Initial List of Livestock Tax Deferral Regions for 2025 Announced

List of Livestock Tax Deferral regions announced for the year - Farm Press Media

This week, the Honourable Heath MacDonald, Minister of Agriculture and Agri-Food, announced the initial list of regions that will qualify for the Livestock Tax Deferral in 2025. The Livestock Tax Deferral provision allows livestock producers in prescribed areas, who are forced to sell all or part of their breeding herd due to drought, excess moisture or flooding, to defer a portion of their income from sales until the following tax year. The inc…

Regions selected for livestock tax deferral

Dry conditions in wide swaths of eastern BC means ranchers in the regions can take advantage of the federal livestock tax deferral provision in 2025. The provision is triggered when drought, excess moisture or flooding cause forage shortfalls of 50% or more. On August 18, federal agriculture minister Heath MacDonald announced that the Northern Rockies … Source

Initial list of Livestock Tax Deferral regions for 2025 announced

Heath MacDonald, Minister of Agriculture and Agri-Food, announced the initial list of regions that will qualify for the Livestock Tax Deferral in 2025.   Ottawa – The Livestock Tax Deferral provision allows livestock producers in prescribed areas, who are forced to sell all or part of their breeding herd due to drought, excess moisture or flooding, to defer a portion of ... Read More The post Initial list of Livestock Tax Deferral regions for 20…