By The Canadian Press

CFA – Proposed tax changes would lead to new risks for farmers

Sep 6, 2017 | 3:08 PM

OTTAWA –  The Canadian Federation of Agriculture (CFA) is calling on farmers to voice concerns about proposed tax changes it says could hurt farm business planning.

Justin Trudeau insists only wealthy small business owners benefit from the tax incentives his government plans to eliminate.

But the federation says the proposals would bring about major uncertainty for farms that are incorporated, especially for multi-generational family farms.

It also says a 75-day consultation in the middle of the harvest season is not enough to allow for a comprehensive review. 

More information can be found on the CFA website.

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For more background, see MNP’s article “How Proposed Tax Changes Could Impact You and Your Business” and download their fact sheet on the effects the proposed tax changes would have on farmers.