Canada will suspend the federal fuel excise tax on gasoline and diesel from April 20 to September 7 to help consumers and businesses deal with rising prices, Prime Minister Mark Carney said on Tuesday.
Tag Archives taxes
Federal gas, diesel taxes to be suspended, Carney says
Producers affected by bovine TB receive extended tax deferral
The Government of Canada has extended the tax deferral period for livestock producers affected by bovine tuberculosis in 2024 and 2025.
Manitoba farm leaders praise 2026 budget gains, but gaps remain
Farm groups welcome $143.7M in risk management funding and vet recruitment but say longstanding issues on taxation, drainage and regulatory burden unaddressed
Ag organizations say the budget delivers needed support but key concerns on young farmer tax credits, drainage and red tape remain.
U.K. softens stance on farm tax after months of protests
Britain’s government said on Tuesday it would scale back its plan to raise more tax from farmers, following months of protests since the introduction of an inheritance tax charge on farms was announced in 2024.
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
A Manitoba bill would cut point of sale paperwork when farmers buy things exempt from the provincial sales tax.
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