MKP Chartered Professional Accountants is now officially PDC Accounting Evolved
PDC Accounting provides accounting, tax, and advisory services for agricultural operations across British Columbia and Ontario. We work with farmers, orchardists, vineyard operators, and producers to support the financial management of agricultural businesses, from seasonal bookkeeping through multi-generational succession planning.
Our team understands that farming is not like other businesses, and our services are designed to reflect the unique financial rhythms and regulatory considerations of agriculture.
Agricultural operations face distinct financial challenges: variable weather and seasonal income, significant capital equipment investments, complex government program filings, and the reality of multi-generational family operations. Financial management in agriculture requires accounting expertise that understands these cycles and complexities.
PDC Accounting works with agricultural operations throughout both provinces to provide bookkeeping, tax, and advisory services tailored to farming. Whether you’re managing a dairy operation, growing cash crops, running an orchard or vineyard, or operating a mixed farm, we help ensure accurate reporting and support long-term financial health.
Our approach recognizes that farming operations run on seasonal cycles and that farm owners are often hands-on operators with limited time during planting and harvest seasons. We provide flexible scheduling and year-round support that fits the rhythms of agriculture.
We also understand that many farms are multi-generational operations where succession planning is a core financial consideration. We help agricultural families plan for the future, ensuring land, quota, and legacy can pass to the next generation in a tax-efficient manner.
Agricultural tax and compliance requirements vary between British Columbia and Ontario:
British Columbia:
GST/PST applies. AgriStability and AgriInvest programs available. WorkSafeBC requirements for farm employees. Orchard and vineyard-specific considerations including seasonal harvest tracking.
Ontario:
HST applies. AgriStability and AgriInvest programs available. WSIB requirements for farm employees. Dairy quota and supply management considerations.
PDC Accounting ensures all filings and reporting reflect the correct provincial requirements for each operation.
Service availability may vary based on engagement requirements.
Do you work with both small and large farming operations?
Yes. We work with agricultural operations of all sizes, from family-run farms to larger commercial operations.
What is the lifetime capital gains exemption for farm property?
The enhanced lifetime capital gains exemption for qualified farm property allows eligible farm owners to shelter up to $1.25 million in capital gains from tax when disposing of qualifying farm assets. Eligibility depends on specific criteria that should be evaluated as part of a planning discussion.
Do you help with AgriStability and AgriInvest filings?
Yes. We support agricultural clients with AgriStability and AgriInvest program filings and coordination as part of tax and financial planning services.
Can you help with farm succession planning?
Yes. Succession planning for agricultural operations is a core area of focus, including intergenerational transfers, estate freeze strategies, family farm corporation setup, and capital gains exemption planning.
Do you understand cash vs. accrual accounting for farms?
Yes. We help farm operators evaluate and elect the appropriate accounting method for their operation, whether cash or accrual basis.
Do you serve farm operations in both BC and Ontario?
Yes. We serve agricultural clients across all firm locations, with services adapted to provincial requirements including differences in tax structure, government programs, and workplace safety reporting.
If you’re an agricultural operation looking for accounting support that understands farming, we’d welcome the opportunity to connect.
