As a general rule, farmland is taxable unless there is an exemption. If no exemptions apply, the buyer and seller may choose to decline the Harmonized Sales Tax (HST) if certain conditions are met. What is the CRA definition of farmland? The Canada Revenue Agency (CRA) generally considers farmland to mean land that is regularly […]
Are you completing a Managed Forest Plan for your southern Ontario property? Do you have an existing wetland on your property? Ducks Unlimited Canada (DUC) can help you save money. How can I get a tax benefit from Ducks Unlimited? We talked about the Managed Forest Tax Incentive Program (MFTIP) in our last blog post. […]
Do you have some bush or forest area on your rural property? You may be eligible for tax relief when you follow an approved Managed Forest Plan. This blog post will provide a brief overview of the Government of Ontario’s Managed Forest Tax Incentive Program (MFTIP). How does the Managed Forest Tax Incentive Program work? […]
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