UPDATED: Tuesday June 13, 2024 – 1410 CST – adds comments from the Canadian Federation of Agriculture. Glacier FarmMedia – Looming changes to Canada’s capital gains inclusion rates will increase average taxes by 30 per cent on the country’s family-run grain farms, putting their futures at risk, according to research conducted by the Grain Growers […] Read more
Tag Archives capital gains inclusion rate — page 2
Feds present time sensitive challenges, new opportunities
When the 2024 federal budget was released in April, there were several notable proposed tax changes that will have direct implications on most Canadians. The first change relates to the capital gains inclusion rate. Since 2001, it has been 50 per cent, which means 50 per cent of a capital gain is tax free and […] Read more
Farm groups sound off on budget concerns
Ten national organizations say change to the capital gains inclusion rate and other proposed moves will impact farmers
Glacier FarmMedia – REGINA — Canadian national farm organizations have united against proposed budget measures that they say will negatively affect farmers. Planned changes to the capital gains inclusion rate also drew specific concern and attention from the House of Commons’ agriculture committee. Related stories: In a May 27 letter to finance minister Chrystia Freeland, […] Read more
