Farming and fishing income

You may be operating a farming business, a fishing business, or both. If you run both a farming and a fishing business, farming and fishing income includes income earned from activities from either list below.

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Farming income

Farming income includes income you earned from the following activities:

In certain circumstances, you may also earn farming income from:

The raising or breeding of animals, fish, insects or any other living thing to be sold as pets is not a farming activity.

For more information, go to Chapter 1 of Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income.

Fishing income

Fishing income includes income you earned from the following activities:

It also includes income from:

You can earn fishing income as a self-employed fisher or as a partner in a fishing partnership. It does not include income you earned working as an employee in a fishing business. If you are not sure whether you are a self-employed fisher or an employee, go to Guide T4005, Fishers and Employment Insurance.

We consider crew members who receive a share of the catch, commonly known as sharespeople, to be self-employed. Therefore, you may also have to register for GST/HST as a business. For more information, go to GST/HST.

For more information, go to Chapter 1 of Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income.

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