AIC’s Parliamentary Updates brings you weekly summaries and analysis of what’s happening on Parliament Hill that is relevant to the agriculture and agricultural research community.
Thursday, 22 July 2021
July 15 – Federal-Provincial-Territorial Ministers of Agriculture: Readout of Virtual Meeting. Canada’s Ministers of Agriculture met by video conference to discuss several key areas of interest for Canada’s agriculture sector, as a lead-up to their Annual Conference in September. The topics of discussion included the next Agricultural Policy Framework (successor to the Canadian Agricultural Partnership, which expires on March 31, 2023), prevention of and preparedness for the threat posed by African Swine Fever, potential long-term improvements to the suite of Business Risk Management programs (BRM), and setting the stage for a strong and sustainable future. For more information, click here.
July 19 – Government of Canada clarifies taxation for intergenerational transfers of small business shares. The Deputy Prime Minister and Minister of Finance affirmed that Bill C-208 has been passed by Parliament, received Royal Assent, and has become a part of Canada’s Income Tax Act. The changes contained in this legislation now apply in law. For more information, click here.
July 19 – Government of Canada gives boost to the local dairy industry in the Eastern Townships and Centre-du-Québec. The Minister of Agriculture and Agri-Food announced investments totalling over $535,000 for three projects with Quebec dairy processors that will help boost production and capacity. Minister Bibeau made the announcement during visits to two of the dairy processors, emphasizing that the dairy industry is a vital part of the local rural economy, and the Government of Canada is investing so the dairy industry is well-positioned for sustainable future growth. For more information, click here.
July 19 – Government of Canada invests $2.6 million to improve alfalfa growth and develop a grassland carbon offset system. The Minister of Agriculture and Agri-Food announced an investment of over $2.6 million to Canadian Forage and Grassland Association to support three projects that will assess and improve alfalfa growth using artificial intelligence and will develop a Canadian grassland carbon offset system. Alfalfa is a key forage crop producers rely on to capture and fix carbon, return nutrients to the soil and improve soil health. For more information, click here.
July 21 – Minister Bibeau and MP Schiefke highlight $5 million investment in new state-of-the-art hog processing facility near Vaudreuil. The Minister of Agriculture and Agri-Food and the Member of Parliament for Vaudreuil–Soulanges highlighted an investment of up to $5 million that helped CBCo Alliance increase capacity at its new hog processing facility in Les Cèdres, Quebec. This investment, made through the Emergency Processing Fund, supported infrastructure upgrades and the purchase and installation of advanced processing equipment to increase productivity and boost production capacity. For more information, click here.
House of Commons and Senate Proceedings
The House of Commons has adjourned for the summer and will be back in session on September 20.
The Senate has adjourned for the summer and will be back in session on September 20.
The House of Commons Committee on Finance had an emergency meeting to discuss the coming into Force of Bill C-208, An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation).