Provincial tax exemption helps next generation Tuesday, October 21, 2008 by BETTER FARMING STAFFAn Aylmer accountant says people with incorporated farm operations who are making succession plans will benefit most from a new farm exemption under the provincial land transfer tax.“We’ve had some partnerships that became incorporated and in the past there was no way to get around the land transfer tax,” says Alan Enns of Graham Scott Enns, LLP. “It (the tax) was almost discriminatory towards partnerships as opposed to individuals so I think that (the new change) levels the playing field.”In 2004, the province exempted farms passed between family members or transferred to a family-owned corporation from the tax. On Oct. 10, it extended the exemption to farmland transferred to one or more family members from a family farm corporation.Enns says he has clients nearing retirement whose land is held by a company. They have downsized their farms and “the parents just want to retire and wind the company up.”The new exemption “should save them some money.”For a family transferring a farm valued at $500,000, those savings would amount to nearly $6,000, says the provincial news release announcing the exemption.“Ensuring the smooth succession of the family farm supports the continued participation of new generations of Ontario farmers and supports the prosperity of rural Ontario,” says provincial agriculture minister Leona Dombrowsky in the release.The exemption takes effect retroactively for qualifying farm transfers after Mar. 25, 2008. BF Pigeon King explains switch from sport birds to squab Holland Marsh growers protest energy plant proposal
Festival of Guest Nations returns to Leamington Thursday, September 18, 2025 On Sunday, September 14, 2025, Seacliff Park in Leamington, Ontario, will come alive with music, food, and celebration as the Festival of Guest Nations returns to honour the migrant worker communities who play a vital role in Essex County’s agricultural economy. With more than 20 years... Read this article online
Ontario’s most problematic weed -- Canada Fleabane Cuts Corn and Soybean Yields Wednesday, September 17, 2025 At the , Dr. Peter Sikkema of the University of Guelph highlighted the persistent challenge of Canada fleabane, one of Ontario’s most problematic weeds. Once easily controlled with glyphosate, the weed has now developed resistance not only to glyphosate but also to multiple herbicide... Read this article online
Augusta Van Muyen selected as the 67th Grape King Wednesday, September 17, 2025 Grape Growers of Ontario and Farm Credit Canada have announced that Lincoln vineyard manager Augusta Van Muyen has been chosen by her peers as the . Currently, the vineyard manager at Tawse Winery, Van Muyen, followed a path to success that took her across Ontario and the world.... Read this article online
Grain Growers of Canada calls on Carney to Prioritize Upgrades to the Port of Vancouver Wednesday, September 17, 2025 Grain Growers of Canada (GGC) is calling on the federal government to urgently prioritize major upgrades to the Port of Vancouver and its connecting rail infrastructure. The organization warns that without these improvements, Canada’s economic growth and global trade reliability are at... Read this article online
Strategies to Optimize Market Returns in Ontario Monday, September 15, 2025 Berkley Fedorchuk, grain marketing specialist with Hensall Co-op in Southwestern Ontario, recently shared insights into the current corn market and strategies for forward marketing during his presentation at the . With a focus on the Ontario and Eastern Canadian grain sectors,... Read this article online