The federal government’s release last week of its Emissions Reduction Plan has turned out to be the spoiler for new ag funding in Thursday’s 2022 budget — although more money is also pledged to help strengthen cross-country supply chains generally. Finance Minister Chrystia Freeland on Thursday laid out a federal budget with about $452.3 billion […] Read more
Tag Archives federal budget — page 2
Supply chain improvement funds pledged in federal budget
Money also added for support of TFWs, P.E.I. potato sector
Federal budget brings few farm tax changes
Main points include wage subsidies, closing loopholes, and front-loading equipment write-offs
The 2021 federal budget included provisions designed to garner more revenues from high-level sources such as digital media companies and absentee homeowners. On the farm side, however, analysts say tax changes appear light by comparison. Why it matters: Some anticipated tax increases for small business were not included in the 2021 federal budget. What wasn’t […] Read more
Agriculture, agrifood wish lists pile up ahead of long-delayed budget
Freeland's budget due out Monday afternoon
Agriculture and agrifood sector stakeholders will learn Monday which of their requests make their way out of the pile and into a long-awaited federal budget. Federal Finance Minister Chrystia Freeland’s 2021 budget is scheduled to be released Monday in the House of Commons, at about 4 p.m. ET. Canadians didn’t get a 2020 budget: it […] Read more
Opinion: Fall economic update could send important signals
Capital Letters: Morneau’s fiscal update will have to reassure Canadians
In less than a month, MPs will return to the nation’s capital from their summer vacations and settle back into the routine of passing legislation, holding committee hearings and meeting with lobbyists and industry representatives. The fall session is always a busy time, with MPs eager to get back into the Ottawa swing of things. […] Read more
Cash ticket deferral option to remain unchanged
The federal government is leaving its deferred cash purchase ticket policy unchanged. When listed grains (wheat, oats, barley, rye, flax, canola, rapeseed) are delivered for payment at a licensed elevator, an elevator operator can issue either a cash purchase ticket or a deferred cash purchase ticket, payable in the year following the year in which […] Read more
Oliver budget boosts capital gains exemption, trade funds
A higher lifetime capital gains exemption on sales of farm property, accelerated capital cost allowance for food processing equipment and, further out, more money to boost agrifood exports are among the offerings for farmers in Tuesday’s federal budget. Federal Finance Minister Joe Oliver on Tuesday described his 2015 Economic Action Plan as “a balanced budget, just […] Read more
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