 | | January 2019 | Favourable tax treatment for land clearing and drainage
Luther VanGilst, CPA, CA, is a senior tax manager in the Winchester office of Baker Tilly | | The tax treatment of clearing and tile drainage of agricultural land differs based on the ownership and use of the land. This article discusses the treatment under the most common scenarios. Compared to other businesses, farmers receive favourable tax treatment for these types of expenditures. |
| | | | Baker Tilly Ottawa LLP | 
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Baker Tilly Canada regularly publishes Farm Alert for its clients and associates. It is designed to highlight and summarize the continually changing farming and agricultural scene across Canada. We always recommend you seek professional advice before taking specific planning steps. |
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