Latest news on the 2018 Federal Budget
The federal government tabled the 2018 Federal budget on February 27. CFA noted a distinct lack of agriculture content in the budget, and stated that it was underwhelmed by the budget in a media statement. While CFA has been assured that further developments supporting agriculture are on the way, they will continue to work with the government to ensure that proper support is given to the agriculture industry in order to meet the ambitious growth target of increasing exports to $75 billion by 2020 which was set in the 2017 Federal Budget.
Background: Read CFA’s submission for the 2018 Federal Budget
Several consultations were undertaken during the lead up to the 2018 Federal Budget to gather recommendations on how federal dollars should be spent. CFA submitted a series of proposals to help inform the budget process.
CFA released the recommendations below in order to help unify the message being sent to the government from farmers across the country. The recommendations were prepared based on input from CFA members. Members were urged to bring up these recommendations during any opportunities they had to engage with their MPs, as well as to use it while filling out the surveys available at the “Your Budget 2018” web site.
CFA recommended targeted funding
1) Funding that aligns with a long-term vision for agri-food growth. Since Budget 2017, Canada’s agri-food industry has mobilized to position itself for unprecedented growth. CFA calls for an increased federal funding envelope for the Canadian Agricultural Partnership in recognition of the greater demands facing the sector and the growth mandate set in Budget 2017. Funding is also required for supporting the government’s implementation of A Food Policy for Canada.
2) Tax policies to support both current and future farmers. With proper design and implementation, Canada’s tax policy could be leveraged to allow farm businesses to capitalize on global and domestic growth opportunities, while reducing the sector’s carbon footprint. A range of tax policies must be carefully studied to remove constraints in succession planning for family farms. Legislation has not evolved to respond to the rise in family farm incorporation or the multiple families supported by larger operations.
3) Regulatory services that facilitate global competitiveness
Regulatory departments and agencies should be equipped in order to provide service at the speed of business. Government should make the necessary internal investments in staffing and streamlining administration in order to support fast, electronic (where possible) and seamless service delivery across departments. As well, the government should analyze the regulatory barriers across value chains and take follow-up actions that streamline regulations, which will help entice investment in Canada’s clean technology, biotechnology and agricultural sectors.
4) Supporting vibrant rural communities
By ensuring that federal policies respond to the challenges confronting our rural communities, there is great potential to drive growth in Canada’s agriculture sector and create further economic opportunities for millions of rural Canadians.
See details about Budget 2017
The 2017 Federal Budget was tabled in Parliament on Mar. 22, 2017. Read our news release for highlights.