Tag Archives: changes to capital gains

FISH-NL says proposed Liberal tax changes will hurt inshore harvesters when they sell out; drive up the cost of licences 

FOR IMMEDIATE RELEASE Monday, Sept. 25th, 2017 The Federation of Independent Sea Harvesters of Newfoundland and Labrador (FISH-NL) says proposed federal tax changes will negatively impact many inshore harvesters when they sell out. “Harvesters do not have pension plans so the money from the sale of their licence is their retirement plan,” says Ryan Cleary, President of FISH-NL. “The changes to capital gains will mean many inshore harvesters will have less to live on in their retirement years, which may actually drive up the cost of fishing licences.” click here to read the story 09:27