Have a nice day and welcome to Sprout, where it’s National Lollipop Day, National Ice Cream Soda Day, and National Fortune Cookie Day. Here at Sprout we feel so fortune-eaten to have such wonderful readers!
Now here is the farming news today.
We start with the tax update. The House of Commons Standing Committee on Finance met again today to discuss the coming into force of Bill C-208, which amends the Income Tax Act.
Officials from the Canadian Federation of Agriculture were on the witness list you can find here.
Kady O’Malley of iPolitics has more on today’s meeting and how it initially went.
On Monday evening, the Department of Finance clarified the government’s intentions with respect to the bill, which it claimed is now Canadian law. The government confirmed that it still intends “to propose amendments to the Income Tax Act that respect the spirit of Bill C-208, while protecting against unintentional tax loopholes that could have been created by Bill C-208 â.
The changes, the finance ministry said, would address the following issues:
- The requirement to transfer legal and factual control of the company operating the business from the parent to their child or grandchild;
- The level of ownership in the operating company that the parent company can retain for a reasonable period after the transfer;
- The requirements and timing for the parent to transfer their involvement in the business to the next generation; and
- The level of involvement of the child or grandchild in the business after the transfer.
You can find the full press release here.
Around the city
Today is the last day for comments on the federal government’s proposal to increase the amount of glyphosate-based herbicide residues allowed on certain grains and pulses. CTV News has more.
Canadian government says it will reopen its borders to fully vaccinated travelers from the United States August 9. Here is Jeff Labine’s report.
Manitoba Agriculture Minister Ralph Eichler tweeted Monday that the province officially asked Agri-relance Help from Ottawa as dry conditions and high temperatures continue to affect crops.
The Canadian Forages and Grasslands Association has received $ 2.6 million in federal funding to support three projects that will assess and improve alfalfa growth using artificial intelligence and develop a carbon offset system for grasslands. Real agriculture has more.
Hundreds of properties in the southern tip of the Okanagan Valley in British Columbia, known for its many wineries, have been ordered to evacuate due to a rapidly growing forest fire. As CBC News reports, the wildfire is located between the towns of Oliver and Osoyoos, about 40 kilometers south of Penticton. Firefighters have said they expect other evacuation orders will be issued.
Almost 200 dairy cows were killed in a barn fire north of Montreal. As CBC News reports, Sunday’s fire was the third fire at the Mirabel farm since 1998. It is estimated that there was $ 4 million in damage.
Delegates from Latin America are expected to defend the region’s beef production later this month at a United Nations summit amid concerns over the environmental footprint of the livestock sector. Reuters has more.
British food industry seek clarity on how a new system that requires companies to request staff exemptions from the coronavirus self-isolation rules will work. BBC News reports.
A new study from AgHealth Australia has found that 15% of all farm deaths in Australia are in children under the age of 14. ABC News has more.
Meanwhile, a study from the University of Aberdeen in Scotland found that stress and fatigue were the main causes of agricultural accidents. BBC News has this story.
Politics looks at how bipartite pressure is rising in Washington, DC to prevent foreign nationals from buying American farmland as the United States works to reduce its economic dependence on China.
German officials have confirmed a third case of African swine fever in pigs for breeding in the Land of Brandenburg, in eastern Germany. Reuters reports.
Ice cream maker Ben and Jerry’s announced on Monday he will stop marketing his products in the occupied Palestinian territories. As Reuters reports, the announcement comes amid Palestinian pressure campaigns.
And the New York Times examines how food trucks and carts in the city depend on the return of people to their offices in order to realize significant profits.
A few days before the Tokyo Olympics, organizers are said to be anxiously watching the marine forest waterway in Tokyo Bay, which will host the canoeing and rowing events. The problem? Oysters. BBC News has more.