Canada's Tax Laws Slammed As "Restrictive And Unfair" October 21, 2025 Ontario Racing (OR) released a column on Tuesday, Oct. 21 discussing the negative impact of Canadian tax laws on the provincial horse racing industry.
Notice To Members Regarding Impending Tariffs March 12, 2025 On March 4, 2025, the United States enacted a 25 per cent blanket tariff on all Canadian goods entering the country. While the measure has been tabled until April 2, if implemented, it will apply to p...
Update On New Process For Importing Horses To Canada April 23, 2024 On Friday, April 19, the Canada Border Services Agency (CBSA) provided an update on its plans for the launch of the CBSA Assessment and Revenue Management (CARM) digital initiative, which will moderni...
Notice Regarding Importing Horses To Canada April 11, 2024 The Canadian Government, in collaboration with Canada Border Services Agency (CBSA), is introducing a new mandatory system aimed at streamlining the process for handling and tracking taxable imports. ...
Tax Changes Could Hit Farmers September 25, 2017 Proposed changes to the federal tax system were announced this summer, and the changes could directly affect Canadian farmers and family farm corporations in a huge way if the new rules ultimately get...
Pari-Mutuel Tax Bill To Full U.S. Senate July 08, 2016 The U.S. House of Representatives approved the fiscal year 2017 Financial Services and General Government Appropriations bill Thursday evening (July 7) that includes report language detailing Committe...
MA Allots More Funds For S-Bred Racing June 23, 2016 It has been reported this week that changes in the way Massachusetts distributes revenue it rakes in via slot machine taxes will provide a financial boost to the state’s harness racing industry.
Tax Issue Key To Northside’s Future June 06, 2016 Officials from Northside Downs and the Cape Breton Horsemen’s Association are concerned that the future of racing at the track could be in jeopardy if issues surrounding taxation are not addressed.
KY Committee Passes Tax-Break Bill February 11, 2016 On Wednesday, February 10 in Kentucky, the House Agriculture and Small Business Committee voted in favour of a piece of legislation that calls for taxes on agricultural items related to the horse raci...
Key Incentives Finalized In US House December 16, 2015 On Tuesday, December 15 in the United States, important tax incentives for horse owners, including a key provision that extends three-year tax depreciation for all racehorses through 2016, were finali...
Pari-Mutuel Tax Reduction Revised March 10, 2015 The allocation of standardbred horse people’s share of the Pari-Mutuel Tax Reduction (PMTR) funds will be revised, following a request from the Ontario Horse Racing Industry Association (OHRIA).
Illinois Tracks File For Bankruptcy December 24, 2014 Balmoral Racing Club, Inc. and Maywood Park Trotting Association, Inc., two of the oldest horse racing venues in the country and the only harness racing tracks in Illinois, announced today that each h...
Three-Year Tax Depreciation For Horses December 16, 2014 A provision that retroactively extends three-year tax depreciation for all racehorses was passed by the United States Senate on Tuesday, December 16 as part of bill H.R. 5771, the Tax Increase Prevent...
