GFM Network News


Chrystia Freeland takes part in a news conference at the Canadian embassy in Washington, D.C. on Aug. 31, 2018. (Photo: Reuters/Chris Wattie)

Farm transfer tax treatment bill now law, feds say

Government to add amendments against tax loopholes

Despite a previous statement from her ministry, Canada’s finance minister says a bill standardizing the tax treatment of farm transfers is now officially on the books. However, while Bill C-208 is now in federal tax law, further amendments are en route to plug legal loopholes the bill may have opened. Finance Minister Chrystia Freeland on […] Read more



Prime Minister Justin Trudeau leaves a news conference at Rideau Cottage in Ottawa on June 25, 2021. (Photo: Reuters/Blair Gable)

Parliament rises as farm succession bill passes

Manitoba MP's private member's bill clears Senate

With the possibility of a fall election looming, MPs rose from the House of Commons on Wednesday, marking the end to a parliamentary session featuring a handful of laws impacting agriculture. Brandon-Souris MP Larry Maguire saw his private member’s bill, aimed at lowering taxes on the sales of farms and other small businesses, pass in […] Read more