Resources & Articles

Agribusiness


FEDERAL CARBON TAX: Costs and RebatesApril 1st, 2021

Update Federal carbon levy ruled constitutional – Visit this article, provided by RSM Canada, to read about The Supreme Court of Canada’s recent judgment on...
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GST/HST with Early Payment Discounts and Late Payment PenaltiesMarch 22nd, 2021

As an incentive to improve cash flow, many companies offer early payment discounts to their customers, such as 2/10 net 30 terms (i.e. two percent...
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Your Farming Insurance May Be Subject to TaxJanuary 13th, 2021

It has come to our attention that the Canada Revenue Agency (CRA) is sending out correspondence to taxpayers regarding their insurance premiums.  There are provisions...
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Commercial Insurance and COVID-19January 11th, 2021

During this time many businesses have been forced to close, and those that have not are facing a new unexpected operating environment. The businesses that...
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Brand New Accounting Standard for Agriculture under ASPE and ASNPO Released! How will Your Financial Statements be Impacted?November 20th, 2020

The Canadian Accounting Standards Board (AcSB) has released a new accounting standard on agriculture. The new standard provides guidance on recognizing, measuring, and disclosure with...
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Meet the Agribusiness Advisory TeamOctober 16th, 2020

Meet our team of Agribusiness Industry Advisor professionals.  Our team  provides experienced leadership, specialized solutions, and real bottom line results to agribusinesses.
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VIDEO CONFERENCING TIPS: Making it Look ProfessionalSeptember 23rd, 2020

In an April 29, 2020, CPA Canada article, the author provided a variety of tips for professional meetings conducted by online video conference, which has...
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TEMPORARY LAY-OFFS: Supplemental Unemployment Benefit (SUB) PlansSeptember 8th, 2020

The purpose of a SUB plan is to allow an employer to make supplemental payments to Employment Insurance (EI) benefits, without eroding those EI benefits....
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CERB Transitions to EI and Government Announces Three New Benefit ProgramsAugust 24th, 2020

New benefits are being announced and Employment Insurance (EI) is being revamped; here’s what you need to know.  On August 20, 2020, the Federal Government...
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CONTRIBUTIONS OF GOODS OR SERVICES TO AN NPO: Tax ImplicationsAugust 18th, 2020

In a January 6, 2020 Technical Interpretation, CRA considered whether a deduction was available to suppliers who contributed in-kind goods or services to an NPO...
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