Agriculture

Solutions to navigate change and grow for the future.

Farm-to-table solutions for your agribusiness

Knowing how your financial situation stands allows you to manage risk and plan for the future—whether it's unpredictable weather, international trade disputes, labour issues, supply chain disruptions, or market volatility.

At BDO, our vision is simple and focused: to provide our clients with valuable, trusted information for their continual improvement. We go beyond completing year-end financial statements and complicated tax returns to helping family farms respond to changes and opportunities with technology solutions, farm transition planning, benchmarking analysis and industry insights.

With unparalleled capabilities in the agricultural ecosystem across the region, our specialized team brings hands-on experience and unmatched expertise for smart, strategic solutions.

Featured insights and offerings for the agriculture industry

Resources to support your business

2023 National Agriculture Conference

Watch the videos from BDO Canada’s 2022 National Agriculture Conference, where industry experts gathered virtually to discuss important issues facing farms in Canada.

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The Underused Housing Tax and your farm operation

In June 2022, the Underused Housing Tax (UHT) Act received Royal Assent and is now law. If you operate your farm through a Canadian corporation or Canadian partnership and it owns a residential property, you will be required to file a UHT return even if no UHT is owed due to applicable exemptions. We walk you through the details.

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Farm transition: is your farm offside?

Failing to plan for the future of your farming business—such as ownership transfer— could result in missed opportunities to benefit from farm specific tax exemptions and deferrals, and potentially leave the family scrambling. Learn how to optimize the use of the lifetime capital gains exemption during ownership transfer.

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What you should know about the new agriculture financial reporting standards

Until 2022, there was no standardized method for valuing live or still growing assets. A new standard—ASPE Section 3041—has changed that and provides guidelines for creating year-over-year comparable financial statements.

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Related insights

Article

Government proposes changes to tax rules that facilitate intergenerational farm ...

July 10, 2023

BDO tax leaders summarize proposed tax updates for intergenerational transfers.

Article

Buy or lease? A guide to choosing farm equipment

June 13, 2023

We consider the pros and cons of buying vs. leasing farm equipment.

Article

The Underused Housing Tax and your farm operation

February 13, 2023

The new UHT implements 1% tax on underutilized properties in Canada. Find out if your farm operation is affected.

Article

Taking the leap from hobby and part-time farming to a full-time venture

January 19, 2023

The first step in becoming a full-time farmer is deciding if that's the path for you. Learn about the differences between hobby, part-time, and full-t...

Article

Farm transition: Is your farm offside?

January 10, 2023

Learn how farmers can leverage available tax benefits during ownership transfer.

Article

5 questions to consider when buying quota

November 22, 2022

When considering farm expansion, farmers need to revisit their goals, consider cash flow implications, prioritize their investments, and develop long-...

Article

Sacha Blasiak-Priestley offered insight on the future of farm digitization

October 24, 2022

Sacha Blasiak-Priestley speaks about the benefits of digitizing operations for small-scale farms

Article

Cash flow crunch: Can I buy land?

October 18, 2022

With the price of commodities continuing to rise, the average value of Canadian farmland has also been steadily rising. Is it time to buy land? Here's...

Deals

BDO Deals - Envirotech Ag Systems Ltd.

July 27, 2022

BDO Canada advised on the sale of Envirotech Ag Systems Ltd.

Article

What you should know about the new agriculture financial reporting standards

March 29, 2022

Discover how the new accounting standard, ASPE Section 3041 can help create financial statements that are more comparable year-over-year and between f...

Article

Carbon Tax Rebate for farmers

January 14, 2022

The federal government proposed to return fuel charge proceeds directly to farming businesses in backstop jurisdictions through a refundable tax credi...

Article

AgriInvest: Tax saving strategies for your farm

January 10, 2022

Are you using effective tax saving strategies to manage your farm’s AgriInvest account? Learn how to make AgriInvest work for you and your business.

Infographic

Shining an entrepreneurial spotlight on the disability community

November 30, 2021

How inclusive is Canada’s business ownership landscape? This infographic breaks down national data to highlight key successes and remaining gaps in bu...

Article

Smart farms and cybersecurity - steps to protecting your agriculture business

November 03, 2021

Today’s precision agriculture uses sophisticated technologies such as robots, sensors, and GPS technology. However use of advanced technology can brin...

Article

Top 4 strategies to stay connected and retain key talent during critical times

November 01, 2021

Businesses face complex talent retention and HR challenges. This article looks at four strategies to help employers stay connected and retain key empl...

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Guidance and advice that service the agriculture industry

Drawing on deep industry knowledge, our financial advisory experts help businesses of all sizes—from mid-market to enterprise—achieve their strategic objectives. Using best-in-class tools, we collaborate with clients to create integrated solutions for each stage of the business lifecycle, from building long-term value and improving profitability to meeting compliance needs to preparing businesses for sale or restructuring.

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BDO’s SR&ED and Government Incentives team uses a comprehensive approach to helping clients access funding through critical stages, from early development to global scaling. We work with clients to develop a funding road map to match the appropriate funding to their evolution and to integrate it with their overall capitalization.

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BDO Tax professionals can help you remain compliant and stay on top of new developments. We offer a full range of integrated, multidisciplinary tax services that allow us to address multiple client issues—helping you streamline your tax operations.

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Technology continues to change the way you operate your business. Exploring solutions—including integrating cloud software, automation, implementing cybersecurity solutions, harnessing data for business decisions, and innovating your employee experience—requires trusted guidance. Our experienced team is focused on helping you unlock innovation for growth and success.

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BDO’s Wealth Advisory professionals build an extensive understanding of individual client situations. This approach enables our team to develop a thorough and comprehensive financial plan that aligns to our clients’ unique investment, retirement, and estate planning goals.

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