Canadian Farmers Fight Capital Gains Increase

Farms.com - June 4, 2024

A coalition of major Canadian agricultural associations is pushing back against new federal tax policies that they believe could adversely affect the farming community.  

This collective, including entities such as the Canadian Federation of Agriculture and the Canadian Cattle Association, has officially voiced their concerns through a letter addressed to the government.

The primary issue at stake is the proposed hike in the capital gains inclusion rate which, according to these groups, threatens the financial health of farming enterprises, especially when passing down farms through generations.  

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