Alberta Wheat Commission Reminding Farmers To Apply For The SR&ED Tax Credit

Feb 25, 2021

Producers who paid their Alberta Wheat Commission check-off are eligible for a 31 per cent tax credit for their investment in wheat research and development projects.

The tax credit is available through the Scientific Research & Experimental Development Fund program.

The federal program encourages R&D investment through tax-based incentives, giving claimants tax credits for their expenditures on eligible R&D work.

The tax credit percentage is based on the amount invested in R&D that meets the criteria laid out by the Canada Revenue Agency.

Farmers should use form T2038 (IND) to claim the credit, while farm corporations must use form T2SCH31 when filing their taxes.

Farmers who have requested a refund on their check-off are not eligible for the tax credit.

More information on the research and development tax credit (SR&ED program) is available from the Canada Revenue Agency.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.