SaskWheat outlines levy contributions eligible for income tax relief

SaskWheat says farmers are eligible to claim 67.93 percent of their wheat levy contributions as a qualifying expenditure on their federal tax return.

In addition, farm corporations may also claim 48.97 percent of their levy as a qualifying expenditure toward the Saskatchewan research and development tax credit program.

The farm levy contributions enable SaskWheat to continue wheat research development.

In the 2020-2021 crop year, SaskWheat committed over 10 million dollars to 50 projects.

 

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