Tractor harvesting wheat - credit the Canadian Press
31 per cent tax credit for eligible wheat farmers on their 2020 taxes
Feb 24, 2021 | 4:03 PM
CALGARY, AB. — A tax break for Alberta wheat farmers. They may be eligible for a tax credit through the Scientific Research and Experimental Development Fund (SR&ED) program.
Anyone who pays the Alberta Wheat Commission (AWC) check-off can receive a 31 per cent tax credit for their investment in wheat research and development projects.
Farmers who paid $100 in check-off to AWC in 2020 would earn $31 in tax credit.
The tax credit percentage is based on the amount invested in research and development, which meets the criteria laid out by the Canada Revenue Agency (CRA).


