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Canola Farmers in Alberta Eligible for 2023 SR&ED Tax Credit

By Farms.com

Canola farmers in Alberta can capitalize on the Scientific Research and Experimental Development (SR&ED) tax credit, with a competitive rate of 12.49% applicable for the 2023 tax year. This tax credit allows growers to claim a portion of their service charge payment, specifically used to fund qualifying research initiatives. 

Alan Hampton, Chair of Alberta Canola's research committee, emphasizes the significant value for growers participating in the canola service charge. He states, "Farmers can recover a portion of their dollars invested by the Commission in research through the SR&ED tax credit." Hampton highlights Alberta Canola's strategic partnerships and efficient allocation of research funds to tackle challenges such as blackleg and clubroot disease management, along with monitoring insect pests for susceptibility and resistance to insecticides. 

For instance, an individual grower who paid a $1000 service charge to Alberta Canola in 2023 is eligible to claim a $124.90 tax credit. 

The SR&ED tax credit can serve various purposes: 

  • Offset federal taxes in the current year. 

  • Receive a tax refund. 

  • Carry forward up to 20 years to offset federal taxes owing. 

  • Carry back three years to reduce federal taxes paid in those years. 

Individual producers must file a T2038 (IND), while farm corporations need to file a T2SCH31 form. Growers are encouraged to reach out to the Canada Revenue Agency or consult their accountants for additional details. 

For more SR&ED information, visit the Canada Revenue Agency website  


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Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!

Video: Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!


Demco's dual auger grain cart is designed for unloading efficiency, operator visibility, and safety in the field.

This dual-auger design features both an unload auger and a floor auger for enhanced grain cleanout and consistent flow, and the 22-inch unload auger is capable of moving up to 600 bushels per minute.

Farmers can also choose between right or left-handed unload options—right-handed unload improves visibility from the tractor cab. A new design allows both vertical and horizontal movement for precise grain placement during unloading.

Another key feature is the built-in fire safety system; a 300-gallon onboard water tank with a hose reel that provides field-ready fire suppression capability.

These dual auger grain carts are available in 1100, 1300, 1500, 1700, and 2200 bushel sizes.