The level of drought in parts of Western Canada so far this year has given the federal government a head start in drafting its list of jurisdictions where producers can […] Read more
Tag Archives income tax
Livestock tax deferral list begins in West for 2023
AgriRecovery work 'progressing,' feds say
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 […] Read more
Initial drought list ready for 2022 livestock tax deferrals
Much of Manitoba, southern Alberta designated for 2022
Many of the Prairie livestock producers forced by drought to make “difficult herd management decisions” in the 2022 income tax year are now eligible to defer the taxable income from […] Read more
Supply chain improvement funds pledged in federal budget
Money also added for support of TFWs, P.E.I. potato sector
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 […] Read more
Farm transfer tax treatment bill now law, feds say
Government to add amendments against tax loopholes
Despite a previous statement from her ministry, Canada’s finance minister says a bill standardizing the tax treatment of farm transfers is now officially on the books. However, while Bill C-208 […] Read more
New rule on farm transfer tax treatment put off to 2022
Farm groups protest delay
Rule changes passed in a federal bill to standardize tax treatment for sales of family-owned farms and small businesses will be delayed to the start of 2022, to the dismay […] Read more
Tory MP’s bill on farm transfer tax treatment moves ahead
Private member's bill now awaits Senate approval
A Manitoba Conservative MP’s bill to standardize the tax treatment for sales of farms and other small businesses has cleared the House of Commons and is en route to the […] Read more
Eastern drought zones set for livestock tax deferrals
Regions designated in P.E.I., N.S., N.B., Quebec
In a decision that may have come late for some, New Brunswick, Prince Edward Island and parts of southeastern Quebec and northwestern Nova Scotia have been declared drought zones for […] Read more
More tax deferral zones announced for ranchers
Final list released for 2019 tax year
More ranchers who were up against a dry 2019 may now be eligible to defer some income from their livestock sales for the income tax year. The federal government on […] Read more
Feds, provinces plan minor tweaks to AgriStability
Ottawa — Minor changes are coming to AgriStability following Tuesday’s meeting between federal Agriculture Minister Marie-Claude Bibeau and her provincial counterparts. Major changes, however, will have to wait. A full […] Read more