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.
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Changes to Canadian Entrepreneurs’ Incentive won’t offset capital gains losses says Grain Growers of Canada
Government funds soybean climate-change resistance research
Performance Plants Inc. (PPI) is getting a multi-year federal funding boost through the AgriScience Program – Projects Component. Over four years, the agricultural biotechnology developer will receive $2,325,361 to develop a high-yielding, climate change-resistant soybean and enable field testing.
Federal government pledges $8.6 million to Dairy Farmers of Canada
Dairy Farmers of Canada (DFC) will receive up to $5 million over five years to “advance sustainability and public trust, leveraging the proAction quality assurance program,” a federal news release said, and up to $3.57 million over five years to strengthen its DairyTrace cattle traceability system.
Ag ministers meeting covers risk management, pesticides, animal disease
Business risk management, pesticide management and animal disease preparedness were among topics discussed by provincial, federal and territorial ministers of agriculture at their annual meeting this week.
Improved Canadian pest control product regulations proposed
Proposed amendments to Canada’s pest control product regulations (PCPR) will provide greater transparency while enhancing environmental protection, according to an announcement from Health Canada on June 17.
Farm groups criticize capital gains inclusion rate change
Ten national organizations say several tax-related changes in the 2024 federal budget will impact farmers
In a May 27 letter to finance minister Chrystia Freeland, agriculture minister Lawrence MacAulay and national revenue minister Marie-Claude Bibeau, 10 signatories said they are concerned about the capital gains inclusion rate, the Alternative Minimum Tax (AMT) and the Canadian Entrepreneurs’ Incentive (CEI), which were all announced in April.
Feds invest in research to promote more diverse crop rotations
The federal government is investing $5,733,852 million in funding to advance soybean, corn and oat research and promote diverse crop rotations across Canada.
Organic sector tables petition in Parliament
Groups call for recognition, incentives; supportive policy and programming
A petition calling for greater federal support of the organic sector was presented in Parliament this Tuesday. “The petitioners are calling upon the Government of Canada to give Canadians better and more affordable access to the foods they want by establishing bold policies and programs that would encourage growth in the domestic supply of organic,” said B.C. MP Alistair MacGregor, who tabled the petition.
Federal budget draws mixed reaction from Canadian ag groups
Livestock tax deferral, capital gains exemption praised; overall lack of investment in agriculture noted
The 2024 federal budget, released Tuesday afternoon has drawn mixed reactions from ag groups across Canada. While some have praised aspects of the plan, others have condemned the lack of attention paid to agriculture and farmers.
Federal budget promises lower costs, interest relief for farmers
Budget 2024 will see approximately $52 billion spent over five years
The 2024 federal budget, tabled today, promises several benefits for Canadian farmers.
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