Tag Archives: Canada Revenue Agency

Fisheries policy will destroy the industry it set out to protect – Preserving the Independence of the Inshore Fleet in Canada’s Atlantic Fisheries

The plan was to prevent “corporations” from owning harvesting licences. Much to the surprise of the Department of Fisheries and Oceans and Canada Revenue Agency, most of the individual fishermen holding licences had already incorporated and took the revenue through a business while the licence was held by an individual. A blind eye here, a pen stroke there and the past was forgotten and the first concessions made — some corporations could hold licences. “One boat, one licence” is an idealistic perspective of fairness and independence. Fleet separation was to establish the rule that fishermen fish, and processors process. It is also one blurred by more concessions. continued

N.S. First Nation wins tax exemption on fishing income

The Canadian Press – ESKASONI, N.S.  A Nova Scotia First Nation says a move by the Canada Revenue  Agency to exempt tax on income earned from fisheries signals a step toward the  recognition of aboriginal rights. continued