Peters and are considered income tax legislation to the date of the presentations. Income tax legislation may have changed since that time with respect to information contained in these documents.

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