Farma, I am very far from an expert in anything...just good at google seach
About all I can find online is that farming income in a corporation must be actual farming (not fake farming either such as a crop share)
Once a farm is not earning farming or business income (interest and investment income included) then it get taxed at the low rate. In Sask the high rate is over 46% unless you pay enough dividends out annually. Then is appears to be 20%
About all I can find online is that farming income in a corporation must be actual farming (not fake farming either such as a crop share)
Once a farm is not earning farming or business income (interest and investment income included) then it get taxed at the low rate. In Sask the high rate is over 46% unless you pay enough dividends out annually. Then is appears to be 20%
Comment