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Underused housing tax undue burden on farmers, ag groups say

Underused housing tax undue burden on farmers, ag groups say

Many farms can apply for exemption, but the process can be expensive, a letter to federal ministers says

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Agriculture leaders say a federal tax on ‘underused’ housing is causing an unintended and undue burden on farmers. “We urge the government to exempt farmers from the requirement to file a [underused housing tax] return,” said a letter sent to federal ministers. The Canadian Canola Growers, Canadian Federation of Agriculture, Canadian Cattle Association, Ontario Fruit
Cannabis growers are struggling to keep afloat amid low prices and stiff competition.
News

Pot producer Delta 9 announces cutback amid industry-wide struggle

The Cannabis Council of Canada is asking the federal government to ease the tax burden on producers

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Manitoba cannabis giant Delta 9’s cost-cutting measures are symptomatic of financial struggles across the industry. The Winnipeg-based company recently announced it would lay off approximately 40 staff and reduce its cultivation capacity by about 40 per cent. The board and executive have also taken a pay cut, Delta 9 said in a Jan. 9 news release. “The cost savings
KAP says the education tax on farm properties has been a priority during its dialogue with the provincial government.
News, Other

Province delays property tax overhaul

KAP is taking the setback in stride, but reiterates call for action

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After announcing plans in February to revamp the education funding system, the province now says it needs more time. In the February announcement, the province planned to implement the new taxation model in the 2023-24 year. However, Education Minister Wayne Ewasko told the media that the overhaul’s timeline has been reset for the 2024–25 school
Sometimes choosing not to take the write offs on equipment depreciation or a new shed can 
and deferring them can pay off the next year, if you believe your farm income with be high.
News, Other

Year-end tax advice you don’t want to ignore

There are many strategies for tax deferral, but be strategic, says a tax specialist

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It’s year-end tax strategy crunch time. For those farmers who had higher crop returns or have experienced an especially good year, Dec. 31 is the deadline to take advantage of farm tax deferral strategies that can help manage extra income. Tom Blonde, partner at Baker Tilly GWD, said that most farm businesses have plenty of
“Provincial funding has failed to keep up with inflation for years and years.” – Alan Campbell.
News, Other

More money back in farmers’ pockets, but schools struggling with frozen funding

Pinched municipalities praise commitments to infrastructure, community sustainability but wish for pandemic relief

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Farmland education tax rebates are continuing to increase, but without an expected boost to provincial funding for schools, it could fuel an education funding shortfall. The increase in education property tax rebates was part of the 2022 provincial budget, and was welcomed by farm and municipal leaders. The Manitoba School Boards Association says divisions are
An employee loads wheat near a grain store in the settlement of Raduga in Stavropol Region, Russia June 30, 2021.
News

Putin’s drive to tame food prices threatens grain sector

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The move to address domestic concerns could make a key competitor less competitive

During a televised session with ordinary Russians in late June, a woman pressed President Vladimir Putin on high food prices. Valentina Sleptsova challenged the president on why bananas from Ecuador are now cheaper in Russia than domestically produced carrots and asked how her mother can survive on a “subsistence wage” with the cost of staples
Editorial, Op/Ed, Other

Editor’s Take: Funding fairness

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Few would argue the education tax system Manitoba’s had for the past few decades was a model for the future. It was a complex patchwork of competing interests and duplicated efforts. It saw one level of government set the tax rate, another collect it on its behalf, and the province turning around and refunding a
Manitoba’s new education tax system will be fairer, farm advocates say.
News, Other

Education tax cut increases fairness, say KAP, AMM

The rollback has led to criticisms that it’s a tax cut for wealthy landowners at the expense of education funding, which could hurt rural communities

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The Pallister government’s promised education property tax cuts are a step in the direction of fairness, but won’t be a huge windfall — at least not this year, said KAP president Bill Campbell. “Education funding needs to be equitable and equal for citizens of Manitoba and not necessarily based on some people’s assets. Not everybody’s
In the latest provincial budget released April 7, the Progressive Conservative government called for about $248 million in education tax rebates in 2021.
News, Other

KAP welcomes education property tax rollback

Budget pledges a 25 per cent rebate cheque in 2021; existing farmland school tax rebate to be reduced

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A promised start to the phasing out of the education property tax is “welcome news,” said KAP president Bill Campbell. “Farmers pay a disproportionate amount of education property taxes, and the disparity between what farmers are paying and what the average homeowner is paying remains an issue,” Campbell said in a statement April 9. “Until the tax is completely removed, farmers will continue to pay more

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