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
Grape Growers 40th Annual Celebrity Luncheon has Dr. Hayley Wickenheiser Thursday, July 17, 2025 The Grape Growers of Ontario’s marks the opening of the by showcasing Canadian personalities and celebrating the annual grape harvest. This year, in partnership with Meridian Credit Union, Ontario’s largest credit union and the third largest in Canada, the Grape Growers of Ontario... Read this article online
Ontario Funds 28 Agri Food Research Projects Thursday, July 17, 2025 Ontario has announced $5.4 million in funding for 28 innovative research projects at the University of Guelph, aiming to protect farmers, enhance the food supply chain, and foster environmental sustainability. This investment comes from the Ministry of Agriculture, Food and Agribusiness... Read this article online
Boost Crop Yields with Smart Fertilization Thursday, July 17, 2025 Soil testing is a valuable tool for managing crop nutrition, especially in Ontario where nutrient levels play a crucial role in crop yields. According to the Ministry of Agriculture, Food and Rural Affairs (OMAFA), fertilizer recommendations based on soil test results can vary depending on... Read this article online
HJV Equipment Now Full-Line PTx Trimble Dealer Thursday, July 17, 2025 HJV Equipment is thrilled to announce its designation as a full-line PTx Trimble dealer. This strategic move enhances the company’s capability to offer advanced precision agriculture technology, catering to the growing needs of modern farmers. As part of this expansion, HJV Equipment... Read this article online
Ontario Tender Fruit Season off to a Strong Start Monday, July 14, 2025 Ontario's 2025 tender fruit and table grape season is off to a promising start reports the Ontario Tender Fruit and Fresh Grape Growers. While the weather may be too hot for some farmers, it has has been ideal for producing a sweet and juicy crop. A cooler-than-usual spring delayed the... Read this article online