Glacier FarmMedia—The Conservative Party of Canada is promising to cut taxes affecting farmers and create a farmland protection plan in its federal party platform, released Tuesday morning.
The policies laid out by the Tories include a plan to “scrap the capital gains tax hike and axe the tax on reinvestment in Canada” as well as to eliminate all carbon pricing “on everything, for everyone, for good.”
Read Also
Farm cash receipts rise in first half of 2025 on livestock gains
Farm cash receipts in the first half of the year were up 3.3 per cent over the same period last year buoyed by livestock receipts. Overall receipts between January and June totalled $49.6 billion, up $1.6 billion from the same period last year, Statistics Canada reported.
The Liberal party has also promised to scrap an increase to the capital gains inclusion rate and the consumer carbon price, but not carbon penalties for industrial emitters.
Also on the Conservatives’ cutting board is the planned food packaging tax on fresh produce.
The plan also promises the launch of a “tax reform task force” within 60 days of forming government, “made up of farmers, builders, entrepreneurs, economists and workers.”
As part of the plan to “End Foreign Influence and Economic Dependence,” the Conservatives are promising to pass a Farmland Protection act. Per the policy plan, this will help to prevent foreign governments from buying up Canadian farmland. It will also report on how much farmland is already owned by foreign governments and corporations.
The Conservatives also plan to maintain tariffs on strategic Chinese imports.
