Thursday, May 3, 2018


   OTTAWA — The federal government announced the latest slew of proposals to change small business taxes in Canada, and farmers dodged a bullet.
   Last year, the government announced its initial proposed business tax changes that included a crippling of the capital gains exemption, a move that would’ve made it more expensive for a farmer to sell his farm to his own child than a stranger.
   The federal government backed off on that proposal in October, completely stepping away from changing how capital gains work, and modifying a number of its other proposals.
   Although the Canadian Federation of Independent Business and the Canadian Taxpayers Federation aren’t happy about the latest slew of proposals released in February, likely to be the final product, they agree that farmers are still far ahead of where they were.

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