Sask Wheat announces SR&ED tax credit for levy-paying producers

Feb 10, 2022

Saskatoon – The Saskatchewan Wheat Development Commission (Sask Wheat) is announcing that for the crop year ending July 31, 2021, wheat producers may claim 67.93 percent of their levy contributions to Sask Wheat as a qualifying Scientific Research and Experimental Development (SR&ED) expenditure on their federal tax return. In addition, farm corporations may also claim 48.97 percent of their levy contributions as a qualifying expenditure towards the Saskatchewan Research and Development Tax Credit program.

The SR&ED Program is a federal government program that encourages research and development by providing tax-based incentives. The program gives registered wheat producers access to investment tax credits (by means of cash refunds and/or reduction to taxes payable) for their levy contributions that are spent on qualifying research.

By using levy contributions to finance research and development work that benefits Saskatchewan wheat producers, Sask Wheat is able to participate in this program and distribute these tax-based incentives to producers. In the 2020-2021 crop year, Sask Wheat committed nearly $10.2 million to 50 projects.

Source : saskwheat

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.