Farms.com Home   Ag Industry News

Tax revenue vs use study in Mapleton

Tax revenue vs use study in Mapleton

By Andrew Joseph, Farms.com, Image by Siggy Nowak from Pixabay

Per an article appearing in the Toronto Star on December 6, 2021, the Ontario Federation of Agriculture is working alongside the Wellington Federation of Agriculture (WFA) examining the costs of performing community services in the town of Mapleton, Ontario—specifically if farm taxes can support its own local and government services.

Different types of land—residential vs farm—are taxed differently, though homes on a farmland are taxed as residential.

The study seeks to examine how farmland and its taxes for local government can provide services for those categorized as being part of the agricultural tax class.  

The WFA is hoping the study will allow ag communities such as Mapleton to utilize farmland tax revenues for municipal needs to help maintain infrastructure projects such as roadways or bridges—things it appears the farm communities utilize, in this case, more than the more residential community.

In the early stages still, the study is not yet looking at an actual budgetary aspect.

The study will continue for at least the next two years.


Trending Video

Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.