taxes Archives - Page 4 of 4 - Alberta Farmer Express

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Five questions to ask your accountant

By Angela Lovell April 18, 2017

It’s tax time again and there are a number of new or imminent personal and corporate income tax changes which could have implications for farm families on their 2016 tax return, or need to be discussed with the accountant to plan for this year. When the federal government announced tax changes in its 2016 budget last March it[...]
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Crops, News

Alberta Wheat fighting to keep tax deferral

Ottawa is missing the point when it says grain farmers shouldn’t get a special tax break, says Alberta Wheat chair Kevin Auch

By Glenn Cheater April 6, 2017

Reading Time: 3 minutes A tax break for grain farmers that Ottawa is considering taking away is deserved and benefits the entire grain sector, says the chair of the Alberta Wheat Commission. “I guess we are asking for special tax treatment but it’s because of our special circumstances,” said Kevin Auch. Following its recent budget, the federal government said[...]
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Livestock, Machinery, Reuters

Caterpillar says compliant with tax laws after IRS claim

By Reuters March 11, 2017

Reuters — Caterpillar Inc. said Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company’s buildings in connection with a probe into the heavy machinery manufacturer’s offshore tax practices. The Internal Revenue Service (IRS) has challenged the company’s taxes for the years 2007-2012, the company said[...]
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Crops, Livestock, News

That work you hate pays very well

If you’re still running the farm on a cash basis, you’re tying one hand behind your back

By Alberta Agriculture and Forestry January 8, 2016

Reading Time: 2 minutes Nearly three decades ago, a study of farmers’ work priorities found — to no one’s surprise — that record-keeping ranked well behind field work; buying and selling machinery and crops; and equipment repair. Only 16 per cent hired outside help for record-keeping, 50 per cent did it themselves and 20 per cent named their spouse[...]
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Livestock, News

Year-end values have a big impact on inventory

Breeding stock can have an especially big effect on the value of inventory

By Alberta Agriculture And Rural Development April 7, 2015

Reading Time: < 1 minute When it comes to doing an accrual, an Alberta Agriculture and Rural Development specialist says it’s important to remember that a change in value for an inventory item can have a dramatic effect in calculating the accrual adjustments. As an example, if you had 500 cows with a value of $2,000 each on Dec. 31,[...]
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Tag Archives taxes

Five questions to ask your accountant

Alberta Wheat fighting to keep tax deferral

Caterpillar says compliant with tax laws after IRS claim

That work you hate pays very well

Year-end values have a big impact on inventory

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