taxes Archives - Page 3 of 5 - Manitoba Co-operator

In the latest provincial budget released April 7, the Progressive Conservative government called for about $248 million in education tax rebates in 2021.

KAP welcomes education property tax rollback

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

By Dave Bedard, Geralyn Wichers April 16, 2021

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

Be sure to consider capital gains implications several years before selling a farm.

News, Other

A tax plan can mean multiple capital gains exemptions

Capital gains exemptions can save hundreds of thousands of dollars

By Kurt Oelschlagel April 9, 2021

The lifetime capital gains exemption for qualified farm property allows for significant tax savings when selling assets and can be important for retirement planning and preparing for farm transition. Although the capital gains exemption rules are quite technical, they’re also very generous, particularly with farm real estate. With some smart planning, the capital gains exemption

“The phased elimination of the education property tax, paid by individual Manitobans, will begin next year.” – Provincial throne speech.

News, Other

Education tax phase-out to start sooner

The process will begin next year instead of 2022, the Manitoba government announced in the throne speech

By Allan Dawson October 16, 2020

Phasing out education taxes on Manitoba property, including farmland, will start next year — a year earlier than first promised — the Manitoba government announced in its throne speech Oct. 7. Why it matters: Rising assessment values for farmland, which education and property taxes are based on, relative to other rural property, has shifted the

Markets, News

Argentina planning temporary cut on soy export taxes

Farm industry sources say the move should spur more exports from the Latin American nation

By Hugh Bronstein, Maximilian Heath October 9, 2020

Argentina plans to temporarily cut soybean and soymeal export taxes by three percentage points to 30 per cent to help stimulate export revenue as the country struggles with recession and dwindling foreign reserves, a local industry source said Oct. 1. The tax cut would last until the end of the year. The export levy would

Farmit Manitoba, News, Other

North Dakota: What rebound?

REGION | Our next-door neighbour is in an economic crunch as COVID-19 batters oil, agriculture

By Karl Plume, Laila Kearney July 1, 2020

Reuters — When the novel coronavirus first appeared in the United States, North Dakota was in the envious position of having more money in its state coffers than it had budgeted. Now, it is making sweeping cuts to state agencies in a bid to stem the financial bleeding from a historic oil price collapse sparked by the coronavirus pandemic, and a

File photo of young plants in a soybean field in Argentina. (Gracieross/iStock/Getty Images)

Crops, Markets

Argentine soybeans facing tax increases

By GFM Network News, Glen Hallick - MarketsFarm January 8, 2020

MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché.

Livestock

Livestock producers receive tax relief for 2019

By GFM Network News, Gfm Staff July 22, 2019

Drought in Western Canada and Quebec has prompted the federal government to release an initial list of regions eligible for livestock tax deferrals. The livestock tax deferral provision allows livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2019 sale proceeds of breeding livestock until 2020 to help

Editorial, Opinion, Other

Editorial: Multi-tasking

By Gord Gilmour February 28, 2019

Manitoba’s farmers can chalk up a small victory in their battle to have the way education taxes are levied on farmland revised. At the recent Keystone Agricultural Producers annual general meeting, held in early February in Winnipeg, the provincial government delivered the clearest signal to date that this message is getting through to policy-makers. Provincial

Manitoba farmers say local education taxes on farmland are unfair and want the provincial government to do something about it.

Local news, Other

Education tax model ‘flawed’ says Eichler

The agriculture minister agrees farmers pay more than their share, but says there’s not much he can do about it

By Allan Dawson February 15, 2019

Agriculture Minister Ralph Eichler concedes Manitoba farmers get a raw deal on farmland education taxes — but he also says relief won’t be immediate. “We know there are a number of funding models that would look better,” Eichler said during a question period following his speech at the Keystone Agricultural Producers’ (KAP) 35th annual meeting

Local news, News, Other

Farmland education tax not part of education review

Premier Brian Pallister wants a plan for improving public education before exploring ways to pay for it

By Allan Dawson February 4, 2019

The president of the Keystone Agricultural Producers (KAP) says he isn’t surprised education taxes aren’t part of an upcoming education review — but he is a bit disappointed. Bill Campbell says funding issues, and especially taxation on farmland, should be on the agenda, especially given earlier statements from the provincial government. “I realize this is

Daily Network News

U.S. Supreme Court to hear Bayer’s bid to curb Roundup cases

Canada-China roundup: Producer groups applaud tariff relief; pork left out; mix of criticism and praise from Trump administration

Opinion: Is a closer trade relationship with China a security risk?

Tag Archives taxes