GFM Network News

Farmers tangled in red tape

Reading Time: < 1 minute Government rules and paperwork hit farmers harder than other small business owners, according to a survey by the Canadian Federation of Independent Business. Three in four farmers surveyed cited government regulation and paperwork as serious concerns for their business, versus 69 per cent of businesses in other sectors. Among the “alphabet soup of regulations and […] Read more

That work you hate pays very well

That work you hate pays very well

If you’re still running the farm on a cash basis, you’re tying one hand behind your back

Reading Time: 2 minutes Nearly three decades ago, a study of farmers’ work priorities found — to no one’s surprise — that record-keeping ranked well behind field work; buying and selling machinery and crops; and equipment repair. Only 16 per cent hired outside help for record-keeping, 50 per cent did it themselves and 20 per cent named their spouse […] Read more

tax forms

Tax credits for checkoffs

Reading Time: < 1 minute Alberta producers who have paid checkoffs through the provincial wheat, barley, pulse and canola commissions are eligible for a scientific research tax credit. In the case of wheat, nine per cent of checkoffs are eligible for a tax credit, which is based on the amount invested in R&D that meets the criteria laid out by […] Read more

canola oil in a laboratory flask

Canola checkoff brings tax credit

Reading Time: < 1 minute Alberta canola growers who don’t request a checkoff refund qualify for a tax credit for the 2014 tax year. The Scientific Research and Experimental Development tax credit allows growers to claim the tax credit for the portion of the checkoff paid used to fund qualifying research. The rate for Alberta canola producers in 2014 is […] Read more