Expert Agriculture and Farmer Tax Services in Canada
BOMCAS Canada's team of experts offers comprehensive bookkeeping, financial statement preparation, and year-end tax compliance services for agriculture industry.
Maximize Your Financial Success with BOMCAS' Agriculture Accounting Services
At BOMCAS Canada, we understand the unique challenges faced by farmers and the agriculture industry. That's why we offer a wide range of accounting and tax services specifically tailored to meet the needs of this industry. Our team of experts has the knowledge and experience to help you navigate the complex tax laws and regulations specific to the agriculture industry, and to provide you with the financial support you need to grow your business.
Our services include:
- Farm Income Averaging: This allows farmers to average their income over a period of up to 5 years, which can reduce their tax liability and provide more stability in their income.
- Tax Planning for Income Splitting: We can help you plan for income splitting between family members, which can help reduce your overall tax liability.
- Succession Planning: We can help you plan for the transfer of your business to the next generation, including the tax implications of such a transfer.
- Government Program Applications: We can help you navigate the various government programs available to farmers and the agriculture industry, such as the Canadian Agricultural Loans Act and the Advance Payments Program.
- Bookkeeping Services: We can help you keep accurate records of your income and expenses, which is essential for compliance with tax laws and regulations.
- Financial Statement Preparation: We can prepare financial statements for your business, which can be used for lending, tax compliance, and other purposes.
- Year-End Tax Compliance: We can help you comply with tax laws and regulations at year-end, including the preparation and filing of tax returns.
- Tax Planning and Compliance: We can help you plan for taxes throughout the year and ensure that you are in compliance with all laws and regulations.
- Business Planning and Strategy: We can help you develop a business plan and strategy that will help you achieve your goals.
- Cash Flow and Budgeting Analysis: We can help you analyze your cash flow and budget to ensure that you have the resources you need to grow your business.

At BOMCAS Canada, we are committed to providing high-quality accounting and tax services to farmers and the agriculture industry. Contact us today to learn more about how we can help your business succeed.
Services
Contact Us
In today's complex business landscape, understanding British Columbia corporate income tax is crucial for companies operating in the province.
The Canadian real estate market is dynamic and lucrative, attracting investors, developers, and property management companies from around the world. However, navigating the complexities of real estate transactions in Canada requires expertise in financial management, tax regulations, and risk assessment.
Canadian businesses seeking effective tax planning strategies. It provides comprehensive insights into optimizing tax structures, deductions, and credits while ensuring compliance with current tax laws. BOMCAS Canada Accountants offer expert assistance in implementing these tax planning strategies in Canada.
As a business owner in Canada, navigating the complex landscape of tax regulations is crucial to ensuring compliance and optimizing your financial strategies.
As a small business owner in Canada, bookkeeping is an essential task that you need to undertake to ensure the financial health and success of your business.
In Canada Personal income tax is a tax levied on the income of individuals in Canada. It is a key source of revenue for the government and is used to fund various public services and programs.
As a small business owner in Canada, it is important to understand the process of preparing and filing your corporation income tax return. By properly managing your taxes, you can maximize tax benefits and ensure compliance with the Canadian Revenue Agency (CRA).
How to Manage Your Business Finances: Insights from an Expert Canadian Accounting Firm. Balancing the books is critical to the success of your business in Canada. Accurate bookkeeping, organizing financial records, effective bookkeeping, and working with a Canadian accounting firm are all essential components of managing your finances effectively. By following these tips, you can ensure that your business's finances are in good hands, and you can make informed decisions about how to allocate resources while staying compliant with Canadian tax regulations.
Reduce Your Tax Bill: The Ultimate List of Tax Deductions and Credits for Canadian Taxpayers in 2022. Knowing what tax deductions and credits you're eligible for can help you save money and reduce your tax bill. By understanding the most common deductions and credits available to Canadian taxpayers in 2022, you can make sure you're taking advantage of all the tax savings opportunities available to you.
A comprehensive guide for small business owners in Canada who want to demystify the auditing process. We break down the audit process into simple stages and provide tips to help small business owners navigate the process with confidence.