Finally....

[grassfarmer]

Weak answer, evading the question.

[Braveheart]

Not that many salaried jobs are affected by drought, floods, oversupplied markets,etc. Seems like the Liberal target is not salaried jobs, rather, it's wealth creators, risk takers, etc.

Should doctors and dentists be able to incorporate just to avoid higher tax rates? I don't think so. But I don't think farmers should be labeled tax dodgers either. I've seen too many take large risks chasing too elusive rewards.

[Horse]

Not that many salaried jobs are affected by drought, floods, oversupplied markets,etc. Seems like the Liberal target is not salaried jobs, rather, it's wealth creators, risk takers, etc.

Should doctors and dentists be able to incorporate just to avoid higher tax rates? I don't think so. But I don't think farmers should be labeled tax dodgers either. I've seen too many take large risks chasing too elusive rewards.

Talk to the oil workers and then make that statement. I may be wrong but my newborns that are incorporated are paying 14% tax ,those sole profiteers are paying 54% if in the same bracked, Mabry you need a new accountant. Suppose to be enamours not newborns.

[Oliver88]

Has this union did anything good for farmers ever?

Not for real farmers...they seem to prefer rooftop gardeners or hipsters with a few chickens in their backyard.

They probably support a carbon tax as well.

[Horse]

oliver88. That poses a good question, what is a real farmer? Someone who farms 10/20/50,000acres,mabey 100 cows or 10,000.
It posses me off every time I hear someone brag on how big they are,i have farmed for going on 60yr and never tried to climb the golden ladder, but I can tell you what is mine is mine and there are a lot of bots that can't make the same claim, and I still have some close nabors But thanks to the greediest my fortune in land is far larger than expected

[Oliver88]

Horse, I should not have used the word "real" in my post above.
Not a fan of the NFU for all the non-agriculture and loony activism they take part in.

I would be very surprised if the NFU was opposed to a carbon tax. (I hope you can prove this is wrong.)

[Jay-mo]

Predictable, ill-informed, hysterical rantings by people who still haven't bothered to read or understand what is being proposed and who may be affected.

I agree with the NFU statement that "If a farm is prosperous enough to clear well over $200,000/year after all expenses are paid (including salaries), it should not be a hardship to pay taxes at the same rate that someone would who earns that much money in a salaried position."

How can you argue with that? Why should farmers not pay the same rate?

Another example of the leftist liberal mindset.
Why not advocate to lower taxes on the salaried position to make things "fair"?

[Hamloc]

Predictable, ill-informed, hysterical rantings by people who still haven't bothered to read or understand what is being proposed and who may be affected.

I agree with the NFU statement that "If a farm is prosperous enough to clear well over $200,000/year after all expenses are paid (including salaries), it should not be a hardship to pay taxes at the same rate that someone would who earns that much money in a salaried position."

How can you argue with that? Why should farmers not pay the same rate?

Grassfarmer, are you suggesting that farmers should not be allowed to be incorporated? All salaries including those paid to the owner under the corporation are obviously taxed at personal not business rates. One example where the lower tax rate on farm earnings is needed is land payments. These are made with after tax dollars. On a $500000 loan on land with payments of over $3000 a month the difference between the pre-tax dollars with a 35% personal tax rate and a 14% small business rate is quite substantial. Now you could argue land is way overpriced due to speculation and I would agree 100%. If we could keep pension funds and land speculators out of land purchases this would certainly help. As for your support of Trudeau and Morneau, both the proverbial 1 percenters, these rules won't affect tax payed by either. As for your belief that farmers should pay the top personal tax rate that in some provinces exceeds 50% on their net income makes me question your business acumen, this would make growing the business difficult if not impossible.

[tweety]

What about the change that taxes anyone passing farm to children MORE and non related buyers LESS?

Can you explain this please? What changes make this happen?

[Hamloc]

One other thing Grassfarmer, I see that on the CBC website the Premier's of Nova Scotia, Newfoundland and Manitoba, as well as BC's finance minister have all spoken out against these changes, concerned about the consequences. Now you seem to believe those of us who disagree with these proposals are narrow minded or misinformed, do you feel the same way about the Premiers? There are times when a person can look in the mirror and realize that you might be wrong. This has happened to me more times than I can count.

[sumdumguy]

When people talk about the low tax rates corporations pay they fail to include the fact that the money is taxed again when the shareholders take it out personally. You are just delaying or postponing the tax in a corp. When you retire whether you take it out as salary or dividends you may pay another 54% on top of the 18% that the corp paid in the past. Dividends are grossed up so that there is no real tax advantage.

[burnt]

You guys gotta quit being so stubborn just cause it's grass farmer and nfu. I don't like the NFL either but that statement is pretty good. There suggested changes are spot on, keep the investors out of our land base, help young farmers, higher cap gains exemption - pretty tough to argue against that???

It's right about getting farmers all riled up over something they don't understand. I've been thinking all week we are just looking like a bunch of winers.

FJ the comment about paying MORE to transfer to the next generation than strangers is fear mongering started by someone with absolutely no truth behind it. It may cost more tax than it does now but not more than selling out.

Well GDR, you might be right about not all of us understanding all the details of the "proposed" tax changes - it's true. (Just an aside - do you think PM sock puppet boy understands them all?)

It is also true that not all of us understand all the details of many of the things we use on our farms on a daily basis.

So that is why we have a list of experts on whose advice we rely, such as accountants. Although we are now a small-scale farm, we have always employed the services of a highly acclaimed accounting firm that provides service to a clientele both national and international.

And this firm is consistent with many (if not all) others in explaining how this will negatively impact our farm operations as well as transfers to the next generation - incorporated or not.

So if you want to counter their advice, please show us your credentials and explain how all the other qualified voices are wrong.

And if grassant has given you a pat on the back saying you show common sense, you might want to head for the shower post haste before the stinking residue dries on and rethink your position.