Hutterite Colony

[grassfarmer]

AJL, still more diversified than most of the posters on here - large grain farms with no livestock. One of the local colonies here makes fire engines and another is a major roofing tin manufacturer/shed builder. Take a look at this flier - pretty impressive farm diversification!

http://www.carrierefireandsafety.com/brochures/Acres_Brochure_v007.pdf http://http://www.carrierefireandsafety.com/brochures/Acres_Brochure_v007.pdf

[MBgrower]

HAHA that's my way of getting even with every neighbour whoever pissed me off. Sell to the Hutts and leave the province.

No one will buy again if they move in Sorry Grass that's just what happens. Or youll pay lots more than you use to.

Now some colonies are wealthy and some are not really well off and sometimes have to sell.

Any way have fun.

That's my plan too, sell to the hutterites when I retire. Then I phone all the greedy neighbors and remind them why I didn't sell the land to them.

[grassfarmer]

Sounds like some of you have more issues with your other neighbours than with the Hutterites!

[Rareearth]

Do they pay capital gains?

[poorboy]

Do they pay capital gains?

I am sure that they pay capital gains the same as anyone else. If they sell machinery, land, or quota for a gain they would have to pay the capital gain. However, they seldom sell land, and most people do not sell machinery for a gain.

For years the colonies operated under the corporate or religious umbrella and paid nothing to their members, so there was no individual taxes paid and everyone took advantage of the maximum amount of social assistance programs and personal government deductions, and yet each individual hutterites net worth was millions of dollars. The government tax men ruled that unfair and now takes the total hutterite net income and divides that by the number of colony members over 18 years of age and taxes them on that, but does not give them individual tax exemptions (as I understand the wp article).

Biggest problem that I see is they are running under a "corporation" type status which is an ongoing entity, but you can not leave the colony (corporation) and cash in your share. It should be like any operation where you split up your partnership or marriage you have to pay out the departing member(s), or dissolve and split the outcome.

[grassfarmer]

Perhaps read this Senate report on the topic from a Conservative Senator from Alberta showing that Hutterites are being unfairly taxed at rates higher than the average farmer pays.

http://sencanada.ca/en/sencaplus/opinion/hutterites-deserve-fair-treatment-from-the-taxman-senator-tannas/ http://https://sencanada.ca/en/sencaplus/opinion/hutterites-deserve-fair-treatment-from-the-taxman-senator-tannas/

[Rareearth]

I’m sure that as a collective they would pay the next level of tax over the corporate Small business deduction limit of $500,000?

They are all individual or not?

Each enterprise, or if they all are under one umbrella should be taxed the same as other farms.

To be fair, they should be taxed the same as any other farm or corporate business!

They are nice people, that’s not the issue.

[Guest]

That's my plan too, sell to the hutterites when I retire. Then I phone all the greedy neighbors and remind them why I didn't sell the land to them.

why would you ever sell land ?
would like to rent mine to the youngest, most ambitious farmer there is here at the time .

[bucket]

weather has ****ed up more ambition on this farm than anything else.

[Rareearth]

I agree on the selling part, inflation proof income, ( unless your one that hopes for deflation)

But..

There is a reality that comes into place, every one passes on. All the assets during that life time must be sold, gifted, purchased, transfers to the next gate keeper.

Trusts only last 20 years. Colonies have some sort of special trust or corporate structure where they don’t have to rebalance, or reset the cost base?

If there is special status for religious reasons, one should then assess how how time and what resources are actually full time dedicated to 100 % religious activities. Like your vehicle used for personal and business, or your home office etc.,

Most religious activities are spiritual, very limited business income expense activities. My family dedicates Sunday’s to spiritual, family, community type activities. Plus meal times, holidays, etc, similar to home schooling.

Just want fair and equal with our Treaty 6 Indigionus.