GFM Network News

Agriculture and Agri-Food Canada’s map of deferral-designated areas for the 2018 tax year as of Oct. 25, 2018. (

Unusual third assessment run for livestock tax deferrals

In an unusual move, Agriculture and Agri-Food Canada has undertaken a third assessment for the federal livestock tax deferral. “Federal officials are currently finalizing the analysis to identify whether any additional regions have met the criteria for the livestock tax deferral,” AAFC spokesperson James Watson said. Under the deferral plan, cattle producers affected by severe […] Read more

Ten more counties eligible for tax relief

Ten more counties eligible for tax relief

Livestock tax deferral program assists livestock producers who had to cull their herd this year

Reading Time: < 1 minute Another 10 Alberta municipalities are now eligible for the federal government’s livestock tax deferral program. Agriculture and Agri-Food Canada’s initial list of eligible municipalities issued in September has been expanded to include many counties passed over the first time. Municipalities are only eligible for the program if forage yields fall below 50 per cent of […] Read more

Dry conditions this summer have seen water in many dugouts go unreplenished.

Have you been affected by drought?

Reading Time: < 1 minute Agriculture and Agri-Food Canada is currently collecting information on conditions and impact of the drought in Western Canada. It’s asking producers to take an online survey, which takes about three minutes to complete. “This information helps justify and document the necessity for programs such as Livestock Tax Deferral,” it said, adding the results will be […] Read more

Dodging the taxman may be costing you

Paying some tax makes sense, but cash deferrals and pre-buying inputs don’t always, says accountant

Reading Time: 3 minutes Some of the farmers Rob Strilchuk works with seem to think that $1 is too much tax to pay. “I have clients who spend $100 to save $15 in tax,” said the MNP accountant. “I get it. I don’t want cash to go to Revenue Canada for any of my clients, either. But there is […] Read more

cattle with mountain background

Feds announce tax support for cattle producers

Measures will assist those hit by bovine TB outbreak and in areas affected by drought

Reading Time: < 1 minute Alberta and Saskatchewan cattle producers affected by bovine TB outbreak in 2016 and this year will receive additional tax relief. 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 are eligible for livestock tax deferral provisions. These allow them to defer a […] Read more

Alberta Wheat fighting to keep tax deferral

Alberta Wheat fighting to keep tax deferral

Ottawa is missing the point when it says grain farmers shouldn’t get a special tax break, says Alberta Wheat chair Kevin Auch

Reading Time: 3 minutes A tax break for grain farmers that Ottawa is considering taking away is deserved and benefits the entire grain sector, says the chair of the Alberta Wheat Commission. “I guess we are asking for special tax treatment but it’s because of our special circumstances,” said Kevin Auch. Following its recent budget, the federal government said […] Read more

Hereford calf on a snow

Drought-hit tax deferral zones named

In some areas, this is the second year in a row where a lack of feed forced the sale of breeding stock

Reading Time: 2 minutes The federal government is offering ranchers in parts of Alberta hit by drought deferrals on their 2016 income tax from breeding livestock sales. The areas include Clearwater, Lethbridge, Mountain View, Red Deer, Rocky View, Vulcan and Wheatland counties; the municipal districts of Bighorn, Foothills, Pincher Creek, Ranchland and Willow Creek; the Municipality of Crowsnest Pass; […] Read more

(Photo courtesy Canada Beef Inc.)

Drought-hit tax deferral zones named

Ottawa has seen enough drought in parts of southwestern Alberta, southern and eastern Ontario and southwestern Quebec to offer deferrals on their ranchers’ 2016 income tax from breeding livestock sales. Agriculture Minister Lawrence MacAulay on Tuesday released the federal government’s initial list of municipalities designated for the 2016 deferral. In Alberta, those areas include Clearwater, […] Read more