Producers, organizations say intergenerational farm transfers are at risk from capital gains changes made earlier this year
REGINA — Farm organizations continue to strongly oppose changes to the capital gains inclusion rate, telling the standing agriculture committee last week that federal tax increases hurt intergenerational farm transfers. As of June 25, the inclusion rate is 50 per cent for capital gains up to $250,000 and two-thirds on amounts over that. The increase […] Read moreTag Archives intergenerational farm transfer
House committee told federal tax policy hurts farm transfers
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
