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Tag Archives livestock tax deferral

Livestock

Livestock producers receive tax relief for 2019

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Reading Time: < 1 minute Drought in Western Canada and Quebec has prompted the federal government to release an initial list of regions eligible for livestock tax deferrals. The livestock tax deferral provision allows livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2019 sale proceeds of breeding livestock until 2020 to help […] Read more
Crops, Livestock

Cash ticket deferral option to remain unchanged

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Reading Time: 2 minutes The federal government is leaving its deferred cash purchase ticket policy unchanged. When listed grains (wheat, oats, barley, rye, flax, canola, rapeseed) are delivered for payment at a licensed elevator, an elevator operator can issue either a cash purchase ticket or a deferred cash purchase ticket, payable in the year following the year in which […] Read more
Crops, Livestock

Feds announce tax support for farmers

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Reading Time: < 1 minute In a news release distributed today linked to Budget 2017, Agriculture and Agri-Food Minister Lawrence MacAulay announced tax relief to help farmers who received compensation under the Health of Animals Act from livestock destroyed due to the bovine tuberculosis outbreak in 2016 and 2017 in Alberta and Saskatchewan. The federal government also released its 2017 list of designated regions for livestock […] Read more

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