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 readerAs 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 current version of guide T4002 includes tax information for all types of self-employment.
Services and information
- 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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