Tax breaks offered in more RMs

Reading Time: < 1 minute

Published: February 8, 2007

Ottawa has added 14 Saskatchewan rural municipalities to the list of jurisdictions where drought-affected cattle producers may qualify for tax deferrals.

In December, the federal government announced that producers in 20 southwest RMs could get tax deferrals on animals they are forced to sell because of dry conditions.

The additional RMs are to the east and north of the area initially designated and include Lake Alma, Surprise Valley, Happy Valley, Hart Butte, Poplar Valley, Laurier, The Gap, Bengough, Willow Bunch, Old Post, Waverley, Whiska Creek, Miry Creek and Clinworth.

Read Also

A dairy cow with its head stuck through a fence in a dairy barn stares straight at the camera while others in the background eat feed left in the alley way.

The Organization for Economic Co-operation and Development lauds Canada’s low farm subsidies, criticizes supply management

The Organization for Economic Co-operation and Development lauded Canada’s low farm subsidies, criticized supply management in its global survey of farm support programs.

Under the program, producers qualify for a one-year federal tax deferral on 2006 income from sales due to drought. They have must sold at least 15 percent of their breeding herds to qualify for a 30-percent deferral. The deferral grows to 90 percent if 30 percent or more of a herd is sold.

Producers request the deferral when filing their income tax returns.

Meanwhile, producers in the southwest continue to meet with government officials to press for more direct financial assistance. They say they should receive payments similar to those received by farmers who were flooded and unable to seed last spring.

About the author

Karen Briere

Karen Briere

Karen Briere grew up in Canora, Sask. where her family had a grain and cattle operation. She has a degree in journalism from the University of Regina and has spent more than 30 years covering agriculture from the Western Producer’s Regina bureau.

explore

Stories from our other publications