“Trump won’t actually put tariffs on us, will he?” That’s a common question across Canadian agriculture as the dust settles on a decisive Republican victory in the U.S. presidential election. During the campaign, Donald Trump repeatedly talked about applying universal tariffs in the 10 to 20 per cent range, with the possibility of somewhat higher… Read More
Tag: Chrystia Freeland
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
The development of Canada’s biofuel sector was highlighted in the Canadian government’s 2024 budget announced on April 16th, but ethanol was notably absent from the list of renewable fuel categories that will receive support. The budget included a commitment of $776 million for a retooled Clean Fuels Fund to drive production of renewable diesel, sustainable… Read More
The federal budget introduced by Finance Minister Chrystia Freeland on Tuesday featured changes to how capital gains are taxed, as well as federal funding to develop biofuel production and artificial intelligence, but did not mention many topics and programs farm groups were hoping to see addressed. It also included many previously-announced measures, such as the… Read More
The agricultural industry is immensely frustrated with the challenges Bill C-234 has faced in the senate, and for good reason. As I have watched the shenanigans in the senate the past month, I have been searching for a word that describes the vibe of the situation as the supposed “independent” senators have allegedly taken marching… Read More
Editor’s note: This story was updated Nov. 28 after confirmation from the Canada Revenue Agency that the proposed changes to the underused housing tax will only take effect after legislation that has yet-to-be introduced has been approved by Parliament. The federal government has proposed several changes to its underused housing tax (UHT) that are expected… Read More
The federal government plans to move ahead with changes to the Competition Act to support Canadians’ right-to-repair. This was one of many commitments made in the fall economic statement tabled by Finance Minister Chrystia Freeland on Tuesday afternoon. The government says it will amend the act “in order to prevent manufacturers from refusing to provide… Read More
Half a dozen national farm organizations and their members are raising concerns about unintended consequences from the federal government’s Underused Housing Tax (UHT) that took effect last year. The Canadian Federation of Agriculture, Canadian Cattle Association, National Cattle Feeders Association, Fruit and Vegetable Growers of Canada, Ontario Fruit and Vegetable Growers Association, and Canadian Canola… Read More
The Ontario Agricultural Commodity Council (OACC), made of up 27 non-supply managed commodity organization, is asking Chrystia Freeland, Deputy Prime Minister and Minister of Finance, to remove the 35 per cent tariff currently levied on Russian-sourced fertilizer. In a letter sent April 13, 2023, the group outlines the collective value of the groups’ economic activity… Read More
Rising interest rates mean the federal government’s move to expand the interest-free portion of its advance payment program will save farmers — and cost government — more than originally expected. Last June, the government increased the interest-free amount that farmers can borrow through the cash advance program for 2022 and 2023 from $100 thousand to… Read More