Tax Credit
Livestock Tax Deferral Program
The Livestock Tax Deferral provision farmers who sell part of their breeding herd due to drought or flooding in prescribed drought or flood regions to defer a portion of sale proceeds to the following year.
- 4.5/5.0
- Agriculture and Agri-Food
- All levels
- Last updated 3 years ago
- English
Description
The Livestock Tax Deferral provision farmers who sell part of their breeding herd due to drought or flooding in prescribed drought or flood regions to defer a portion of sale proceeds to the following year.
- To defer income, the breeding herd must have been reduced by at least 15%.