You're familiar with the nuances of soil pH levels, the timing of planting seasons, or the importance of proper irrigation. However, farming isn't just about the art of cultivating the land. It's also a business that demands strategic planning. In this complex environment, how you set up the framework of your agricultural enterprise—its business structure—can profoundly impact everything from your tax bracket to your liability exposure.
Crowe MacKay’s Agriculture industry experts share the pros and cons of various farm business structures and what kind of tax implications you can expect for each. If you require assistance, contact us in Alberta, British Columbia, Northwest Territories or the Yukon.