Resolved, that KAP lobby the Government of Canada to treat non-arm’s length transactions the same as arm’s length transactions of farm property transfer for the purposes of valuing for taxation
Update
KAP continues to highlight the disparity, particularly for intergenerational farm transfers, where non-arm’s length rules can create tax burdens despite familial intent to maintain agricultural operations. KAP forwarded this resolution to CFA.
Links
Categories:
Economic & Financial Policy