Information on tax deferrals for areas facing drought and flood conditions that negatively affect livestock producers now available
Agriculture and Agri-Food Canada has released a map showing the areas eligible for the 2019 Livestock Tax Deferral Provision. This list is now finalized for 2019. The Livestock Tax Deferral Provision allows farmers who sell part of their breeding herd due to drought or flooding in prescribed drought or flood regions to defer a portion of sale proceeds to the following year. When prescribed regions are identified, the list is announced publicly and posted to this web page.
The assessment process is multi-phased, and the map is only the initial assessment. Additional regions may be included based on information from final forage yields. For more information on how the assessment is completed, or the criteria used to evaluate drought or flood conditions, please contact aafc.taxdeferral-reportdelimpot.aac@canada.ca.
For more information on the Livestock Tax Deferral Provision, click here.
For enquiries, please contact:
Warren Noga
Policy Advisor
warren@RMAlberta.com
Tasha Blumenthal
Director of External Relations & Advocacy
tasha@RMAlberta.com