Income Tax

SaskWheat outlines levy contributions eligible for income tax relief

Feb 11, 2022 | 9:33am

SaskWheat says farmers are eligible to claim 67.93 percent of their wheat levy contributions as a qualifying expenditure on their federal tax return. In addition, farm corporations may also claim 48.97 percent of their levy as a qualifying expenditure toward the Saskatchewan research and development tax credit program. The farm levy contributions enable SaskWheat to […]

APAS praises passing of federal income tax bill

May 17, 2021 | 5:20am

APAS is applauding the passage of a tax reform bill in Ottawa. President Todd Lewis says the passing of bill C-208 amends the income tax act, making it more affordable for farmers to sell their farms to a family member instead of a non-family member. Previously, he says it was cheaper to sell your farm […]

Those who received CERB, other benefits, may have to pay it back in taxes

Jan 30, 2021 | 8:42am

The Canada Revenue Agency advises that if you received one of the federal government’s benefits related to COVID-19 last year, you may have to pay some of it back in taxes. Saskatchewan spokesperson, Joanne De Waal, says no tax was withheld for CERB, which is the Canada Emergency Recovery Benefit, or from the Emergency Student […]

Province to resume tax indexation in New Year

Dec 29, 2020 | 11:05am

Starting January 1st, the Government of Saskatchewan will once again index provincial tax brackets to inflation, protecting residents from paying higher income taxes. Prairie Director of the Canadian Taxpayers’ Federation Todd MacKay says the government’s decision is a move in the right direction. “It’s the right thing to do, my only criticism here is they […]

Liberals promise lower taxes, cellphone bills in pitch aimed at middle class

Sep 22, 2019 | 6:45pm

Justin Trudeau promised Sunday to provide Canadians more relief from their tax and cellphone bills, part of the Liberal leader’s effort to steer his campaign back toward the issue of affordability and away from the blackface scandal that has dogged him since last week. Speaking in the backyard of a suburban home in Brampton, Ont., […]

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