NEWS RELEASE: Harper Government Announces Tax Relief for Western Livestock Producers
July 24, 2015 | News Article
To defer income, the breeding herd must have been reduced by at least 15%. If this is the case, 30% of income from net sales can then be deferred. In cases where the herd declines by 30 per cent or more, 90% of income from net sales can be deferred. Eligible producers can request the tax deferral when filing their 2015 income tax returns.