
Tag Archives taxes

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, […] Read more

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 […] Read more

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
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 […] Read more

CGC, other fed workers to strike Tuesday night if no wage deal reached
Tax season, passport renewals may also be affected
Ottawa | Reuters — Some 155,000 public workers in Canada will go on strike at midnight on Wednesday if they are unable to reach a wage deal with the federal government, the leader of the Public Service Alliance of Canada (PSAC) union said on Monday. PSAC president Chris Aylward said he was “setting a clock […] Read more

Argentine soybeans facing tax increases
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. […] Read more

Livestock producers receive tax relief for 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 […] Read more
History: A Proposed New Method of Assessing Land for Tax Purposes
Reprinted from the January 1951 issue of Canadian Cattlemen
A Proposed New Method of Assessing Land for Tax Purposes By T. H. Freeman, Director of Assessments for Saskatchewan ‘As a preface to the subject, it might be advisable to review very briefly the methods used in the past for assessing grazing land or what is technically described as Land Class 1. In 1939 a […] Read more

CCA Report: Tax and NAFTA
From the November 2017 issue of Canadian Cattlemen
It has been a busy and productive month for the Canadian Cattlemen’s Association (CCA). Tax policy has been one of the top domestic policy issues for the CCA since the Government of Canada’s mid-summer announcement. We welcomed the government’s revisions to the tax change proposal announced in October, as their original plan had the potential […] Read more