Minimum Income Requirements for Farm Classification

Whereas the Classification of Land as a Farm Regulation establishes minimum gross income requirements for farm operations to be classified as Farm under the Assessment Act, that were last increased in 1993; And whereas farm property tax reform that confers tax benefits to farm operations would help to encourage farming and support local food security: Therefore be it resolved that UBCM call upon the Province of BC to amend the Classification of Land as a Farm Regulation to increase the income thresholds to achieve Farm classification, to a single minimum gross farm income of 7,000; And be it further resolved that UBCM call upon the Province of BC to review the income thresholds at least every five years.