Farmers and fishers
Most of the rules and tax legislation that apply to self-employed businesses will also apply to an individual or partners running farming operations, fishing operations, or both. For example, Keeping records and Important dates for businesses also apply to farmers and fishers. Select a topic to find specific information for farmers and fishers.
In 2017, Guide T4004, Fishing Income, will no longer be published. It will be replaced by Guide T4003, Farming and Fishing Income. The T4003 will include tax information for both farmers and fishers.
Services and information
- What is farming and fishing income?
What earned income is considered farming and fishing income.
- Reporting income and loss
Methods you can use to report your income or loss from your farming or fishing activities.
- Capital cost allowance
Deducting the cost of depreciable property for your farming or fishing business.
- Eligible capital expenditures
Buying property with no physical existence that gives you a lasting economic benefit.
- Capital gains and losses
Reporting gains and losses on the sale of capital property, information on qualified farm or fishing property, and transfering farm or fishing property.
- Drought and excessive moisture for farmers
Drought and excessive moisture tax measures for farmers.
- AgriStability and AgriInvest programs for farmers
Programs to protect your farming operation from drops in income.
Forms and publications
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