Alberta’s greenhouse industry says a new federal tax program could make expansion easier, but it might not help to lower food prices.
Ottawa announced Monday it will allow producers who buy or build new facilities to more quickly write off the cost of capital expansions on their taxes — a change from the current rules that limit write-offs to 10 per cent each year.
That could improve cash flow projections, perhaps tipping the scale in a project’s business case.
But tomato, cucumber and pepper producers stress that operating costs have a bigger impact on food prices than capital costs.
Nationalize grocers.
Do telecom while you’re at it.
I am in support of helping Canadian businesses, especially in the current political climate. What I am not so confident in is the willingness of food suppliers to pass savings along all the way to the customer. Grocery stores have used inflation and price fixing tactics here for far too long for them to have earned my trust. Grocery stores must be seriously audited and regulated accordingly. By all means, make a profit - no brainer. But your profits now are bolstered by hurting 99% of Canadians who need food to survive.
No. It will not help. Maybe in a competitive market it might, but Canada has been nursing an oligopoly for decades now, and oligopolies set their own prices based on what the public will tolerate.
Lowering prices requires either (a) breaking up the giants, or (b) offering a publicly-run alternative that somehow bypasses the vertically integrated supply chain.
I will buy something grown in Canada over something from the US even if it’s double the price.
So instead of going after the BIG grocers who are raking in all the profits, Carney has decided to offer minimal help to greenhouse growers?
Jfc. :(
Betteridge’s law of headlines is an adage that states: “Any headline that ends in a question mark can be answered by the word no.”
