The Canadian Federation of Agriculture said it was frustrated changes to the capital gains tax could undermine intergenerational farm transfers and that Ottawa ignored the calls for further work on the planned changes.
Tag Archives budget
Capital gains changes continue to draw farm concerns
Organizations say increasing the inclusion rate will affect intergenerational transfer
Ag groups note silver linings in 2024 provincial budget
School tax rebate stays in place, initiatives announced for livestock producers
The rest of the commercial properties in Manitoba are saying farewell to their school tax rebates under the 2024 Manitoba budget, but farmers get a pass. The provincial budget, tabled April 2, included a reworked rebate, pitched by the provincial government as an affordability measure for lower income Manitobans. The budget erased the rebate for
AMM puts heat on infrastructure as next week’s election looms
Municipal funding should be higher on the priority list, association says
Municipal leaders say all parties appear ready to provide steady funding for municipalities, but aren’t giving infrastructure enough airtime as the provincial election draws near. “We need to see more,” said Brandon Mayor Jeff Fawcett in a Sept. 20 news release. “Building and maintaining core infrastructure – from water and wastewater to broadband – is a
Railways push back on feds’ proposed interswitching revival
Railways also oppose ban on replacement workers
With Easter less than two weeks away, an Easter egg in the federal government’s 2023 budget calls for a new pilot program to again provide Prairie grain shippers with extended interswitching. Finance Minister Chrystia Freeland’s budget, released Tuesday, laid out a list of investments to “further strengthen Canada’s transportation systems and supply chain infrastructure.” A
Interest-free cash advances get extra lift in federal budget
Fertilizer diversification, solids non-fat processing also up for funding
Federal Finance Minister Chrystia Freeland’s latest budget envelope for Canadian farmers up against rising costs of production includes a temporary boost to the interest-free portion of cash advances. Freeland’s 2023 federal budget, released Tuesday, includes $13 million in 2023-24 for Agriculture and Agri-Food Canada to temporarily increase the interest-free limit for loans under its Advance
More money back in farmers’ pockets, but schools struggling with frozen funding
Pinched municipalities praise commitments to infrastructure, community sustainability but wish for pandemic relief
Farmland education tax rebates are continuing to increase, but without an expected boost to provincial funding for schools, it could fuel an education funding shortfall. The increase in education property tax rebates was part of the 2022 provincial budget, and was welcomed by farm and municipal leaders. The Manitoba School Boards Association says divisions are
Manitoba budget offers slight rollback of education property tax
Ag spending last year was more than double of budget due to high claim payouts, the province says
The province will continue rolling back education property taxes this year—though not by as much as initially expected. In its 2022-23 budget, released April 12, the Manitoba government pledged to increase rebates for farm and residential properties to 37.5 per cent from 25 per cent. In the 2021 budget, the province had intended to increase
Saskatchewan clarifying certain on-farm PST exemptions
More items to be specified as exempt in tax regulations
Saskatchewan farmers’ and ranchers’ concerns about some inconsistencies in how and when provincial sales tax is applied to purchases of on-farm equipment will be dealt with in a revised list effective late next week. The province said Wednesday in a budget release that a “number of clarifications” will be made to its Provincial Sales Tax
Saskatchewan budget aims to spur ag investment
Potash, crude oil resource revenues help cut deficit
Sweetening existing tax credits on big-ticket investments, and setting up a new Crown corporation to support Indigenous investors, are among the items expected to help encourage new value-added ag projects in Saskatchewan’s latest budget. Provincial Finance Minister Donna Harpauer on Wednesday released her 2022-23 budget with $17.6 billion in expenditures on $17.2 billion in revenues,
Federal ag minister talks childcare with Manitoba farm women
The Liberal government pledged to fund Canada-wide childcare as part of its 2021 budget
The Liberal government pledged to fund Canada-wide childcare as part of its 2021 budget
Farm families need access to flexible childcare to allow women farmers to better balance their lives, the federal ag minister told media and a panel of Manitoba women in agriculture. “If we want Canadian agriculture to be more economically and environmentally sustainable, we must break down the barriers for hard-working women in the sector,” saidCyber-Savvy Farmer
