Words and Phrases - "livestock"

a
88
b
44
c
78
d
52
e
38
f
31
g
19
h
14
i
74
j
2
k
2
l
32
m
56
n
25
o
38
p
81
q
3
r
76
s
90
t
47
u
16
v
9
w
23
y
2

S4-F11-C1 - Meaning of Farming and Farming Business

Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Farming

Non-listed examples

1.5 In addition to the activities described in the definition of farming in subsection 248(1), farming can also include:

  • engaging in an aquaculture operation;
  • operating a woodlot;
  • planting, growing, and harvesting Christmas trees;
  • operating a nursery or greenhouse;
  • growing tobacco or medicinal marijuana, but not the manufacturing or processing associated with these crops;
  • operating a chick hatchery;
  • operating a maple sugar bush, which may include extracting and collecting maple sap;
  • producing peat moss; or
  • cultivating crops in water and hydroponics.

Aquaculture

1.9 Farming may include raising fish or shellfish in water, if they are stocked and harvested in a controlled environment. ... Generally, the greater the extent of the activity, and the more sophisticated or organized the methods employed, the more likely the activity is farming rather than fishing.

Operation of a woodlot

1.11 ... If the business’ main focus is planting, nurturing, and harvesting trees under a forest management or similar resource plan (in other words, managing the growth, health, quality and make-up of the woodlot), it may be a farming business. ...

Excluded activitites

1.13 Farming does not include:

  • raising or exhibiting wild or exotic animals (for example, operating a zoo by raising and exhibiting lions, tigers, apes, or elephants);
  • producing methane gas from hog waste, or producing electricity from methane gas;
  • raising or breeding of animals, fish, insects, or any other living thing, for use or sale as pets;...
  • providing agricultural monitoring or consulting services to farmers to help with any part of farm management;...
  • renting out or leasing farm property, for example to a sharecropper. ...
Words and Phrases
livestock