A director of the Canadian Federation of Agriculture says enough is enough when it comes to higher taxes.
Andrew Lovell adds if proposed tax changes from the federal government go through, it will be the eighth increase in taxes and fees in a year.
“And we can’t take anymore, if this keeps happening, we will be importing our food from the United States, and we won’t have the money that farmers spend rolling around in our economy being taxed four, five, six times,” says Lovell.
We asked him if the 75 day consultation period is too fast.
“It’s absolutely too fast, but that’s typical of what I’ve seen over the last year from this government, they’ve been releasing things on Saturdays, on weekends, and trying to get as little uptake from any media as they possibly can,” accuses Lovell. “They’re really trying to pull the rug over everybody’s eyes here.”
Lovell says margins are so thin for farmers already that this increase in taxes could put them out of business entirely.
Farmers use tax planning to build resilient businesses. Proposed changes mean uncertainty for #CdnAg. Get involved: https://t.co/7WemXPALte pic.twitter.com/cDGK2BKfNF
— CFA (@CFAFCA) August 29, 2017
