_ _ Farm Property Class Tax Rate Program Application for Start-up Farming Business Income Exemption This application will be used to determine eligibility for a one-year Start-up Farm Business Income Exemption for the Farm Property Class Tax Rate Program. Step 1 Confirm Basic Eligibility Requirements I confirm that the farming business meets all of the following conditions: Have started or plan to start a new* farming business for which I will be entering the market for the first time and will be generating a farm income as defined by Canada Revenue Agency (CRA) The farming business has not generated more than $ 7,000 in its previous income tax year The purpose of the Start-up Exemption is to apply to the Farm Property Class Tax Rate Program The farming business has filed or will be filing income taxes and can provide them upon request to validate farming business income and expenses. (Failure to provide requested tax records may result in this application being denied) *If you are seeking an Income Exemption as a result of business restructuring, low production or age/illness or death, please contact the Agricultural Information Contact Centre AICC at 1-877-424-1300 or email: [email protected]to obtain the appropriate application. Step 2 Application Information Specify who is applying for the Start-Up Income Exemption: Property Owner, complete 2(a) Tenant Farmer, complete 2(b) 2(a) Property Owner Information Farming Business Name (If applicable) Name of the Property Owner FPCTRP Owner ID (if known) *Property Roll Number 0 0 0 0 *If you are a Property Owner of multiple properties, use additional sheets to record all Property Roll Numbers relevant to this application. Mailing Address City/ Town Postal Code Email Phone Number 2(b) Tenant Information (If applicable) Name of Tenant Farmer Farming Business Name (if applicable) Email Mailing Address City/Town Postal Code Phone Number Provide the property tax roll numbers for all properties for which you are the tenant FPCTRP Owner ID (if known) *Property Roll Number 0 0 0 0 *If you are a Tenant Farmer of multiple properties, use additional sheets to record all Property Roll Numbers relevant to this application Page 1 of 6 Ver 2.0.2
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Farm Property Class Tax Rate Program Application for Start-up Farming Business Income Exemption
This application will be used to determine eligibility for a one-year Start-up Farm Business Income Exemption for the Farm Property Class Tax Rate Program.
Step 1 Confirm Basic Eligibility Requirements I confirm that the farming business meets all of the following conditions:
Have started or plan to start a new* farming business for which I will be entering the market for the first time and will be generating a farmincome as defined by Canada Revenue Agency (CRA)
The farming business has not generated more than $ 7,000 in its previous income tax year
The purpose of the Start-up Exemption is to apply to the Farm Property Class Tax Rate Program The farming business has filed or will be filing income taxes and can provide them upon request to validate farming business income and
expenses. (Failure to provide requested tax records may result in this application being denied)
*If you are seeking an Income Exemption as a result of business restructuring, low production or age/illness or death, please contact the Agricultural
Information Contact Centre AICC at 1-877-424-1300 or email: [email protected] to obtain the appropriate application.
Step 2 Application Information Specify who is applying for the Start-Up Income Exemption: Property Owner, complete 2(a) Tenant Farmer, complete 2(b)
2(a) Property Owner Information Farming Business Name (If applicable)
Name of the Property Owner FPCTRP Owner ID
(if known)
*Property Roll
Number 0 0 00 *If you are a Property Owner of multiple properties, use additional sheets to record all Property Roll Numbers relevant to this application.
Mailing Address
City/ Town Postal Code
Email Phone Number
2(b) Tenant Information (If applicable) Name of Tenant Farmer
Farming Business Name (if applicable) Email
Mailing Address
City/Town Postal Code Phone Number
Provide the property tax roll numbers for all properties for which you are the tenant FPCTRP Owner ID
(if known)
*Property Roll
Number 0 0 0 0
*If you are a Tenant Farmer of multiple properties, use additional sheets to record all Property Roll Numbers relevant to this application
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Step 3 Farming Business Information What commodities are you going to generate farming income from?
Livestock, please specify type _______________________________________________________
Greenhouse, please specify type _______________________________________________________
Aquaculture, please specify type _______________________________________________________
Other _______________________________________________________
Field Crops, please specify type __________________________________________________________
Horticulture, please specify type __________________________________________________________
Trees, please specify type __________________________________________________________
Beekeeping, please specify type __________________________________________________________
Provide a breakdown of the farmland that you own or rent associated with your farming business.
Acres Owned (Crop or Pasture) Acres Rented in/ Leased Total Acres Farmed
Step 4 Farming Business Plan Have you completed a Growing Your Farm Profits (GYFP) workshop and Action Plan which defines your farming business goals?
Yes No
(See: http://www.omafra.gov.on.ca/english/busdev/gyfp/index.htm for more information on GYFP)
Provide a brief overview of your business plan for generating farming income by answering the following questions:
1. What are the key priorities for your business over the next 1 to 2 years and what is your anticipated growth? What are your farming business goals overthe next 5 years?
2. a) What is the fiscal year-end for the farming business?
b) Growth timelines: How many years will it take for the farming business to reach and maintain the minimum $7,000 gross farming income?
