Edmonton and Red Deer Farm Business Accounting Services – BOMCAS LTD.
BOMCAS LTD Edmonton and Red Deer Alberta Farm Business Accounting Services specializes in Bookkeeping, Payroll for Corporate, Small and Medium size Business and Tax preparation and filing for Corporation, sole proprietorship and individual personal tax. We serve clients throughout Sherwood Park, Edmonton and surrounding areas. Local and virtual accounting services provided in order to help client that is unable to visit locally.
Our experience and qualify team have been providing Accounting and Tax service for more than 15 years. When you are looking for a one stop accounting and tax services, we are there to provide a complete solution package for you.
Farming and Fishing Income
You may be operating a farming business, a fishing business, or both. If you run both a farming and a fishing business, farming and fishing income includes income earned from activities from either list below.
Farming income
Farming income includes income you earned from the following activities:
- soil tilling
- livestock raising or showing
- racehorse maintenance
- poultry raising
- dairy farming
- fur farming
- tree farming
- fruit growing
- beekeeping
- cultivating crops in water or hydroponics
- Christmas tree growing
- operating a chicken hatchery
- operating a feedlot
In certain circumstances, you may also earn farming income from:
- raising fish
- market gardening
- operating a nursery or greenhouse
- operating a maple sugar bush
Fishing income
Fishing income includes income you earned from the following activities:
- salt water fishing – boat owners with crewshares
- salt water fishing – boat owners without crewshares
- salt water fishing – sharesman
- freshwater fishing – boat owners with crewshares
- freshwater fishing – boat owners without crewshares
- freshwater fishing – sharesman
- animal aquaculture
- sale of fish, shellfish, crustaceans or other marine products
It also includes income from:
- grants
- credits
- rebates
- subsidies
- compensation for loss of fishing income or property
- other income