Livestock Tax Deferral

The Federal Budget, released Tuesday, contained very few commitments for the agriculture sector, which farm groups say is disappointing on several fronts. The Grain Growers of Canada (GGC) said it missed “an extension to the extended rail interswitching pilot, investments in trade-enabling infrastructure, investments in grain-related research and development, initiating a review of the Canada Grains Act, and […]

Canadian farmers directly impacted by climate change and its effects this year might be eligible for a Livestock Tax Deferral. Agriculture and Agri-Food Canada (AAFC) released an initial list of designated regions in Alberta, Saskatchewan and Manitoba, where Livestock Tax Deferral has been authorized for 2022 due to extreme weather conditions. The provision allows livestock […]

Western Canadian farmers affected by drought and wildfires, will now be able to include the cost of obtaining livestock feed, transportation, and water in their AgriRecovery submissions. AgriRecovery is a federal and provincial business risk management program aimed at helping farmers in extraordinary climate situations. The program operates on a 60-40 basis with Ottawa covering […]