(Video screengrab from CBSA-asfc.gc.ca)

Canada sticks to measured tack in U.S. trade row

Ottawa | Reuters — Canada is sticking to its keep-calm strategy as U.S. President Donald Trump ramps up trade war rhetoric, convinced that no move is the best move for the country with the most to lose, but critics say it risks being a soft target if its strategy fails. While the European Union immediately

Tax return storage at the Canada Revenue Agency. (Canada.ca)

New rules on passive investment arrive in budget

It’s got no new nuggets specifically for crop or livestock producers, but Tuesday’s federal budget includes the end results of last year’s consultations — and backlash — on corporate taxation. Finance Minister Bill Morneau’s 2018 budget proposes a couple of new limits on Canadian-controlled private corporations’ (CCPC) ability to benefit from a lower tax rate



Tax return storage at the Canada Revenue Agency. (Canada.ca)

Ottawa scraps plans for new limits on capital gains

The federal finance ministry has backed away from proposed plans for new limits on capital gains exemptions, over concerns of “unintended consequences” for businesses such as farms. Finance Minister Bill Morneau on Thursday announced the federal government “will not be moving forward with measures that would limit access to the LCGE (lifetime capital gains exemption),”