At the Canfax Market Forum I was able to catch up with the Canadian Cattlemen Association President Martin Unrau to get an update on the recent activities of the CCA in the last year. Obviously mandatory country of origin labeling MCOOL and CETA have captured much of the time.
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The federal government wants to clamp down on incorporated business owners who it says are claiming capital gains when they should be reporting taxable income or dividends. A capital gain is essentially the increase in the value of a capital asset, such as farmland, above its purchase price. Under Canada's tax system, only 50 percent…Read more »