Towards Increased Profits (TIP) report

Table of contents

  1. What is the TIP report?
  2. Contact information
  3. Example of a TIP report (fictitious sample only) (v01, PDF, 576 KB)
  4. Tip Request/Consent Form (v01, PDF, 163 KB)
  5. Frequently Asked Questions sheet (v01, PDF, 126 KB)
  6. Video - explanation of the TIP report (v01, approx 20 mins)
  7. Word - explanation of the TIP report (detail) (v01, PDF, 207 KB)

 

The TIP report is a simplified cash-basis farm financial analysis, which provides you with a cost of production (COP) report to compare your own farm’s current year (income and expenses) to your previous 5-year average and to benchmarks with other farms of similar type and income range.   

The TIP report is intended to enable your farm to identify areas of strength and weakness to improve your competitiveness, productivity and ultimately your net income. Your TIP Report is based on information you provided to the AgriStability (AS) and/or AgriInvest (AI) Programs through the Canada Revenue Agency (CRA).

The Ministry of Agriculture, Food and Fisheries (AFF) is pleased to provide you with your Towards Increased Profits (TIP) Report which is an initiative through the Canadian Agricultural Partnership (CAP-the Partnership), a five-year commitment by Canada's federal, provincial and territorial governments to encourage innovation, competitiveness and sustainability in Canada's agriculture industry.

The Towards Increased Profits (TIP) Report is adapted with permission from the Ontario Ministry of Agriculture, Food and Rural Affairs’ (OMAFRA).

For general questions about the TIP report, please direct your email to AgriServiceBC@gov.bc.ca or phone:  1-888-221-7141. 

Technical questions can be forwarded to Gary Flaten, Farm Business Specialist with the Ministry of Agriculture, Food & Fish (AFF) at 250-861-7468 or gary.flaten@gov.bc.ca.   

As this is the first year the Ministry is providing the TIP Report, we welcome any feedback or suggestions for improvements.

Note:  Individuals may wish to have a more complete farm management analysis conducted by contacting their financial advisor or accountant.