GFM Network News

Tax credit available for canola checkoffs

Tax credit available for canola checkoffs

Reading Time: < 1 minute Canola growers who haven’t requested a refund of their checkoff from the Alberta Canola Producers Commission qualify for a tax credit. The Scientific Research and Experimental Development (SR&ED) tax credit allows canola growers to claim the credit for the portion of the checkoff paid that was used to fund qualifying research. “Farmers are funding research […] Read more


Alberta potato producers back non-refundable checkoff

Reading Time: < 1 minute Alberta potato farmers have overwhelmingly voted to make their checkoff non-refundable. In a recent plebiscite, 56 producers (82.3 per cent) voted in favour of making the service charge non-refundable. There were 11 opposing votes and one spoiled ballot. There are about 140 licensed potato growers in the province, cropping about 53,000 acres (mostly processing potatoes) […] Read more

Checkoff tax credits available for farmers

Reading Time: < 1 minute Alberta Barley advises farmers that 17 per cent of their 2017 checkoff payment is eligible for the Scientific Research & Experimental Development (SR&ED) tax credit. Farmers must include Form T661 with their tax return along with either Form T2SCH31 (incorporated businesses) or Form T2038 (individuals). Farmers can learn more about the SR&ED program by visiting […] 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