Barley producers can claim 11 per cent SR&ED credit on their 2022 taxes

Barley producers who pay check-off through Alberta Barley and do not request a refund are eligible for an 11 per cent tax credit through the Scientific Research and Experimental Development Fund (SR&ED) program for their investment in barley research and development (R&D) projects. For example, producers who paid $100 in check-off to Alberta Barley in 2022 would earn $11 in tax credit.

The federal SR&ED program encourages R&D investment through tax-based incentives, giving claimants tax credits for their expenditures on eligible R&D work. The tax credit percentage is based on the amount invested in R&D that meets the criteria laid out by the Canada Revenue Agency (CRA).

“The SR&ED program is incredibly beneficial and I would encourage all eligible barley growers to utilize it,” says Alberta Barley chair, Tara Sawyer. “If you’re a producer who pays Alberta Barley checkoff, this is an excellent financial incentive to apply to your on-farm operations.”