A Very Messy Situation : Controversial Bill C-10 Now Before the Senate theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
A private member's bill aimed at facilitating intergenerational transfers of small businesses and farms has moved one step closer to becoming law. After passing third reading in the.
REGINA Saskatchewan farmers are showing their support for Bill C-208, which recently passed its third reading in Canada’s House of Commons. The bill, which was introduced by Manitoba Conservative MP Larry Maguire, will make it more affordable for producers to sell their farms to a family member, instead of selling it to a non-family member. “I’m trying to level the playing field for families and small businesses,” said Maguire. “The tax system today is very detrimental to them selling it to their own families, as opposed to a complete stranger.” Maguire said currently, when a producer sells their operation to a family member, the difference between the sale price and the original purchase price is considered a dividend. If the producer sold to a non-family member, the sale is considered a capital gain, which is taxed at a lower rate than a dividend.
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Setting the Hydro stage
Doesn’t the present Manitoba Conservative government have more important things to do than setting the stage to ultimately privatize Manitoba Hydro? They currently want to limit the Public Utilities Board that oversee hydro rates to five-year intervals instead of one. This sets the stage for immediate, exorbitant hydro rate increases to substantially lower Manitoba Hydro’s debt making it desirable for future (sale) privatization. Boy oh boy, I can’t wait for that to happen! Whippee! Recently, everyone should remember what happened in Texas with consumers having to pay huge electricity bills to a private company during a recent power failure. Now that the car manufacturers are moving toward producing less polluting electric-powered vehicles, it’s going to be a “cash cow” for electricity providers. Thank goodness, the NDP is reminding all Manitobans that the Conservatives have this on their agenda.