1 year , specify the year__________,||2 years, specify the year _________ 3 years, specify the year _________ More than 3 years, specify the year__________
c) Provide rationale and evidence to support the growth timeline for your farming business e.g. receipts for major expenses.
Step 5 Production Revenues (Actuals and Projected) Complete the applicable production plan(s) listed below and record total sales into the Farming Income & Expense Summary in Step 6.
If applicable, specify the type of quota purchased and provide any relevant details.
Dairy Egg Poultry
Livestock/Poultry/Eggs/Dairy Production Plan (Budgeting tools are available at http://www.omafra.gov.on.ca/english/busdev/bear2000/Budgets/budgettools.htm)
Actual Sales as of December 31, 2017 Projected Sales 2018 Type of product
(e.g. cattle, eggs, etc.) # of units
(specify unit e.g. head) # of units sold Price per unit
($) Total Actual Sales # of units # of units sold Price per unit
($) Total Projected
Sales
$ $
Total Sales 2017 (transfer to Step 6) $ Total Sales 2018 (transfer to Step 6) $
Projected Sales 2019 Projected Sales 2020 Type of product
(e.g. cattle, eggs, etc.) # of units
(specify unit e.g. head) # of units sold Price per unit
($) Total Projected
Sales # of units # of units sold Price per unit
($) Total Projected
Sales
$ $
Total Sales 2019 (transfer to Step 6) $ Total Sales 2020 (transfer to Step 6) $
Projected Sales 2021 Projected Sales 2022 Type of product
(e.g. cattle, eggs, etc.) # of units
(specify unit e.g. head) # of units sold Price per unit
($) Total Projected
Sales # of units # of units sold Price per unit
($) Total Projected
Sales
$ $
Total Sales 2021 (transfer to Step 6) $ Total Sales 2022 (transfer to Step 6) $
What is the commodity of your farming business? (select all that apply)
$
Field/Vegetable Crop Production Plan (Budgeting tools are available at http://www.omafra.gov.on.ca/english/busdev/bear2000/Budgets/budgettools.htm)
Actual Sales as of December 31, 2017 Projected Sales 2018 Type of Crop # of Acres Yield Units
(i.e. bushels, etc.) Price per unit
($) Total Actual Sales # of Acres Yield Units Price per unit
($) Total Projected
Sales
$ $
Total Sales 2017 (transfer to Step 6) $ Total Sales 2018 (transfer to Step 6) $
Projected Sales 2019 Projected Sales 2020 Type of Crop # of Acres Yield Units
(i.e. bushels, etc.) Price per unit
($) Total Projected
Sales # of Acres Yield Units Price per unit
($) Total Projected
Sales
$ $
Total Sales 2019 (transfer to Step 6) $ Total Sales 2020 (transfer to Step 6) $
Tree Agriculture/Horticulture/Nursery Production Plan
What is the commodity of your farming business? (select all that apply)
Nursery Other, specify ____________________________________Christmas tree Ornamental tree Fruit tree/Berries Vines Flowers
Current and Future Years Year planted or to be Number of Plants Type of Plants Acres Planted # of years required to Average Price per unit Projected Sales upon Maturity (Transfer to
planted (incl. variety/cultivar) grow plant for sale (specify unit) Step 6)
Step 6 Farming Business Income & Expenses Summary Complete the following income and expense summary starting with 2017 and for each subsequent year you require to reach a $7,000 Gross Farming Income. Print additional sheets if more years are required to reach $7,000 Gross Farming Income.
Income (Transfer from Step 5) Actual 2017 Projected 2018 Projected 2019 Projected 2020 Projected 2021 Projected 2022
Other Farming Business Start-up Expenses (specify):
Operating Expenses:
Feed, Supplements
Vet, Breeding Fees
Seeds, Plants
Fertilizers, Lime, etc.
Planting, Pruning, etc.
Pesticides
Gasoline, Diesel Fuel & Oil
Crop Insurance
Other Farming Business Operating Expenses (specify):
Totals $ $ $ $ $ $
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Step 7 Applicant Declaration and Signature
The undersigned certifies that:
I have read, understand and agree to abide by all requirements of the Assessment Act and Ontario Regulation 282/98 – General. I confirm that the farming business is in compliance with all the requirements of law. All information submitted in this application form is true and accurate, to the best of my knowledge, information and belief. I understand that submitting false or misleading information in this application form could result in the denial of this request and any potential future
requests that could be made by myself, myself on behalf of another person, or another person affiliated with myself in any type of farming business relationship in which this request is being made under the Assessment Act /or require that any exemptions received as a result of the submission of false or misleading information be revoked and that any monetary payments received as a result of the exemption may have to be repaid.
Signature Date (yyyy/mm/dd)
Step 8 Submitting the Application Before submitting the application, ensure that:
All applicable sections of the application have been completed
Application is signed
Additional documentation is attached (optional)
You have retained a copy of your application
Submit the completed application to:
Ministry of Agriculture, Food and Rural Affairs
Rural Programs Branch, Farm Property Class Tax Rate Program 1 Stone Road West, 4th Floor NW
