,canada ,cu/oms                       #a
& ,rev5ue ,ag5cy

          ,9t]pret,n ,bullet9
    
,subject3 ,9come ,tax ,act
  ,miscellane\s ,f>m ,9come
,date3 ,febru>y #e1 #aigi
,ref];e3 ,subsec;n #i7#a7 7al sec;ns #ad
  & #hj.c7

#a4 ,? bullet9 4cusses miscellane\s
  9come (a taxpay] 9 ! busi;s ( f>m+4

      ,sales ( ,f>m ,l& ,9clud+ !
          ,crop 7p>agraph #b7
    
#b4 ,": an agree;t =! sale ( f>m l& on :
  "! is a /&+ crop specifies ! am.t
  paya# =! crop1 ! am.t s specifi$ is
  9come 6! v5dor & an all[a# deduc;n 6!
  pur*as]4 ,": ! agree;t does n specify
  an am.t paya# =! crop1 no por;n (!
  sale price may 2 attribut$ 6! crop
                                      #a
               ,,it-#dbe             a#a
  9sof> z ei ! v5dor or ! pur*as] is
  3c]n$4

      ,sales ( ,"rs 6,h>ve/ ,crops
             7p>agraph #c7
    
#c4 ,": a taxpay] 9 ! busi;s ( f>m+
  reta9s ! title 6his f>m & m]ely sells
  ! "r 6h>ve/ ! crop "!from1 ! 3sid],n s
  pd = t "r is 9come 6! v5dor & an
  all[a# deduc;n 6! pur*as] = tax
  purposes4

      ,f>m]s--,f>m ,produce ,3sum$
             7p>agraph #d7
    
#d4 ,z 9 ! case ( all taxpay]s 9 busi;s1
  ! co/ value ( all mat]ials or produce
  3sum$ 0a taxpay] 9 a busi;s ( f>m+1 t
  7 /ock 9 trade & cd h be5 sold z s*1
  %d 2 deduct$ f ! o!rwise all[a#
  exp5ses (! f>m4 ,simil>ly 9 reg>d
  6produce f ! f>m]'s home g>d51 i4e43
  produce = 8 [n 3sump;n r ?an =      #b
               ,,it-#dbe             b#a
  sale1 any exp5ses 9curr$ 9 3nec;n "!)
  %d 2 exclud$ f ! op]at+ exp5ses (!
  f>m4

     ,ex*ange ( ,gds 7p>agraph #e7
    
#e4 ,": gds or s]vices >e rcvd 9 ex*ange
  = f>m products 0a taxpay] 9 ! busi;s (
  f>m+1 ! fair m>ket value (! f>m
  products giv5 0! taxpay] 9 ex*ange m/
  2 9clud$ 9 8 or h] 9come4 ,! value (!
  gds or s]vices rcvd 9 ex*ange 0!
  taxpay] may possibly 2 exp5s$ or
  capitaliz$1 dep5d+ on :at is rcvd4 ,=
  example1 if a taxpay] ex*anges :1t =
  repairs made 6a tractor1 ! value (!
  repairs wd 2 deducti# 9 -put+ f>m
  9come4 ,if1 h["e1 ! :1t is ex*ang$ =a
  new
--------------------------------------#b
  refrig]ator =! taxpay]'s h\se1 ! value
  (! refrig]ator wd 2 3sid]$ a p]sonal
  or liv+ exp5se & n deducti# 0virtue (
  p>agraph #ah7#a77h74                #c
         ,de/ruc;n ( ,live/ock       a#b
             7p>agraph #f7
    
#f4 ,an am.t rcvd or receiva# 7dep5d+ on
  ! me?od regul>ly foll[$ 9 -put+ 9come7
  0a taxpay] 9 ! busi;s ( f>m+ z -p5s,n1
  "u /atutory au?or;y =! =c$ de/ruc;n (
  live/ock 7s* z "u ! ,animal ,3tagi\s
  ,41se ,act71 is 3sid]$ 6be 9come4
  ,sec;n #hj.c p]mits ! def]ral (
  report+ ( ? am.t 6! ye> foll[+ t 9 : x
  0 rcvd or receiva#4 ,? def]ral is n
  availa# 9 ! tax,n ye> dur+ : a taxpay]
  dies or c1ses 6be resid5t 9 ,canada or
  9 any subsequ5t ye>4

        ,sale or ,l1se ( ,m>ket+
         ,quotas 7p>agraph #g7
    
#g4 ,an am.t rcvd or receiva# 7dep5d+ ^u
  ! me?od regul>ly foll[$ 9 -put+ 9come7
  0a taxpay] = grant+ a f>m] p]mis.n
  6use ! taxpay]'s m>ket+ quota 7=
  example toba3o1 egg1 milk or gra97 is
  3sid]$ 6be 9come & w 2 tr1t$ z      #d
               ,,it-#dbe             b#b
  9come f f>m+ if ! taxpay] is 5gag$ 9 a
  f>m+ busi;s4 ,! sale (! actual quota
  0a f>m] wd 2 3sid]$ 6be ! 4posi;n ( an
  eligi# capital prop]ty4

           ,o!r 7p>agraph #h7
    
#h4 ,o!r ,9t]pret,n ,bullet9s : 4cuss
  miscellane\s receipts (a taxpay] 9 !
  busi;s ( f>m+ >e z foll[s3
  7a7 ,,it-#ahb1 ,-p5s,n = ,loss (
    ,busi;s ,9come1 or ( ,prop]ty ,us$ 9
    a ,busi;s
  7b7 ,,it-#aig1 ,subdivi.n & ,sale (
    ,f>m+ or ,9h]it$ ,l&
  7c7 ,,it-#bjj1 ,surface ,r5tals &
    ,f>m+ ,op],ns
  7d7 ,,it-#beb1 ,agricultural & ,rural
    ,develop;t ,act ,grants
  7e7 ,,it-#bgc1 ,gov]n;t ,assi/.e--
    ,g5]al ,-;ts
  7f7 ,,it-#cdf1 ,-mod;y ,futures &
    ,c]ta9 ,-modities
                                      #e
               ,,it-#dbe             c#b
  7g7 ,,it-#cgc1 ,f>m ,woodlots & ,tree
    ,f>ms
  




















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