New Brunswick physician loses tax battle over beef farm

A New Brunswick doctor and farmer who tried to deduct more than a million dollars in farm losses from her substantial income as a physician has lost her case at the Federal Court of Appeal. Article content

Dr. Dianne L. Stackhouse declared her net professional income from her medical practice was $851,621 in 2014 and $697,050 the following year. Her beef farm in Cambridge Narrows, N.B., launched in 1994, had losses of $530,363 in 2014 and $595,904 in 2015. Article content

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“The appellant, Dianne Stackhouse, is a physician. She is also a farmer. However, the appellant has consistently incurred losses in her farming business and deducted them against the income from her medical practice,” Justice K.A. Siobhan Monaghan wrote in a recent decision from th