The federal government is proposing several tweaks to the capital gains tax changes that were announced in the federal budget in April, that it says are the result of feedback from entrepreneurs, particularly in the tech and farming sectors. The changes, which were detailed in draft legislation released August 12, would make farm property eligible… Read More
Category: Finance
The federal government’s plan to raise the capital gains inclusion rate in less than two weeks will increase the tax bill on the sale of a typical Canadian grain farm by 30 per cent, based on research conducted by Grain Growers of Canada (GGC). Grain Growers has written a letter to Finance Minister Chrystia Freeland… Read More
New survey data shows around half of farms that have farmland rental agreements up for renewal this year are expecting rental rates to increase, with some anticipating a significant jump in the land rent component of their cost of production. Rising land rent costs are coinciding with the increasing cost of owning land, as borrowing… Read More
10 national farm and commodity organizations are raising concerns about the federal government’s plan to increase the capital gains tax inclusion rate and related tax policy changes that were announced in the 2024 budget last month. The organizations, including the Canadian Federation of Agriculture, Canadian Canola Growers Association, Canadian Cattle Association and Grain Growers of… Read More
The April 2024 results from the Canadian Farmer Sentiment Index reveal a nuanced picture of current farm financial performance nationwide, highlighting the variations in sentiment across demographics and farm types. This latest installment of the survey, which reflects farmers’ financial status today compared to 12 months ago, presents an intriguing shift: for the first time… Read More
Farm Credit Canada (FCC) is not new to the venture capital space, however a shift in focus for the Crown corp will see the lender take a more direct approach to ven cap funding in agriculture. Justine Hendricks, CEO of FCC, says the move is prompted by the changing needs of the industry. Whether driven… Read More
Six of Canada’s biggest business and industry associations, including the Canadian Canola Growers Association (CCGA), have written a joint letter to Deputy Prime Minister and Finance Minister Chrystia Freeland asking her to scrap a proposed change to capital gains tax announced in the federal budget last month. In addition to the CCGA, the May 9th… Read More
Incorporated farms in provinces where the federal carbon tax is collected should receive a little more back on their tax return under the “Canada Carbon Rebate for Small Businesses” proposed in the federal budget last week. The federal government said it would “urgently” return more than $2.5 billion in accrued carbon tax revenue going back… Read More
When RealAgristudies surveyed farmers in January as part of the Canadian Farmer Sentiment Index, some very interesting trends developed, with notable changes happening over the last few months. Today, we are going to look at the impact that age has on how farmers view their current farm financial performance: In aggregate, famers said that their… Read More
The interest-free component of the federal government-backed spring cash advance loan program for farmers is reverting to $100,000 for 2024 after being increased to $250,000 in 2022 and $350,000 last year. Many farmers use spring advances to help cover the cost of planting a new crop, using crop insurance or AgriStability coverage as collateral. Former… Read More