GFM Network News

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How will federal tax changes affect you?

Reading Time: < 1 minute Alberta’s canola, wheat, barley, and pulse commissions are hosting a free breakfast at Agri-Trade on Nov. 9. at the Sheraton Hotel. Also on the menu will be a presentation on the federal Liberals’ proposed tax changes and the potential impact on farmers by Dean Gallimore, a retired partner from KPMG LLP in Lethbridge. Gallimore spent […] Read more

Add one more harvest worry to the list — the prospect of higher taxes. But experts say a personal pension could reduce that hit and provide a host of other benefits.

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