Overview

Ontario farm businesses are required to navigate through a number of unique tax situations. From selling crops or livestock to passing the farm down to the next generation, almost every decision made by farmers has some type of tax implication. Farmers pay taxes to all three levels of government (municipal, provincial and federal) and the tax policies that governments enact have implications for farmers.

The following information will guide you through the major tax policies impacting Ontario farmers, and the changes that OFA continues to advocate for.

• Farm Property Class Tax Rate
• Property Assessment and Taxation
• Ontario Land Transfer Tax
• Income Tax (including Lifetime Capital Gains Exemption, Alternative Minimum Tax)
• Restricted Farm Losses
• Small Business Tax Rate
• Sales Tax (HST, RST, Fuel)

For more information on these tax issues, please see the Fact Sheets linked at the bottom of this page.

OFA Position

OFA continues to work with all three levels of government, to ensure the government tax policies recognize the unique structures and needs of farm businesses.