March 2, 2020

Livestock Producers in Yellowhead County Eligible for Federal Tax Deferral

On Feb. 18/2020 the Government of Canada released the final list of designated regions where livestock tax deferral has been authorized for 2019 due to extreme weather conditions.

The livestock tax deferral provision allows livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2019 sale proceeds of breeding livestock until 2020 to help replenish the herd.

More information can be found at:
Livestock Producers Receive Tax Relief for 2019
Livestock Tax Deferral Provision