Accounting, taxes, and management are complex and highly specialized in the world of farming. Because of this, they call for strong expertise, solid knowledge of the issues at play, and professionals who are as passionate as the farm business owners themselves.
The farming world — our passion
Thanks to the strength of cooperation, SCF Conseils Saguenay–Lac-Saint-Jean Inc. has a team of experienced specialists to guide you in reaching your goals and pushing your business forward!
Taxes can be a major expense for businesses, and many special rules apply in the agriculture sector. Whether you’re looking to transfer a business or reduce your annual tax bill, SCF Conseils has tax experts and partners at the ready to give you the best advice.
Whether you’re seeking to assess, expand, or transfer a business, or even solve a financial or management problem, SCF Conseils has agricultural economists and partners to guide you through the process and offer the best solutions.
In the course of their business, farmers are required to follow numerous laws regarding the environment, the highway code, food safety, farmland, quotas, building construction, and more. SCF Conseils has legal advisers and partners who know the legislation inside out to help guide farmers in meeting their obligations and defending their rights.
The specialists at SCF Conseils and our partner firms (including CPA professionals) are ready to help prepare your financial statements. Our experienced technicians can help you track your transactions, prepare your payroll, fill out government forms, and submit financial data for Agris programs.
Farm businesses are growing in size. That means they need workers, whether foreign or local. Managing employees, ensuring their safety, complying with labour standards, and training staff are all issues farmers contend with in today’s world. SCF Conseils and our partners are here to support employers in meeting their human resources management needs.
SCF Conseils and its partners work all across Quebec. The team includes over 300 specialists who are passionate about the farming world and serve over 12,000 businesses. Our network’s cooperative model means more farmers have access to a full cutting-edge expert advice at rates they can afford, all across the province. Ask your partner for information!
If you cannot find an answer to your questions, contact us immediately!
SFC Conseils professionals and partners specialize in agriculture and are intimately aware of the issues affecting the industry. This makes them more effective and better positioned to meet farmers’ needs.
SCF Conseils partners are located all across Quebec. Visit the service hub for your administrative region.
Because SFC Conseils professionals and partners specialize in agriculture and know the industry inside out, they work more efficiently on their cases. The time saved is reflected in our clients’ bills.
Certain provisions in the federal Income Tax Act and Quebec’s Taxation Act allow a person who has used farm assets in the course of operating a farm business to transfer them to a child or even a grandchild, tax-free. Highly specific conditions do apply, however.
Exemptions are possible for capital gain arising from the sale of land used for a farm business. However, very strict conditions apply. For example, renting land to a farmer does not make it an eligible asset. Also, if the income derived from the agricultural operation is too low, the gain from the sale of land may be taxable.
For tax purposes, the revenue of a farm business can be calculated on a cash basis. In this calculation, the revenue generated during the fiscal year is added and the expenses paid that same year are subtracted. This means that if a farmer purchases inputs at the end of the current year but plans to use them next year, the farmer could still subtract that expense in the current year, which would reduce the taxable income accordingly.
The Agri programs were developed to allow farmers to manage the risks that come with income fluctuations. For example, AgriInvest is an individual program based on savings. A farm business can make an annual deposit into an account and in turn receive matching government contributions (up to $10,000).