UPDATED: December 19, 2024 – 1020 CST – Glacier FarmMedia – The 2024 fall economic statement shows Canada has a $61.9 billion deficit and makes few mentions of agriculture. The statement was released Monday afternoon after a chaotic day which saw Finance Minister Chrystia Freeland resigning from her post hours before presenting the document. The […] Read more
Tag Archives Chrystia Freeland
Chrystia Freeland resigns as finance minister
Chrystia Freeland has resigned her cabinet position as Finance Minister, but will continue to serve as an MP for her Toronto constituency. Freeland made the announcement earlier today and released the letter of resignation she had sent to Prime Minister Justin Trudeau. “On Friday, you told me you no longer want me to serve as […] Read more
Changes to capital gains inclusion rate now in effect
Federal gov’t has been under pressure to reverse the decision, but an economist says it is unlikely to change its mind
REGINA — The June 25 deadline to implement federal tax changes has come and gone without the exemption farmers wanted. Organizations had asked Ottawa to keep the capital gains inclusion rate for farmers at 50 per cent instead of raising it to 66.67 per cent. This rate applies to capital gains of more than $250,000. […] 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
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
