livestock tax deferral Archives

To defer income under LTD, the breeding herd must have been reduced by at least 15 per cent. Photo: Canada Beef

Feds announce early livestock tax deferral

By Alexis Kienlen June 14, 2024

Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due […] Read more

Livestock

Livestock tax deferral list begins in West for 2023

AgriRecovery work 'progressing,' feds say

By Dave Bedard August 22, 2023

The level of drought in parts of Western Canada so far this year has given the federal government a head start in drafting its list of jurisdictions where producers can […] Read more

Federal Agriculture Minister Marie-Claude Bibeau, shown here with Craig Riese (l) of Keystone Agricultural Producers and Manitoba Beef Producers president Tyler Fulton, speaks on July 22, 2021 at The Forks in Winnipeg. (Dave Bedard photo)

Tax deferrals, crop insurance changes en route against drought

Assessments underway for AgriRecovery, minister says

By D.C. Fraser July 22, 2021

Updated — As the federal government looks to manage impacts of ongoing drought conditions in Canada’s West, producers in parts of five provinces can already expect to be eligible for […] Read more

File photo of the flags of Canada and its provinces and territories at Canada Place in Vancouver. (lilly3/iStock/Getty Images)

Request line open for AgriRecovery drought plans, Bibeau says

Formal ask needed to trigger process: ag minister

By Dave Bedard July 16, 2021

Canada’s federal agriculture minister says the government is “ready to receive formal submissions” from provinces for AgriRecovery plans to help Prairie farmers and ranchers up against significant droughts this summer. […] Read more

Livestock

Livestock producers receive tax relief for 2019

By GFM Staff July 22, 2019

Drought in Western Canada and Quebec has prompted the federal government to release an initial list of regions eligible for livestock tax deferrals. The livestock tax deferral provision allows livestock […] Read more

Crops, Livestock

Cash ticket deferral option to remain unchanged

By Farmtario Staff November 7, 2017

The federal government is leaving its deferred cash purchase ticket policy unchanged. When listed grains (wheat, oats, barley, rye, flax, canola, rapeseed) are delivered for payment at a licensed elevator, […] Read more

Crops, Livestock

Feds announce tax support for farmers

By Farmtario Staff November 6, 2017

In a news release distributed today linked to Budget 2017, Agriculture and Agri-Food Minister Lawrence MacAulay announced tax relief to help farmers who received compensation under the Health of Animals Act from livestock […] Read more

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