Canadian Canola Growers Association

Tax changes & your farm: CCGA responds to consultation

October 16, 2017Hub Article

​​​​​​​​​​​​​​​​​The federal government is proposing tax changes that will impact small business corporations, including farms. Three major changes being proposed could significantly impact farmers, including adjustments to:

 

  • income sprinkling (commonly known as income splitting),
  • passive investment income, and
  • use of the capital gains exemption.

Of particular concern for farms are the impacts that the proposals could have on succession planning, exiting the farming business, and farmer 'retirement'.

CCGA is working with agricultural stakeholders and financial management experts to better understand the impact of these changes. While the official consultation closed on October 2, 2017,... (read more)

​​​​​​​​​​​​​​​​​The federal government is proposing tax changes that will impact small business corporations, including farms. Three major changes being proposed could significantly impact farmers, including adjustments to:

 

  • income sprinkling (commonly known as income splitting),
  • passive investment income, and
  • use of the capital gains... (read more)

Tax changes & your farm: What’s being done & what can you do?

September 13, 2017Hub Article

​​​​​​​​​​​The federal government is proposing tax changes that will impact small business corporations, including farms. While farmers don't have a lot of time to think about tax changes during harvest, it is important that they are aware of what is being proposed and how it may impact their family's future.

What we know

The Department of Finance... (read more)

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