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Bona Fide Farmer Status Program

The Bona Fide Farmer Status program provides tax relief to bona fide farmers by providing farm assessment on land used in the farm enterprise pursuant to Section 4 of the Real Property Assessment Act.

Who Is Eligible?

You may apply for bona fide farmer status if you are:

  • an individual who owns a farm and is (1) actively engaged in farming, and (2) earns at least $10,000 or 25% of your gross annual income from farming.

  • a partnership or corporation that owns a farm and is (1) registered in the province and (2) actively engaged in farming and (3) earns at least $10,000 or 25% of its gross annual income from farming.

  • an individual that owns a farm and is registered in the Future Farmer Program.

  • a partnership, or corporation that owns a farm where one or more of the principals are registered in the Future Farmer Program.

  • a widow or widower of a bona fide farmer.

  • an individual who in the year immediately preceding the current assessment year operated a farm enterprise, but who in the current year does not operate a farm enterprise by reason of illness or disability.

Where a farm enterprise is operated by more than one person, the Taxation and Property Records Division may recognize one or more individuals as a bona fide farmer, provided the property is registered to that individual either as a joint tenant, tenant in common or in the name of the applicant, and the person applying meets the qualifications of a bona fide farmer.

Applicants have the option of submitting a Declaration of Income for Bona Fide Farmer Status form rather than providing copies of income tax returns, schedules and notice of assessments.

If you are interested in this program, you may want to apply for a Marked Gasoline and Marked Diesel Oil Permit.

 

Please note: This page is prepared for information purposes only, and should not be considered a substitute for the applicable statutes. Should there be any conflict between the contents of this page and the statutes, the statutes shall prevail.


The forms listed below are also available in French on our Formulaires page.

 

 

Forms

Application for Bona Fide Farmer Status Property Assessment
  (PDF)     
Declaration of Income for Bona Fide Farmer Status
  (PDF)     

Service Location

Charlottetown
Shaw Building
Map


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