Insights and Stories on Small Business

Farm transfer tax treatment bill now law, feds say

Jul. 21, 2021 at 10:16 pm CDT

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. […]

New rule on farm transfer tax treatment put off to 2022

Jul. 13, 2021 at 7:44 pm CDT

By Dave Bedard

Farm groups see something for everyone in federal budget

Mar. 19, 2019 at 9:25 pm CDT

By GFM Staff

Canada’s new export minister to push beyond U.S. market

Jul. 24, 2018 at 7:13 pm CDT

By Andrea Hopkins

Greig: Federal tax backtracks aside, much of impact still unknown

Oct. 20, 2017 at 4:50 pm CDT

By John Greig

Feds pledge lower small business tax rate

Oct. 16, 2017 at 8:57 am CDT

UPDATED, Oct. 16 — The federal government says it will cut the small business tax rate to nine per cent from 10.5, a move seen as an attempt to counter a growing backlash against its July tax reform announcement. Prime Minister Justin Trudeau and Finance Minister Bill Morneau appeared side-by-side […]

By Reuters Staff

Proposed tax changes could hit farmers hard

Aug. 30, 2017 at 4:56 pm CDT

Proposed changes to the federal income tax act could have far-reaching consequences for Canadian farmers. “The proposals that came out in July are so wide reaching and so complicated that they could significantly impact all farms across Canada,” said Allan Sawiak, a taxation partner at accounting firm Kingston Ross Pasnak […]

By Jennifer Blair