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Tag Archives federal budget — page 2

(Photo: Reuters/Blair Gable)
Machinery

Supply chain improvement funds pledged in federal budget

Money also added for support of TFWs, P.E.I. potato sector

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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
Tractors and other large machinery can be written off early with a new budget measure, but only for corporations.
News

Federal budget brings few farm tax changes

Main points include wage subsidies, closing loopholes, and front-loading equipment write-offs

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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
Federal Finance Minister Chrystia Freeland appears at a news conference in Ottawa on Sept. 24, 2020. (Photo: Reuters/Blair Gable)
Machinery

Agriculture, agrifood wish lists pile up ahead of long-delayed budget

Freeland's budget due out Monday afternoon

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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
Canadian Finance Minister Bill Morneau delivers the federal budget in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, March 22, 2017.
News

Opinion: Fall economic update could send important signals

Capital Letters: Morneau’s fiscal update will have to reassure Canadians

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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
Photo: File
Crops, Livestock

Cash ticket deferral option to remain unchanged

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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
Prime Minister Stephen Harper and Finance Minister Joe Oliver head to the House of Commons to deliver Tuesday’s budget. (Deb Ransom photo courtesy PMO)
Machinery, Markets

Oliver budget boosts capital gains exemption, trade funds

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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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