GFM Network News






Tax credit for canola checkoffs

Alberta Canola is reminding its members that they can get a tax credit on a portion of the checkoffs they paid in 2017. The Scientific Research and Experimental Development tax credit allows canola growers to claim the portion of the checkoff used to fund qualifying research. “Farmers are funding research into finding solutions to agronomic […] Read more



The lowdown on tax filing for farmers

That time of year is coming around again — here are some things to bear in mind as you prepare your tax return

If you raise a few farm animals or have a plot to grow your own food, you are considered a hobby farmer, rather than a business, and you can’t deduct any expenses or losses. But if you devote the majority of your time to farming by investing in buildings, machinery, and inventories to run the […] Read more


Farm business tax credits on tap in Manitoba budget

Expansions and extensions for tax credits of use to Manitoba farmers and small agribusinesses were laid out Thursday in the province’s latest budget. Finance Minister Greg Dewar’s plan calls for an expansion of the province’s small business venture capital tax credit, broadening its list of eligible businesses to include “non-traditional farming” ventures, as well as […] Read more

Tax credits for checkoffs

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


Prairie crop checkoff tax credits pegged for 2014

Prairie crop growers who are preparing their returns for the 2014 tax year and didn’t ask for refunds on their crop checkoffs may be able to see some of those funds come back in tax credits. Some crop commodity groups’ checkoffs qualify for the federal Scientific Research and Experimental Development (SR+ED) tax credit, which can […] Read more