Reading Time: < 1 minute Alberta and Saskatchewan cattle producers affected by bovine TB outbreak in 2016 and this year will receive additional tax relief. Farmers who received compensation under the Health of Animals Act from livestock destroyed due to the bovine tuberculosis outbreak in 2016 and 2017 in Alberta and Saskatchewan are eligible for livestock tax deferral provisions. These allow them to defer a […] Read more
Feds announce tax support for cattle producers
Measures will assist those hit by bovine TB outbreak and in areas affected by drought
Feds backpedal on plans to scrap cash ticket deferral system
The federal government has changed its tune on cash ticket deferrals
Reading Time: 4 minutes Dean Gallimore breathed a big sigh of relief when he learned that the federal government had scrapped its plans to eliminate the cash ticket deferral system. “This is a relief in a big way,” said the chartered accountant. “I was very concerned that they were going to scrap the system. Farmers could deal with that, […] Read more
High hopes for remote sensing of pasture conditions
Federal funding assists pasture project
Reading Time: 2 minutes The Canadian Cattlemen’s Association says it hopes a research project on remote sensing of pasture conditions will be the foundation for a new national pasture insurance program. “The project’s findings may allow for more precision in the development of insurance programs for pasture production, on a farm level, rather than by geographic regions or limited […] Read more
Worried about federal tax changes? There’s an alternative, say experts
Federal Liberal bid to close ‘loopholes’ will increase taxes on most farm corporations, but there’s a way to avoid that hit
Reading Time: 3 minutes Proposed federal tax changes aimed at ‘income sprinkling’ and other tax reduction measures used by corporations — including those owned by farmers — have ignited a storm of controversy. But there are “a lot of other tax strategies” that farmers can use, say financial planning experts. In July, federal finance officials announced proposed changes to […] Read more
Proposed tax changes could hit farmers hard
Ottawa’s plan to make wealthy Canadians pay their fair share of taxes could cripple your retirement or succession plans
Reading Time: 4 minutes Proposed changes to the federal income tax act could have far-reaching consequences for Canadian farmers. “The proposals that came out in July are so wide reaching and so complicated that they could significantly impact all farms across Canada,” said Allan Sawiak, a taxation partner at accounting firm Kingston Ross Pasnak in Edmonton. “This will affect […] Read more
Where’s the beef? New food guide puts focus on ‘proteins’
Meat is being ‘merged’ with plant-based sources of protein in the revamp of Canada’s Food Guide
Reading Time: 3 minutes Canada’s Food Guide is getting revamped for the first time in 10 years — and there’s lots of speculation, especially on social media, about whether meat is being given a thumbs down. “It’s not as harsh as that, really,” said Joyce Parslow, director of consumer relations with Canada Beef. One of the guiding principles of […] Read more
New ag policy aims to sweeten the AgriStability pot
More farmers have been opting out of the farm-income support program after changes in 2013 reduced the potential payout
Reading Time: 4 minutes CAP is a rather fitting acronym for the recently announced Canadian Agricultural Partnership, the latest government ‘policy framework’ that governs its farm support programs. “That’s a very easy way for people to remember the two major changes that have come about here,” said Steve Funk, director of farm income programs at MNP. “They’ve capped the […] Read more
Federal government extends food policy discussions
Citing a strong response from across the country, Agriculture and Agri-Food Minister Lawrence MacAulay has extended the public consultations on a national food policy until Aug. 31. “Canadians’ responses to our online survey show they truly care about food issues. I encourage everyone to take advantage of the extended comment period, and I look forward […] Read more
Have your say on new national food policy
Reading Time: < 1 minute Alberta farmers are being urged to participate in online consultations on the federal government’s new national food policy. “We are pleased to see the federal government engaging with stakeholders across the food industry,” said Jason Lenz, Alberta Barley chair. “The input of farmers in particular will add perspective to this complex policy objective.” Ottawa is […] Read more
Keystone Agricultural Producers defends cash ticket deferrals
Manitoba’s Keystone Agricultural Producers has joined other farm groups in calling on the federal government to keep a regulation that allows farmers to defer grain sales into the following year for tax purposes. The government announced in its recent budget that it is considering eliminating grain ticket deferrals because it is a left over from […] Read more
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