News

Ottawa Drops Proposal to Eliminate Deferred Cash Purchase Tickets
Nov 07, 2017

The federal government has decided to not make any changes to how it treats deferred cash purchase tickets for grain after proposing in the 2017 budget to potentially eliminate the option.

Many farm groups voiced their opposition to the idea of dropping the income tax deferral mechanism during consultations held in spring and early summer.

“The Government has carefully considered all the submissions received during the consultation, and will maintain the current tax treatment of deferred cash purchase tickets…,” said a statement from Agriculture and Agri-Food Canada, issued on Monday.

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