Farmers and fishers
Most of the rules and tax legislation that apply to self-employed businesses will also apply to an individual or partners operating a farming business, a fishing business, or both. For example, keeping records also applies to farmers and fishers. Select a topic to find specific information for farmers and fishers.
Notice to the reader
As of 2018, Guide T4003, Fishing and Farming Income, is no longer published. Instead, use Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income. The 2017 version of Guide T4002 includes tax information for all types of self-employment.
Services and information
- What is farming and fishing income?
What earned income is considered farming and fishing income.
- Reporting income and loss
Methods you can use to report your income or loss from your farming or fishing activities.
- Capital cost allowance
Deducting the cost of depreciable property for your farming or fishing business.
- Eligible capital expenditures
Buying property with no physical existence that gives you a lasting economic benefit.
- Capital gains and losses
Reporting gains and losses on the sale of capital property, information on qualified farm or fishing property, and transfering farm or fishing property.
- Drought and excessive moisture for farmers
Drought and excessive moisture tax measures for farmers.
- AgriStability and AgriInvest programs for farmers
Programs to protect your farming operation from drops in income.
Forms and publications
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