Reading Time: < 1 minute Wheat producers who pay checkoff through the Alberta Wheat Commission and do not request a refund are eligible for a 74 per cent tax credit through the Scientific Research and Experimental Development Fund (SR&ED) program for their investment in wheat research and development projects. For example, producers who paid $100 in checkoffs to AWC in […] Read more
Wheat producers can claim tax credit on checkoffs
Those who paid $100 in checkoffs to AWC in 2022 would earn $74 in tax credit
It’s tax credit season again
Reading Time: < 1 minute With tax season looming, producers are being reminded that they are eligible for a tax credit if they paid a checkoff for an organization that funds research. For example, the tax credit rate for canola producers for 2022 is 20.93 per cent (meaning a checkoff total of $1,000 generates a tax credit of $209.30). The […] Read more
Get an R&D tax break on your checkoff
Reading Time: < 1 minute It’s that time of year again for claiming tax credits on checkoffs. The Scientific Research & Experimental Development Fund (SR&ED) program encourages R&D investment by giving tax credits on eligible R&D work. The tax credit on checkoffs paid to Alberta Wheat for 2020 is 31 per cent; the tax credit for Alberta canola checkoffs is […] 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
Manitoba pulls less-loved ag tax credits in budget
More funding for agriculture innovation in Manitoba’s latest provincial budget will be offset in part by an immediate end for several of the less popular tax credits available for farm use. Provincial Finance Minister Cameron Friesen on Tuesday laid out a 2017-18 budget with an overall $840 million deficit, based on a four per cent […] Read more
Canola checkoff tax credit available
Reading Time: < 1 minute Canola growers who didn’t ask for a checkoff refund last year can get a tax credit for the 2016 tax year. The Scientific Research and Experimental Development tax credit covers the portion of the checkoff used for qualifying research. For Alberta canola producers, the credit is 9.77 per cent. For example, for an individual grower […] Read more
Tax credits available for checkoffs
Reading Time: < 1 minute Wheat producers who paid the Alberta Wheat Commission provincial checkoff and did not request a refund are eligible for a tax credit. For the 2015 tax year, 20 per cent of the checkoff is eligible for the federal Scientific Research and Experimental Development tax incentive program. The tax credit percentage is based on the dollar […] Read more
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
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