Whether you are preparing to sell your property, looking to retire or strategically planning when to sell your investments, the recent conversations about the capital gains inclusion rate will inevitably affect many of your decisions.
Tag Archives capital gains tax
Grain Growers of Canada urges farmers to ‘Vote for Grain’
Initiative encourages farmers to make concerns heard, see where candidates stand on key issues
Grain Growers of Canada launched its ‘Vote for Grain’ to encourage farmers to engage in the upcoming federal election.
Federal government defers implementation of modified capital gains tax to 2026
Glacier FarmMedia – Ottawa | Reuters—Canada’s government on Friday announced that it would defer the implementation of the controversial changes in the capital gains tax to January 1 next year. People who fell under the scope of the proposed changes of the tax regime were concerned whether they would have to continue paying the modified […] Read more
Program changes not seen as remedy for capital gains loss
Federal government revamps Canadian Entrepreneurs’ Incentive, but Grain Growers of Canada say the move isn’t enough
Glacier FarmMedia – Grain Growers of Canada says proposed changes to the Canadian Entrepreneurs’ Incentive will help some grain farmers but won’t offset losses due to changes to the capital gains inclusion rate. “Patchwork approaches and fragmented incentives won’t deliver the economic growth and support that Canada’s grain farmers and rural communities need,” the organization […] Read more
Tax change hurts farm succession
Pity the family farmer. Once a shining centrepiece of Canada’s economic growth, our farmers are little more than an afterthought in our urban-focused world. And the federal government, which once supported small farms through helpful policies, is landing a new and devastating blow through federal capital gains tax changes. The planned changes will make it […] Read more
Recent analysis on capital gains tax is misleading
Farmers now have another reason to bash the Trudeau Liberals — the increase in the capital gains tax inclusion rate. Unfortunately, many of the arguments against the tax don’t withstand scrutiny. Certainly, taxes of all kinds are too high in Canada. In the case of the federal government, the public employee contingent has ballooned, expanding […] Read more
Know details of lifetime capital gains exemption changes
Running a successful farming operation involves a non-stop dance with Mother Nature, trying to co-operate with her and achieve balance within the ecosystem. Then there’s the financial side, where it can be difficult to increase profits while reducing expenses and taxes. The federal government has announced increases in the lifetime capital gains exemption (LCGE) limit […] Read more
Capital gains changes continue to draw concern
Organizations say increasing the inclusion rate will affect intergenerational transfer and decrease the number of family farms
REGINA — The farm lobby against federal changes to the capital gains inclusion rate is gathering steam. Grain Growers of Canada launched ProtectFamilyFarms.ca last week after revealing research showing family grain farmers would face 30 per cent more in taxes if the rate rises from one-half to two-thirds. The online lobby allows farmers to contact […] Read more
Capital gains changes to proceed
REGINA — Canadian finance minister Chrystia Freeland tabled a notice of motion June 10 to change the capital gains inclusion rate. The Notice of Ways and Means motion follows an announcement in the April budget that the change was coming. Legislation is to follow. Ottawa intends to increase the rate from one-half to two-thirds on […] Read more
Family farms at risk from higher capital gains rates: GGC
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
