The Canadian Association of Farm Advisors’ annual tax update showcased confusion and frustration at the federal government’s shifting plan to change how small business is taxed. “I was very, very offended by all of this,” said Kurt Oelschlagel, of BDO Canada, who was part of a panel on the government changes at the CAFA event, […] Read more
Greig: Federal tax backtracks aside, much of impact still unknown
Ottawa scraps plans for new limits on capital gains
The federal finance ministry has backed away from proposed plans for new limits on capital gains exemptions, over concerns of “unintended consequences” for businesses such as farms. Finance Minister Bill Morneau on Thursday announced the federal government “will not be moving forward with measures that would limit access to the LCGE (lifetime capital gains exemption),” […] Read more
Feed testing now can save you money
Testing is especially important this year as supplies are tight and quality down in many areas of the province
Reading Time: 3 minutes Doing feed tests now, at the start of the feeding season, will allow producers to develop a strategy to ensure all categories of cattle in the herd are fed to their production goals and extra costs are avoided. “Livestock feed supplies are going to be tight in some areas of Alberta, while in other areas, […] Read more
Tough U.S. NAFTA demands send ball back into lobbyists’ court
Arlington, Va. | Reuters — Lobbying efforts on the North American Free Trade Agreement faced a major test this week after the Trump administration ignored advice from U.S. business groups and pitched proposals to radically reshape NAFTA, leaving its future in doubt. The U.S. demands to force renegotiation of NAFTA every five years and reserve […] Read more
Seventy-seven per cent of crops harvested, soil moisture conditions improve
Alberta crop conditions as of October 10
Reading Time: 2 minutes Harvest is complete in the Southern Region and nearly complete in the Central Region, while the northern regions in the province are still in mid-harvest. This past spring, the northern regions had some challenges with the harvesting of over-wintered crops which led to late seeding. As well, for these regions, rain, combined with snow and […] Read more
U.S. stance on autos sows more doubt about NAFTA overhaul
Arlington, Va. | Reuters — The Trump administration on Friday demanded that U.S.-made content account for half the value of the cars and trucks sold under the North American Free Trade Agreement, raising further doubts about any potential deal to renew the pact. Three sources briefed on the protectionist U.S. proposal, which is in line […] Read more
Insurer SGI Canada sets up farm unit
The property and casualty arm of Saskatchewan’s Crown insurance agency has set up a new unit zoned strictly agricultural. SGI Canada — the Regina-based property and casualty insurance provider which operates in tandem with the Saskatchewan Auto Fund, the Crown auto insurer — on Wednesday launched a new Farm Business Unit with “a specialized team […] Read more
U.S. hikes NAFTA tension with call for ‘sunset clause’
Arlington, Va. | Reuters — Washington has dramatically increased tensions in talks to renew the North American Free Trade Agreement by proposing that the lifespan of any new deal be limited to five years, people familiar with the negotiations said on Thursday. The proposal for a so-called sunset clause — just one of a series […] Read more
Alberta to reallocate veterinary school funding
Alberta is set to gradually pull its $8 million in annual funding from the University of Saskatchewan’s Western College of Veterinary Medicine (WCVM) and instead expand the vet school at the University of Calgary. The province announced Thursday it will expand enrolment for the University of Calgary’s Veterinary Medicine program (UCVM) from 130 students currently […] Read more
Trump says U.S.-Canada trade deal possible, excluding Mexico
Washington | Reuters –– U.S. President Donald Trump said on Wednesday he would be open to a bilateral trade pact with Canada if a deal cannot be reached with Mexico to substantially revise the North American Free Trade Agreement. Asked by a reporter if he could envision maintaining free trade with Canada if NAFTA talks […] Read more