Well it official….Viterra has been sold. TheGlobe and Mail is reporting this morning that Glencore has purchased Viterra for 6.1 billion. Agrium (CPS) take the majority of the agri retail spots while Richardson’s has acquired a quarter of the grain handling assets.
The federal government thinks too many Canadians are using private corporations as tax-advantaged personal savings accounts, and so it's proposing having much higher tax rates apply to income that comes from investments made within a company. For an incorporated farm business, this "passive" investment income might include returns from GICs, mutual funds, stocks, bonds, or…Read more »