A Manitoba bill would cut point of sale paperwork when farmers buy things exempt from the provincial sales tax.
Tag Archives taxes
Farm ID system pitched to trim tax exemption paperwork
A Manitoba bill would replace point of sale tax-exemption paperwork with a farm ID number and biennial declaration
GST tax holiday is tone deaf
Items eligible for the Liberal government's tax holiday don't address real affordability needs
Items eligible for the Liberal government’s GST tax holiday don’t address Canada’s real affordability needs.
Clock ticking on Manitoba’s fuel tax relief
Extending the break at the pumps would save families and businesses significant dollars
Extending Manitoba's gas tax relief would save families and businesses significant dollars.
Family farms at risk from higher capital gains rates: GGC
[UPDATED: June 11, 2024] Glacier FarmMedia – Looming changes to Canada’s capital gains inclusion rates will increase average taxes by 30 per cent on the country’s family-run grain farms, putting their futures at risk, according to research conducted by the Grain Growers of Canada (GGC). “Our research shows that an average grain farm in Canada,
Don’t get beat up by taxes this year
Running down best practices and common misconceptions for this tax season
Tax season is back and experts say there are a few things farmers should consider as they prepare their 2023 returns. Understanding the implications of certain business activities can reduce tax amounts. For farms that run as corporations, Dec. 31, 2023, was the last day for the temporary immediate expensing option. This program allows corporations
Education property tax freeze lifted
KAP says local boards should consider effect on local producers
Manitoba’s general farm organization says a change to education funding could disproportionally affect farmers in the province. Manitoba’s new provincial government announced February 1 they were reinstating the ability of school trustees to raise property taxes, alongside new provincial money for schools. That could mean higher costs for Manitoba farmers, and that’s troubling to the
German government dilutes 2024 subsidy cuts after farmer backlash
Farmers protested in Berlin's streets after the announced end of tax breaks last month
Germany's coalition government has agreed to change its 2024 budget plans, a government spokesperson said on Thursday, after subsidy cuts proposed to bring spending in line with debt rules angered farmers.
German farmers protest with tractors against austerity measures
The German government proposed to abolish fuel subsidies to meet savings targets
According to next year's budget, a partial tax refund on agricultural diesel, along with a tax exemption for agricultural vehicles, will be abolished to meet the saving targets - a measure farmers said would threaten their livelihood and the competitiveness of Germany's agricultural sector.
Feds plan to ease Underused Housing Tax reporting load
New exemption also proposed for employee housing outside cities
Federal Finance Minister Chrystia Freeland’s latest Fall Economic Statement offers to take some of the reporting burden off certain farmers and other Canadians when filing for exemptions from the national Underused Housing Tax (UHT). The federal finance department on Nov. 16 posted its legislative and regulatory proposals for changes to the UHT online and has
Ag groups say redundant tax returns a burden
Groups are lobbying to have farmers permanently exempt from UHT filing by next tax season
Farmers have been forced to file tax returns on underused housing despite knowing they’ll be exempt from paying, says KAP. “The additional administrative and financial burden that is being placed on farmers does not seem like it is in the best interest of farmers or the government given the redundancy of this return for the many farmers,” said a
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