Farms.com Home   News

Livestock Producers In Three Provinces Receive Tax Relief For 2016

 
Minister of Agriculture and Agri-Food, Lawrence MacAulay, today released a list of designated regions in Alberta, Ontario and Quebec where livestock tax deferrals have been authorized for 2016 due to drought.
 
The livestock tax deferral provisions allow livestock producers in prescribed drought regions to defer a portion of their 2016 sale proceeds of breeding livestock until the next year to help replenish the herd. The cost of replacing the animals in the next year offsets the deferred income, thereby reducing the tax burden associated with the original sale.
 
Eligibility for the tax deferral is limited to those producers located inside the designated areas prescribed as drought regions. Producers can request the tax deferral when filing their 2016 income tax returns.
 
Source : Agriculture and Agri-Food Canada

Trending Video

How Clean Barns Save Pigs - Aaron Juergens

Video: How Clean Barns Save Pigs - Aaron Juergens

In this episode of The Swine Health Blackbelt Podcast, Aaron Juergens, owner of Juergens INC, shares practical biosecurity strategies to combat swine health challenges, especially in the face of emerging PRRS strains. He explains how cleaning protocols, inspection timing, and transportation hygiene directly impact herd health and operational efficiency. Learn how collaboration and communication strengthen on-farm biosecurity. Listen now on all major platforms!