Winnipeg Free Press

Winnipeg Free Press (Newspaper) - November 5, 1981, Winnipeg, Manitoba Winnipeg free november 1981 9 i Ovid v cd j Pawley says nip government would Aid family Farmers by Ingeborg Boyens Winnipeg free press Selkirk Manitoba family Farmers would be exempt from Provin Cial capital gains tax when they sell their land if an nip government was opposition Leader Howard Pawley told Pawley said his if it won the 17 would forgo its 54 per cent share of taxes on land sales prof the proposed tax Reform would encourage the Sale of farms to Young Farmers who otherwise afford to he this demonstrates the new demo cratic party commitment to develop ment and the survival of the family Pawley told reporters in his Selkirk constituency the new tax similar to those already in place in Sas Katche would Cost the Manitoba govern ment about million a Pawley said the Price of the program would be offset by the higher farm revenues resulting from increased farm the party Leader said the nip still fully supports the principle of Capi election Tal gains tax on concentrations of wealth in this measure does not Compromise that he under existing Farmers Are now exempt from capital gains tax Only if they turn Over their agricultural property to their sons and so Farmers wishing to quit the business have to sell to wealthy foreign or local investors who can pay a Price that makes the capital gain Pawley said about of Manito Bas farms have disappeared through consolidation and foreign buy ing since the conservatives took Over in the profits a Homeowner earns on the Sale of his principle residence Are not subject to capital gains capital gains tax is levied by the Federal government on 50 per cent of the increased value of the land Over the past 10 the provincial govern ment earns an additional 54 per cent on top of what Ottawa limit on size Pawley said foreign investors and Canadian companies Benefit from his proposed tax Cut since the nip plans to limit the Sale of farms larger than a still unspecified size to recent amendments to the agricultural lands Protection act have resulted Only in cosmetic changes that still permit speculation by foreign in he nip spokesmen said family farms will also be defined for the new propos Al to ensure that wealth corporations and Hobby Farmers dont Benefit from the tax Pawley said he saw no need for the re imposition of the succession duties and gift taxes that were abolished by the tories in an attempt to relieve the tax Burden on Manitoba i see no argument for the resumption of the tax or the inheritance tax in he Interlake seemed dubious about the potential Impact of Hawleys tax Reform Stanley Wasylowski said most Young Farmers cant afford to buy a farm anyway with High interest rates and the Cost of they cant even think of affording to these he Wasylowski said he could almost cry when he considers the future of his soon graduate there is no future in Wasylowski was one of about 20 beef producers who in their stocking in the living room of Komarn area cattle Fanner Walter Bodnaruk Home to Lay out their com plaints for Peter said he is among the youngest of the banners in the most of the Young people have had to their parents farms because stay ing Doest make economic he Letchko said his production costs Pawley Aid for Farmers have risen by about 500 per cent during the past five yet cattle prices have increased by Only 100 per the mixed produce Farmer said he wont be buying anymore feeders this fall to augment his 100head the Only thing that keeps us going is the Dairy if it want for our Dairy i dont know where wed he save an extra to a year tax savings Are not Only for the Rich youve often heard of tax savings methods that seem to work Only for the what you probably Haven heard is How you might save to or More without investing a or How you can reduce mortgage costs by one third to one Mac tax seminars Are different if you earn or More they Are probably the most profitable you will Ever for information about november seminars simply leave your name and address with our 24 hour electronic reservations number phone 2332006 or write Mac tax seminars 22 Dunkirk r2m ov3 Hope Doest pay our one Farmer said he has had to Send his wife out to work to help him keep the but this months Gas Bill still Hast been the Dps Gimli John said countless beef producers in the Interlake have had to take up driving school buses Par time while their wives take jobs in the local Hospital or Paul Wasylkiw said other Farmers Are just giving up and Selling their land to out town Wasylkiw said there must be some National beef stabilization plan to ensure that producers dont go Only larger feedlot operators Are opposed to a plan that might limit their Letchko said a provincial program would have to be voluntary and would have to adjust income according to rising production Pawley gave the Farmers his Assur Ance that an nip government would come to their Aid quickly with an income Assurance program similar to i dont mean 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