The Standing Committee on Agriculture published its report this past Tuesday on the Advancements of Technology in the Agriculture Industry to support Canadian Exports.
AEM participated in the study and is pleased with the recommendations reflect in the report. This includes addressing labor shortages to increase capacity in equipment manufacturing, enhanced regulatory cooperation with its foreign partners and improved access to broadband internet in rural farming communities.
Related to tax measures, AEM is encouraged that the Committee recommends for the Government to simplify the application process for the Scientific Research and Experimental Development Program (SHRED), as well as expediting the tax deduction process for the acquisition of new agricultural equipment. The Committee also believes that the Government of Canada review Canada’s Income Tax Act to address the competitive imbalance between Canadian farmers and Canada’s main trade partners.
AEM continues to engage members of Parliament after the hearings, regularly providing additional industry input. To learn about AEM’s Canadian advocacy efforts, please contact AEM Director of Government Relations Alex Russ (aruss@aem.org, tel: 202-898-9006).
To see the Standing Committee on Agriculture and Agri-Food Report on the Advancements of Technology and Research in the Agriculture Industry that can Support Canadian Exports, visit https://www.ourcommons.ca/DocumentViewer/en/42-1/AGRI/report-15/
To see AEM’s submission to the Standing Committee on Agriculture and Agri-Food, visit https://www.aem.org/AEM/media/docs/Advocacy/Standing-Committte-Agriculture.pdf
For more updates on AEM advocacy efforts, subscribe to the AEM Industry Advisor.
