Parliament Hill, in Ottawa – Ontario, Canada. Photo: Ulysse Pixel

Farm groups criticize capital gains inclusion rate change

Ten national organizations say several tax-related changes in the 2024 federal budget will impact farmers 

In a May 27 letter to finance minister Chrystia Freeland, agriculture minister Lawrence MacAulay and national revenue minister Marie-Claude Bibeau, 10 signatories said they are concerned about the capital gains inclusion rate, the Alternative Minimum Tax (AMT) and the Canadian Entrepreneurs’ Incentive (CEI), which were all announced in April.



Photo: Stephen Waycott/iStock/Getty Images

Organic sector tables petition in Parliament

Groups call for recognition, incentives; supportive policy and programming

A petition calling for greater federal support of the organic sector was presented in Parliament this Tuesday. “The petitioners are calling upon the Government of Canada to give Canadians better and more affordable access to the foods they want by establishing bold policies and programs that would encourage growth in the domestic supply of organic,” said B.C. MP Alistair MacGregor, who tabled the petition.

It’s shaping up to be a better spring than in 2023 and strong market signals indicate growth potential for producers.

Federal budget includes positives and negatives for beef industry

From the May 2024 issue of Canadian Cattlemen

The 2024 federal budget came down on April 16 and it’s clear our advocacy efforts are making a difference. In late March, the government announced the advanced payment program will have a $250,000 interest-free limit for the 2024 program year. We are also glad to see that the government will continue to review the advanced […] Read more