Your Benefits
Contributions to research and development work allow us to give back to you in a variety of ways, including tax incentives for your contributions to the check-off. Producers that have requested a refund of their check-off are not eligible for tax incentives.
SR&ED Investment Tax Credit
The Scientific Research and Experimental Development (SR&ED) Program encourages research and development by providing tax-based incentives.
Because we use your check-off contributions to finance research and development work that benefits Saskatchewan wheat, we’re able to distribute these incentives to you!
How It Works
- The program gives registered wheat producers access to investment tax credits for levy contributions that are spent on qualifying research.
- Investment tax credits may be claimed by filing Form T2038 (IND) for farm individuals or T2SCH31 for farm corporations.
- These tax credits are returned by means of cash refunds and/or reductions to taxes payable.
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