Winter is an ideal time to revamp farm financial record keeping, leading to better business decisions and a less stressful tax season in 2026.
Tag Archives Tax
Winter downtime: Get your farm records together
Winter is an ideal time to revamp your farm’s financial record keeping, leading to better business decisions and a less stressful tax season
U.S. grains: Soybeans fall on South American rainfall
Russian export tax supports U.S. wheat; corn follows soybeans
Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in
U.S. grains: Wheat soars as Russia eyes export curbs
Tightening supplies underpin corn, soybeans
Chicago | Reuters — U.S. wheat futures surged on Friday on concerns about thinning global supplies after the U.S. Department of Agriculture (USDA) slashed its grain stocks outlook and as top supplier Russia pondered export curbs. Corn and soy futures also rose as tightening supplies, particularly of soybeans, and lingering concerns about South American crops
Taxing times
Rising farmland values means farmers are paying more education taxes relative to other property owners
When farmers wrap up harvest and open property tax bills, some will be in for a nasty surprise. Bill Toews of Kane certainly was. The retired farmer says the total tax bill (municipal and education) on one of his quarter sections in the Rural Municipality of Roland jumped $1,004, up 30 per cent from last
Klassen: Feeder market continues to soften
Compared to last week, yearlings and heavier calves traded $6 to as much as $10 lower. Colder temperatures, along with lacklustre feedlot demand, set a negative tone early in the week. The downward spiral caused the market to be quite variable across the Prairies. It was not uncommon to see 800- to 850-lb. steers trade
Still some potential pitfalls in proposed federal tax reforms
Accountant hopes effects are manageable
The federal government’s revised tax change proposals have got rid of the most egregious problems, but a few provisions could still cost farmers money. That’s according to Mike Poole, a Brandon-based accountant with MNP, at a recent Keystone Agricultural Producers (KAP) advisory meeting. “I think it’s relatively small and manageable,” Poole told reporters after speaking
Comment: The loudest voices against tax reform are not neutral
Almost absent in the debate about proposed Canadian changes are any voices defending the idea of tax fairness
Federal Finance Minister Bill Morneau’s proposals for tightening tax breaks associated with private companies is generating several kinds of response on social media and in mainstream media. The most evident is an impressive deluge of evidence-free rhetoric claiming that the proposals are an attack on everything from the middle class to maternity leave for female
Comment: Death, taxes, and food
Getting taxation right for the agriculture and food sectors will require something other than one-size-fits-all thinking
Up until recently there were two things certain in life: death and taxes. We can now add a third one: Botching the promotion of a tax reform for political gains. Finance Minister Bill Morneau’s tax reform has been a communication disaster. Various claims made about Ottawa’s intentions to revamp our tax system for small corporations
Opinion: Proposed tax changes for corporations poorly structured
The current proposals will stifle business and create unfairness
In July the prime minister of Canada and the federal finance minister introduced proposals that, if enacted, will fundamentally change how small business in Canada operates. Since that unveiling of proposals, debate on the merits of each point has been impassioned. Debate has since polarized along ideological dogma. Canadian society must decide where they wish
Succession planning at risk
Frustration over Ottawa’s proposed changes to small-business taxation continues to mount
Farmers are being urged to join the chorus of opposition facing the federal government’s proposed tax changes. Manitoba’s minister of agriculture has already added his voice to the growing calls for Ottawa to reconsider the massive overhaul and Keystone Agricultural Producers is asking its members to participate in government consultations before the October 2 deadline.
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