Tax credit Archives

Ag Minister Nate Horner speaks at the Harmony Beef plant at Balzac, Alta. on Feb. 7, 2023. (Government of Alberta video screengrab via YouTube)

Alberta plans new ag processing tax credit

Incentive to be introduced in 2023 budget

By Dave Bedard, GFM Network News February 9, 2023

Alberta has telegraphed plans for a new provincial tax credit in its upcoming budget to spur development in the ag processing sector. The province on Tuesday announced plans for what it calls the Alberta Agri-Processing Investment Tax Credit — a 12 per cent, “non-refundable” tax credit for corporations making capital investments in “value-added agri-processing” in […] Read more

Crops, Reuters

U.S. biodiesel industry struggles without subsidy

By GFM Network News November 16, 2019

New York | Reuters — When John Whittington shut his Indiana biodiesel plant this week, he knew the move would leave all 14 of his workers there looking for jobs heading into the U.S. holiday season. But he felt he had no choice. A $1-per-gallon subsidy that had been propping up the industry since 2005 […] Read more

Crops, Machinery, Reuters

U.S. biodiesel lobby drops effort to adjust tax credit

By Michael Hirtzer, GFM Network News May 25, 2018

Chicago | Reuters — The biggest U.S. biodiesel lobbying group has dropped its nine-year push to convert a US$1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice-president of federal affairs said on Friday. The tax credit benefits companies that blend biodiesel into fuel sold at U.S. gas stations. It […] Read more

If your farming is considered a hobby (for example, you only raise a few  farm animals or have a plot to grow food for your own table), you can’t  deduct any expenses or losses.

Features, News

Save your 2016 seed money

Farm Management: Let the CRA tax experts help you reap the most from what you sow

By Heidi Hofstad March 17, 2017

Farmers of all types, from dairy to fruit to livestock, contribute to the economy and to the healthy lives of Canadians. The Canada Revenue Agency (CRA) wants to help make filing your income tax and benefit return easier so you can save your time and energy for the harvest. If your farming is considered a […] Read more

The UPA mounted a public campaign to put pressure on the provincial government to reconsider its plans for the farmland tax credit program. (UPA.qc.ca)

Livestock

Quebec’s winter trails to remain open as tax reform halted

By Grainews Staff, GFM Network News February 3, 2017

Snowmobile trails going through farmland owned by members of Quebec’s Union des producteurs agricoles (UPA) will remain open as the province hits the brakes on changes to its farmland property tax credit plan. UPA members had recently pledged to revoke previously-permitted access to their land for snowmobile trails starting Monday (Feb. 6) in a dispute […] Read more

Livestock, Machinery, Markets

Farm business tax credits on tap in Manitoba budget

By Grainews Staff, GFM Network News April 30, 2015

Expansions and extensions for tax credits of use to Manitoba farmers and small agribusinesses were laid out Thursday in the province’s latest budget. Finance Minister Greg Dewar’s plan calls for an expansion of the province’s small business venture capital tax credit, broadening its list of eligible businesses to include “non-traditional farming” ventures, as well as […] Read more

Crops

Prairie crop checkoff tax credits pegged for 2014

By Grainews Staff, GFM Network News February 24, 2015

Prairie crop growers who are preparing their returns for the 2014 tax year and didn’t ask for refunds on their crop checkoffs may be able to see some of those funds come back in tax credits. Some crop commodity groups’ checkoffs qualify for the federal Scientific Research and Experimental Development (SR+ED) tax credit, which can […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

GFM Network News

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

Tag Archives Tax credit

Alberta plans new ag processing tax credit

U.S. biodiesel industry struggles without subsidy

U.S. biodiesel lobby drops effort to adjust tax credit

Save your 2016 seed money

Quebec’s winter trails to remain open as tax reform halted

Farm business tax credits on tap in Manitoba budget

Prairie crop checkoff tax credits pegged for 2014

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

Cyber-Savvy Farmer

Latest Market News