Tax return storage at the Canada Revenue Agency. (Canada.ca)

New rules on passive investment arrive in budget

It’s got no new nuggets specifically for crop or livestock producers, but Tuesday’s federal budget includes the end results of last year’s consultations — and backlash — on corporate taxation. Finance Minister Bill Morneau’s 2018 budget proposes a couple of new limits on Canadian-controlled private corporations’ (CCPC) ability to benefit from a lower tax rate

Scott Moe discusses plans to lift the PST off insurance premiums in a Canadian Taxpayers Federation video. (CTF video screengrab via YouTube)

Saskatchewan pulls sales tax off farm insurance

Saskatchewan’s provincial government has reinstated a provincial sales tax (PST) exemption for agriculture, health and life insurance premiums. Premier Scott Moe on Monday announced the exemption will take effect retroactive to Aug. 1 last year, when the PST was first applied to insurance. The province said the exemption will include PST on premiums paid for



(PortMetroVancouver.com)

Final version of Trans-Pacific trade deal released

Wellington/Sydney | Reuters — The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific’s fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the U.S. More than 20 provisions have been suspended or changed in the final





(OntLA.on.ca)

Ontario, Canada sign $1.5 billion CAP agreement

The Canadian and Ontario governments have signed an agreement that will see $1.5 billion of Canadian Agricultural Partnership (CAP) money available to be spent in the province. Ontario Agriculture Minister Jeff Leal said the five-year program will start April 3, which, he added, will mean a seamless transition between the current federal-provincial agriculture and food

(AgricultureMoreThanEver.ca)

Farmers encouraged to make Agriculture Day meme-able

Canada’s farmers are being urged to make closer connections with the country’s non-farming consumers, in both the real world and cyberspace, as Canada’s Agriculture Day nears. Spearheaded by the year-round industry-backed initiative Agriculture More Than Ever, Canada’s Agriculture Day is set this year for Tuesday (Feb. 13). “It’s a time to showcase all of the