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Parliament Hill, Ottawa
News

Fall economic statement quiet on agriculture

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The 2024 fall economic statement shows Canada will have a $61.9 billion deficit and makes little to no mention of agriculture. The statement was released Monday afternoon after a chaotic day which saw Finance Minister Chrystia Freeland resigning from her post hours before presenting the document. The 2024 budget predicted Canada to have $40 billion
Parliament Hill, in Ottawa – Ontario, Canada. Photo: Ulysse Pixel
News

Farm groups criticize capital gains inclusion rate change

Ten national organizations say several tax-related changes in the 2024 federal budget will impact farmers 

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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.
Industry wary of federal immigration plan
News

Industry wary of federal immigration plan

Temporary workers should not be confused with international students: farm group

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The 2024 federal budget’s promise to reduce “temporary immigration” could reduce the number of temporary foreign workers available to Canadian agriculture and ag businesses. The document states the government “will reduce the share of temporary residents in Canada to five per cent of the total population over the next three years,” which it estimates will result in approximately 600,000 fewer
Photo: Stephen Waycott/iStock/Getty Images

Federal budget draws mixed reaction from Canadian ag groups

Livestock tax deferral, capital gains exemption praised; overall lack of investment in agriculture noted

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The 2024 federal budget, released Tuesday afternoon has drawn mixed reactions from ag groups across Canada. While some have praised aspects of the plan, others have condemned the lack of attention paid to agriculture and farmers.   
(Romaset/iStock/Getty Images)
Crops

Ottawa lines up with farmers on right-to-repair

Feds to call for owners to be able to repair their own equipment

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The federal government says it’s siding with Canadian farmers on the right-to-repair debate. An announcement this week from the federal government called for an adjustment to the Competition Act that would prevent manufacturers from refusing to provide the means of device and product repair in an “anti-competitive manner.” That declaration came in the government’s 2023
(Orchidpoet/iStock/Getty Images)
Crops

Rail interswitching expansion pilot clears Parliament

Grain handlers to press for plan to be made permanent

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Last week’s passage of the 2023 federal budget starts a 90-day countdown toward an 18-month test of expanded interswitching on railways in the three Prairie provinces. Bill C-47, the government’s budget implementation bill — which was first read April 20 in the House of Commons and got third reading in the Senate and royal assent
(Andreswd/iStock/Getty Images)
Markets

Feds lock in higher interest-free portion on cash advances

Budget boost in effect as of Monday

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A further temporary increase to the interest-free chunk of cash advances available to Canadian farmers, as telegraphed in March’s federal budget, has now gone live. Agriculture Minister Marie-Claude Bibeau confirmed Wednesday that the interest-free limit under the Advance Payments Program (APP) for the 2023 program year is now $350,000, effective Monday (May 8). The regulatory
(Orchidpoet/iStock/Getty Images)
Crops

Go bigger on interswitching pilot, grain groups urge Ottawa

Railways say the measure creates inefficiencies; farm groups say the opposite is true

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Farm groups from across the country are asking producers to lobby federal ministers and MPs and urge them to super-size a government proposal for what’s called ‘extended interswitching.’ The measure, part of this spring’s federal budget, essentially gives grain shippers a choice in which railway they deal with (as long as the competitor’s line is

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