Cattle Associations want Feds to hit the pause button on the capital gain changes

Discoverwestman.com - June 17, 2024

The Canadian Cattle Association and Canadian Cattle Youth Council are concerned with Ottawa's plans to push through capital gains changes.

The proposed changes would see the lifetime capital gains exemption increase from $1 million to $1.25 million, while the capital gains tax, which is paid after that, change from 50 per cent to 67 per cent.

Canadian Cattle Youth Council President Scott Gerbrandt says they are concerned about the proposed increase and what it could mean for family farms.

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