Farms

Our focus on farm accounts is to minimize your overall tax burden by advising you on suitable salaries to family members, advising you on incorporating your farming business, advising you on early payment of expenses, utilization of discretionary deductions such as Capital Cost Allowance (“depreciation”), and optional inclusion of inventory amounts in situations that warrant it. For family farm corporations, we will advise you on various remuneration options such as salaries, dividends, or repayment of shareholder loans.

We will complete your CAIS application forms and deal with any queries pertaining to them. We will also advise you on ways to maximize your CAIS refunds.

Our office has been certified for AgExpert and we will gladly assist you in setting up your accounting software, or answer any questions that you have about the software. We also support QuickBooks, Simply Accounting, and NewViews software.

In addition, we offer bookkeeping services to our clients, as well as payroll services.

As your professional accountants, we will prepare your financial statements for inclusion with your tax returns. We also do Notice to Reader reports, Review Engagement Reports, and Auditor’s Reports on financial statements.

Farm clients that we do work for include cash crop operations, dairy farms, hog farms, broiler-breeder operators, elk farms, layer farms, and broiler farms.