Policy wonks say trimming 15 per cent from Agriculture and Agri-Food Canada’s budget may not be a bad thing.
Tag Archives federal budget
A bright side to AAFC farm research cuts?
Cuts to federal agriculture research and departments could mean leaner, more effective operations, former government official argues
Fall economic statement quiet on agriculture
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
Fall economic statement fairly quiet on agriculture
The 2024 fall economic statement predicts a $61.9 billion deficit and makes little mention of agriculture.
Farm groups criticize capital gains inclusion rate change
Ten national organizations say several tax-related changes in the 2024 federal budget will impact farmers
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
Temporary workers should not be confused with international students: farm group
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
Federal budget draws mixed reaction from Canadian ag groups
Livestock tax deferral, capital gains exemption praised; overall lack of investment in agriculture noted
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.
Federal budget promises lower costs, interest relief for farmers
Budget 2024 will see approximately $52 billion spent over five years
The 2024 federal budget, tabled today, promises several benefits for Canadian farmers.
Ottawa lines up with farmers on right-to-repair
Feds to call for owners to be able to repair their own equipment
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
Rail interswitching expansion pilot clears Parliament
Grain handlers to press for plan to be made permanent
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
Feds lock in higher interest-free portion on cash advances
Budget boost in effect as of Monday
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
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