Jockey Club Calls for Suspension of Section 31 for 2019/20 Tax Filings

It is difficult enough to be a farmer in Canada without the federal government working against you. Unlike other Canadian business operators, farmers, including horse racing businesses, are subject to special rules set out in section 31 of the Income Tax Act of Canada that severely restrict the deductibility of losses against other sources of … Continue reading Jockey Club Calls for Suspension of Section 31 for 2019/20 Tax Filings