Tax Deferral Program for Prescribed Drought Region

 
 
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Program Information
 
 
 

Agency:

Agriculture and Agri-Food Canada

For Further Information Contact:

Web: http://www.agr.gc.ca/eng/?id=1326403245181
 
Eligibility
Owners of breeding livestock in designated areas
 
 

 
Program Details
 
 
  Under this program, owners of breeding livestock in designated areas who are forced to sell all or part of their breeding herd due to drought conditions, are eligible for a one-year tax deferral on income from those sales.

The deferral allows eligible farmers to defer income tax on the sale of breeding livestock for one year to replenish breeding stock in the following year. In the case of consecutive years of drought designation, producers may defer sales income to the first year in which the area is no longer designated. Eligible farmers will be able to request this deferral when filing their income tax returns.

2016 Designated Drought Areas in Alberta

  • Clearwater County
  • Improvement District No. 9 Banff
  • Kananaskis Improvement District
  • Kneehill County
  • Lacombe County
  • Lethbridge County
  • Mountain View County
  • Municipal District of Bighorn No. 8
  • Municipality of Crowsnest Pass
  • Municipal District of Foothills No. 31
  • Municipal District of Pincher Creek No. 9
  • Municipal District of Ranchland No. 66
  • Municipal District of of Taber
  • Municipal District of Willow Creek No. 26
  • Red Deer County
  • Rocky View County
  • Vulcan County
  • Wheatland County
Additional designations:
  • City of Calgary
  • County of Newell
  • Mackenzie County
For more information, contact a local Canada Revenue Agency office.
 
 
 
 
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Last Reviewed/Revised on July 28, 2017.