Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide 2021 – Table of contents
RC4408(E) Rev. 21
The term income tax return used in this guide has the same meaning as Income Tax and Benefit Return.
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For AgriStability and AgriInvest participants in British Columbia, Manitoba, Newfoundland and Labrador, Nova Scotia, New Brunswick, and Yukon.
Unless otherwise stated, all legislative references are to the federal Income Tax Act or, where appropriate, the federal Income Tax Regulations.
Table of contents
- Before you start
- What's new for 2021
- Chapter 1 – General information
- Chapter 2 – Your AgriStability and AgriInvest programs
- Participating in the programs
- Form T1273, Statement A – Harmonized AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals
- Form T1274, Statement B – Harmonized AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operations
- Completing the forms
- Participant information
- Other farming information
- Identification
- Chapter 3 – Calculating your farming income or loss
- Commodity and Program payment code lists
- Income
- Income from program payments
- Other farming income
- Summary of income
- Expenses
- Commodity purchases
- Repayment of program benefits
- AgriStability program – Allowable expenses
- AgriStability program – Non-allowable expenses
- Summary of income and expenses
- Partnership information chart
- Chapter 4 – Inventories, purchased inputs, deferrals, receivables and payables
- For AgriStability participants
- If the productive capacity of this operation decreased during the program year due to disaster circumstances
- Crop inventory valuation and productive capacity
- Livestock inventory valuation
- Livestock productive capacity
- Purchased inputs
- Deferred income and receivables
- Accounts payable
- Chapter 5 – Capital cost allowance (CCA)
- Chapter 6 – Eligible capital expenditures
- Chapter 7 – Farm losses
- Chapter 8 – Capital gains
- Find out what a capital gain is
- Find out what a capital loss is
- How to calculate your capital gain or loss
- Restricted farm losses
- Qualified farm or fishing property and cumulative capital gains deduction
- Real property or property included in Class 14.1
- Transfer of farm or fishing property to a child
- Transfer of farm or fishing property to a spouse or common-law partner
- Other special rules
- Information reporting of tax avoidance transactions
- Commodity list
- Program payment list A
- Program payment list B
- Inventory code list
- Regional code list
- Units of measurement code list
- Expense code list
- Productive capacity list
- Capital cost allowance (CCA) rates
- How to calculate the mandatory inventory adjustment (MIA)
- GST/HST rates
- Digital services
- For more information
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