Tax credit available for Alberta’s barley farmers
(Calgary, Alberta) Feb. 23, 2016 – Alberta barley farmers who did not request a refund of their check-off dollars will qualify for a 2015 Scientific Research and Experimental Development (SR&ED) tax credit.
“Our number one priority is research and ensuring that we maximize the potential of barley,” said Alberta Barley chairman Mike Ammeter. “Without the support of our members through their check-off, none of this important work would be possible.”
The SR&ED tax credit allows farmers to claim the portion of their check-off dollars used to fund research. The rate for the 2015 tax year is 17 per cent.
Alberta Barley funds and participates in agricultural research that aims to create new opportunities for barley farmers now and in the future. This includes 40 ongoing projects and an $11 million research cluster partnership with Agriculture and Agri-Food Canada, the Western Grains Research Foundation, the Brewing and Malting Barley Research Institute, Rahr Malting and the Atlantic Grains Council.
“I encourage farmers to visit our website to get more information on the research that we have invested in,” added vice-chairman Jason Lenz. “We are confident that the outcomes from these projects have and will continue to secure a bright future for our industry.”
All of Alberta Barley’s funding commitments are detailed on www.albertabarley.com/research.
To learn more about the SR&ED program, visit the Canada Revenue Agency website here.
For more information, contact:
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