Farms.com Home   News

Western Livestock Producers Receive Tax Relief For 2015

Minister of Agriculture and Agri-Food Lawrence MacAulay today released a list of additional designated regions where tax deferrals have been authorized for 2015 as a result of dry conditions in Western provinces.
 
Livestock tax deferral allows producers in prescribed drought regions who are facing feed shortages to defer a portion of their 2015 sale proceeds of breeding livestock until the next year. The cost of replacing the animals in the next year offsets the deferred income, thereby reducing the tax burden associated with the original sale. Eligible producers can request the tax deferral when filing their 2015 income tax returns.
 
Source : AAFC

Trending Video

Sorting Ewes & Rams | Breeding Time On The Farm!

Video: Sorting Ewes & Rams | Breeding Time On The Farm!

In this episode, we’re sorting ewes into their breeding groups and introducing them to unrelated rams. Moving rams between barns always comes with challenges, but once the boys meet their ewes, everyone was eager to settle in!

We also welcome back a returning customer who purchased a Suffolk ram from us last year. This season, she chose a Dorset cross ram, now named Benny, to strengthen her flock’s genetics. It’s always rewarding to see repeat customers who value the quality of our breeding stock.

Arnie then tours the crop fields as harvest season approaches. Despite drought conditions this summer, the crops are looking surprisingly good. We close the day with evening feedings and one last look at the rams with their new breeding groups.

?? Join us daily for life on a working sheep farm, from flock management and breeding strategies to crops, chores, and the everyday rhythm of farm life.