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Fishers

This page provides easy access to tax information for people earning income as self-employed fishers or as members of a fishing partnership. Most of the rules and tax legislation that apply to self-employed businesses will also apply to an individual or partners running a fishing operation.

Topics for fishers

What is fishing income?
Includes activities that generate fishing income		 Reporting methods
Description of the accrual and cash methods of accounting
GST/HST information
Information for self-employed fishers and crew members who receive a share of the catch (sharespeople)		 Keeping records
Your obligations for keeping records of your business activities
T4 slip, Statement of Remuneration Paid
Slip to use if you employ fishers		 Completing your statement of fishing activities
Calculating your fishing income and expenses
Capital cost allowance (CCA)
What is CCA, depreciable property, classes of depreciable properties?		 Eligible capital expenditures
What is an eligible capital expenditure, an annual allowance, a cumulative eligible capital (CEC) account?
Fishing losses
What is a fishing loss, what to do when you incur a fishing loss, and how it affects your other income?		 Capital gains
Capital gains and losses, qualified fishing property, and transfers of fishing property

Forms and Publications

Date Modified: 2007-01-02

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