Income tax changes needed to help keep farms affordable, farmers say

Manitoba farmers are calling for changes to the federal Income Tax Act to make farm succession easier and keep farms affordable within families. Their key request is to extend capital gains deferrals to transfers involving nieces and nephews, not just the next generation. The article is policy-focused and does not indicate an immediate market-moving development.

Analysis

Manitoba farmers are calling for changes to the federal Income Tax Act to make farm succession easier and keep farms affordable within families. Their key request is to extend capital gains deferrals to transfers involving nieces and nephews, not just the next generation. The article is policy-focused and does not indicate an immediate market-moving development.