Capital gains tax

Tax season for farms vary, depending on when the operation was incorporated. Some farms have their year-end in November and others in January for example. There are several firms that offer tax services for producers, including FBC. FBC is a national firm with locations in B.C. Alberta, Saskatchewan, Manitoba, Ontario, and Atlantic Canada, with FBC’s […]

REGINA—The Agricultural Producers Association of Saskatchewan (APAS) is expressing concern over the proposed changes to capital gains tax regulations and calling for a pause on them. With parliament’s recent prorogation, many people are left wondering how the proposed changes to capital gains tax rules are allowed to continue. While the changes are left in limbo, […]

WESTERN PRODUCER – Looming changes to Canada’s capital gains inclusion rates will increase average taxes by 30 per cent on the country’s family-run grain farms, putting their futures at risk, according to research conducted by the Grain Growers of Canada (GGC). “Our research shows that an average grain farm in Canada, most of which are family owned […]

Sarah Ritchie in Ottawa A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes. Just shy of half the respondents to Leger’s latest survey said they had a negative opinion of the federal budget, which was presented last […]

The Federal Budget, released Tuesday, contained very few commitments for the agriculture sector, which farm groups say is disappointing on several fronts. The Grain Growers of Canada (GGC) said it missed “an extension to the extended rail interswitching pilot, investments in trade-enabling infrastructure, investments in grain-related research and development, initiating a review of the Canada Grains Act, and […]

It’s now up to the federal Liberal government to sell a spending plan it says will help younger Canadians catch up to their elders. So far, if unsurprisingly, their critics and political rivals are unimpressed. The $535-billion budget seeks to restore economic fairness for millennials and gen-Z voters at a time when the minority government […]