Tax credit Archives - Manitoba Co-operator

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

Crops

U.S. biodiesel industry struggles without subsidy

By GFM Network News, Stephanie Kelly 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

News

Tax credit for MWBGA checkoff dollars

Credit of 14 per cent applies to reflect research and development

By Mwbga Release April 5, 2019

Farmers who contribute to the Manitoba Wheat and Barley Growers Association (MWBGA) checkoff can claim a federal tax credit through the Scientific Research and Experimental Development (SR&ED) program. The credit is based on the amount of checkoff funds invested in research and development, which means 14 per cent of the MWBGA checkoff qualifies for the

Crops

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

By GFM Network News, Michael Hirtzer, Tom Polansek 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

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 GFM Network News, Manitoba Co-operator Staff 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

Livestock, Markets

Farm business tax credits on tap in Manitoba budget

By GFM Network News, Manitoba Co-operator Staff 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

Crops

Prairie crop checkoff tax credits pegged for 2014

By GFM Network News, Manitoba Co-operator Staff 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

Cereals, Crops, News

Tax credits rise on wheat, barley

March 23, 2012

Staff / Wheat and barley growers whose money stayed in the Western Grains Research Foundation’s checkoff fund during 2011 can expect a relatively larger tax credit for their buck. Prairie growers — other than Alberta barley growers, who pay into a different checkoff fund — will see their WGRF checkoff money eligible for federal Scientific

Crops, News, Oilseeds

Investment tax credits available to canola growers

March 23, 2012

Producers are entitled to obtain taxable benefits on canola checkoff deductions that are used to support research and development. Individual producers are entitled to claim investment tax credits at 20 per cent and the corporate producer rate for Canadian Controlled Private Corporations (CCPC) is 35 per cent. Only part of the research and development conducted

News

Federal Tax Credit For WGRF Checkoff

March 10, 2011

The Wes tern Grains Research Foundat ion is reminding producers that they are eligible for the Scientific Research and Experimental Development (SR&ED) tax credit on their checkoff investments. The tax credit percentages in 2010 are 74 per cent for wheat and 69 per cent for barley. The tax credit is earned at a rate of

Daily Network News

Women who fed a nation

U.S. grains: Soybeans rise on China demand hopes; corn and wheat rebound

U.S. livestock: Hogs rebound, cattle hit upward limits

Tag Archives Tax credit

Alberta plans new ag processing tax credit

U.S. biodiesel industry struggles without subsidy

Tax credit for MWBGA checkoff dollars

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

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

Tax credits rise on wheat, barley

Investment tax credits available to canola growers

Federal Tax Credit For WGRF Checkoff

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