CRA states guidelines on what is a business

In its Folio on the Meaning of Farming and Farming Business, CRA has carried forward most of its positions on what constitutes farming from three IT Bulletins and also updated for some more recent positions, e.g., that farming does not include raising pets. Of more general interest, CRA states guidelines for applying Stewart in determining whether farming activities are a business.

Neal Armstrong. Summaries of S4-F11-C1 under s. 248(1) – farming, s. 4(1)(a) and s. 3(a) – business source.