Producers should be checking if they qualify for a livestock tax deferral.

The final list for 2016 of regions eligible for this deferral has been released, and includes producers in the M.D. of Foothills, the M.D. of Pincher Creek, and the M.D. of Willow Creek.

The deferral is designated to drought regions who are facing feed shortages to defer a portion of their sales from breeding livestock to the next year.

When submitting your 2016 income tax returns, you can request the deferral if you're eligible, or send an adjustment request directly to Canada Revenue Agency if you have already submitted your returns.

For 2017, the government is looking into a livestock tax deferral for producers facing hardships in B.C.

For a full list of eligible regions, you can visit this website.

More Ag News

Dry Conditions Expected To Return

While many parts of the Prairies received some much needed rain over the past few days, the warm, dry conditions are expected to return. Senior Agricultural Meteorologist with World Weather Inc.,…

Viterra Donates Land to Help End World Hunger

Viterra is donating the use of land around six of its grain terminals in Alberta and Saskatchewan to the Canadian Foodgrains Bank. The nearly 400 acres will be farmed by volunteers in the different…

Agriflash Headlines for May 18

400 Acres Donated to the Canadian Foodgrains Bank Viterra is donating roughly 400 acres of land around six of its grain terminals in Alberta and Saskatchewan to the Canadian Foodgrains Bank. The land…

4-H Members Win Trip to Explore Ag in NWT

4-H members from across the Province will be visiting the North West Territories and Northern Alberta on an Agriculture Development Tour. Grade 12 student, Cassidy Read from Okotoks, has been in the…

Local 4-H Member Wins Trip to Explore Ag in NWT

4-H members from across the Province will be visiting the North West Territories and Northern Alberta on an Agriculture Development Tour. Grade 12 student, Cassidy Read from Okotoks, has been in the…

CochraneNow.com is Cochrane's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login