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e-1142 (Tax system)
- Keywords
- Grain and grain growing
- Tax deferral
E-petition
Initiated by Gregory Sears from Sexsmith, Alberta
Original language of petition: English
Petition to the Minister of Finance
Whereas:
- Canada’s grain farmers play an essential role in feeding our nation and forming the basis of our rural economies;
- Farming by its very nature is cyclical, weather dependent and subject to logistical uncertainty, resulting in varied production and delivery;
- The current income tax deferral available to farmers holding deferred cash purchase tickets enables farmers to more predictably and efficiently report their income;
- It can be demonstrated that the existing cash ticket deferral provisions do not, on long term average, provide significant preferential tax treatment and, in fact, keep grain farmers whole relative to other Canadian businesses; and
- The current cash ticket deferral provisions effectively de-couple delivery and payment timing to promote efficient use of domestic value chain assets including elevator, railway and port facilities.
We, the undersigned, residents of Canada, call upon the Minister of Finance to maintain an effective tax environment for farmers by ensuring tax predictability and stability for farmers in their unique system of production and abandoning any plan to eliminate the income tax deferral available to farmers holding deferred cash purchase tickets
- Open for signature
- June 21, 2017, at 11:17 a.m. (EDT)
- Closed for signature
- October 19, 2017, at 11:17 a.m. (EDT)
