Proposed new tax reforms by the Canadian government could affect highly paid professionals as well as farmers. About 25% of all farms are family owned, and the number has gone up in recent times due to tax advantages. The government states that the reforms are aimed at wealth tax avoiders. Something that will adversely affect farmers is limiting of capital gains exemptions allowed. This could significantly increase the tax burden on family farms which use family members to reduce capital gains tax when selling land to their children.

Read more: After the fall harvest, Canadian farmers could face huge tax hit from new rules