Income tax Archives - Page 3 of 4 - Manitoba Co-operator

Farm sales to co-ops to count for small business deduction

Changes to federal tax law that were meant to block “multiplication” of the small business deduction for corporations won’t apply to farmers’ sales to co-operatives. The federal government on Friday released draft amendments to the Income Tax Act, which would allow qualifying farmers and fishers selling to agricultural and fisheries co-operatives to be eligible for

Livestock, Weather

Drought-hit tax deferral zones named

By GFM Network News, Manitoba Co-operator Staff November 22, 2016

Ottawa has seen enough drought in parts of southwestern Alberta, southern and eastern Ontario and southwestern Quebec to offer deferrals on their ranchers’ 2016 income tax from breeding livestock sales. Agriculture Minister Lawrence MacAulay on Tuesday released the federal government’s initial list of municipalities designated for the 2016 deferral. In Alberta, those areas include Clearwater,

Livestock, Weather

Drought-related tax deferral zones expand in West

By GFM Network News, Manitoba Co-operator Staff February 2, 2016

More livestock producers in the West who had to sell breeding stock due to drought in the 2015 tax year will be able to defer some or most of that income at tax time. Federal Agriculture Minister Lawrence MacAulay on Tuesday announced more designated areas in all four western provinces where producers will be eligible

Livestock, Weather

Tax deferrals kick in for soaked and parched West

By GFM Network News, Manitoba Co-operator Staff December 30, 2014

Ranchers under pressure from this year’s drought in B.C. and northwestern Alberta and excess moisture in western Manitoba and eastern Saskatchewan may get income tax deferrals for their trouble. The federal government on Tuesday released its first list of designated areas for 2014, within which eligible producers who sold breeding livestock may be allowed to

News

Farmland isn’t a gold mine — it’s better

By Tom Bill July 12, 2012

London/Reuters — Farmland values in Britain will rise 37 per cent by 2016, beating forecast growth for gold, oil, 10-year British government bonds and homes in London’s most exclusive neighbourhoods, according to data compiled by Oxford Economics and the research arm of property consultant Savills. Savills director Alex Lawson cited the need for increased global

News

Three tax changes could boost agriculture

By Alex Binkley April 20, 2012

The CFA is lobbying for changes to three federal income tax rules and the Agri-Invest program it says would attract badly needed investment and young people into farming, while encouraging small operations to grow. Garnet Etsell, a member of the Tax Working Group of the Canadian Federation of Agriculture said in an interview the group

Livestock

Tax Deferrals For Excess Moisture Victims

By AAFC July 14, 2011

The federal government is offering tax deferrals to livestock producers in designated areas of Manitoba who are struggling as a result of excess moisture. This support comes while governments continue working closely to assess the impact of excess moisture to determine what additional assistance is required. “The spring of 2011 was very difficult for our

News

Ten things to consider before incorporating the family farm

By Alberta Agriculture April 14, 2011

Every year the debate continues, as farmers wonder whether they should incorporate the family farm or not,” says Merle Good, business development – tax strategies, with Alberta Agriculture and Rural Development. “The answer is not that simple, but I have found over the years it depends on a farmer’s answers to 10 questions.” Income 1.

Livestock

Federal Government Expands List Of Eligible RMs

By Manitoba Co-operator Staff February 17, 2011

The federal government has added nine more moisture-stressed municipalities in western Manitoba and one in central Saskatchewan to the list of RMs eligible for tax deferrals from the sale of livestock. The Manitoba additions include the municipalities of Albert , Arther, Brenda, Cameron, Edward, Pipestone, Sifton, Winchester and Kelsey. The tax deferral allows eligible producers

Livestock

Feds Hand Income Tax Break To Soggy Ranchers

By Daniel Winters November 11, 2010

Ranchers caught without winter feed due to excess rainfall during the summer haying season have been thrown a lifeline from the federal government. Federal Agriculture Minister Gerry Ritz announced last week that livestock producers in northern Manitoba, the Interlake and Westlake regions struggling as a result of excess moisture will be able to tap tax

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Tag Archives Income tax

Farm sales to co-ops to count for small business deduction

Drought-hit tax deferral zones named

Drought-related tax deferral zones expand in West

Tax deferrals kick in for soaked and parched West

Farmland isn’t a gold mine — it’s better

Three tax changes could boost agriculture

Tax Deferrals For Excess Moisture Victims

Ten things to consider before incorporating the family farm

Federal Government Expands List Of Eligible RMs

Feds Hand Income Tax Break To Soggy Ranchers

AgCanadaTV

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