In a May 27 letter to finance minister Chrystia Freeland, agriculture minister Lawrence MacAulay and national revenue minister Marie-Claude Bibeau, 10 signatories said they are concerned about the capital gains inclusion rate, the Alternative Minimum Tax (AMT) and the Canadian Entrepreneurs’ Incentive (CEI), which were all announced in April.
Farm groups criticize capital gains inclusion rate change
Ten national organizations say several tax-related changes in the 2024 federal budget will impact farmers
Reports raise alarm over Bunge-Viterra merger
Competition Bureau, ag economists warn of significantly reduced competition, more costs to farmers
Glacier FarmMedia – Bunge and Viterra said in late April that they still expect to proceed with their proposed merger, even after a Competition Bureau review identified major concerns about reduced competition. A report from three University of Saskatchewan agricultural economists, prepared on behalf of four Saskatchewan and Alberta farm groups, reached the same conclusion. It was released April 29. The Agricultural Producers of Saskatchewan was among those groups. “We are particularly concerned
Railway strike vote dismays farmers
Grain Growers of Canada calls on railways, workers to resolve their differences
Grain Growers of Canada is sounding the alarm over a potential strike by workers at both of the country’s major railways.
Calls to eliminate the carbon tax grow after the April 1 increase
Opposition to the federal price on pollution ramped up last week as several premiers called for a meeting with the prime minister to discuss the issue.
Producers welcome change to cash advance program
After much lobbying, federal government increases interest-free portion of program to $250,000
The interest-free portion of the federal Advance Payments Program will be $250,000 this year, much to farmers’ relief. The amount had been set to drop back to $100,000 at the end of this month after sitting at $350,000 for 2023.
Supply chain shakes off pandemic rust
The post-pandemic recovery is happening, but Canada is still feeling the impact from COVID-19
Glacier FarmMedia – Goods in Canada are flowing more fluidly than during the pandemic, but the supply chain is still underperforming, according to a panel discussion at the Canadian Federation of Agriculture annual meeting in late February. Arun Thangaraj, federal deputy minister of transport, said the value chain is still feeling pressure. “The pinch points still exist. It is imperative that we
Farmers urged to find political allies in the suburbs
Pollster says suburban voters hold sway in elections and could advance farmer interests, if they know what those are
Glacier FarmMedia – Farmers should build alliances with suburban voters if they want stronger political representation in the House of Commons, according to a leading pollster. Darrell Bricker, global chief executive officer of Ipsos Public Affairs, told delegates of the Canadian Federation of Agriculture annual meeting in late February that suburban voters hold the greatest
Bill to protect supply management unlikely to harm trade talks
Former agriculture trade negotiator said the legislation is more symbolic
Long-time Canadian trade negotiator Steve Verheul says Bill C-282 is a political signal and not likely to threaten future deals.
CFA delegates want interest-free portion of APP back at higher limit
Politicians grilled on intentions toward carbon price exemption bill
Federal agriculture minister Lawrence MacAulay said Feb. 27 he couldn’t move the interest-free portion of the Advance Payment Program back up to $350,000.
Feds reduce interest-free portion of cash advance
Increases implemented over the last few years have been discontinued, leaving farmers to pay higher interest cost
Farmers applying for spring cash advances should be aware the interest-free portion has dropped back to 2021 levels.
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