Proposed federal tax changes could impede Saskatchewan agricultural producers’ ability to keep farms in the family
APAS supports Canadian Federation of Agriculture’s call to action
August 23, 2017 – For Immediate Release – The Agricultural Producers Association of Saskatchewan is expressing its strong concern about proposed changes to Federal tax rule impacting small business corporations.
“The Canadian Agricultural industry is strongly based on the family farm, and many farm families have used incorporation as a way to ensure that their farms can be passed from generation to generation,” said APAS President Todd Lewis, who sits on the CFA Board. “These proposed changes could have severe impacts on multi-generational farm operations.”
The CFA campaign is asking producers to join other business organizations in calling on Members of Parliament to extend the consultation period, which was announced July 17 and ends October 2.
“This federal government consultation is taking place right when we are busy harvesting our crops, and there has been nowhere near enough time to understand the implications of the proposals,” Lewis continued. “The changes are very technical in nature, and we need more time to fully understand their potential impacts.”
Lewis added that APAS would be contacting Federal Finance Minister Morneau and MPs to express concern, and would be mobilizing APAS members to assist.
For further information and to arrange an interview, please contact:
Communications and Community Relations Coordinator
Agricultural Producers Association of Saskatchewan
(306) 789-7774 ext.6
Background: APAS is Saskatchewan’s general farm organization – formed to provide farmers and ranchers with a democratically elected, grassroots, non-partisan, producer-run organization based on rural municipal boundaries. As the united voice of thousands of agricultural producers and ranchers in Saskatchewan, we strive to represent the views of a wide variety of agricultural stakeholders in order to form comprehensive policies that can benefit all sectors of society.
CFA Call to Action: http://www.cfa-fca.ca/action-alert-ask-your-mp-to-rethink-tax-proposals/