Programs & Tax Credits
Cash Advance Program
The Advance Payments Program (APP) is a financial loan guarantee program established under Agriculture and Agri-Food Canada (AAFC) that gives farmers easier access to credit through cash advances. The program provides eligible pulse and soybean farmers with short-term loans of up to $400,000 with the first $100,000 interest free. With changes approved under Bill C-18, farmers can now apply for an advance from their chosen APP Administrator. Please be advised that procedures and fees vary amongst administrators.
For more information on the Advance Payments Program, including a full list of APP administrators in Canada, visit the AAFC website.
Pulse and Soybean APP Administrators in Manitoba:
Canadian Grain Commission Harvest Sample Program
Send your sample, get a free grade….. more info here.
Your participation is important!
The Harvest Sample Program is voluntary and is an opportunity to receive a free, unofficial Canadian Grain Commission grade and quality results that include:
- Protein content on cereal grains and pulses
- Oil, protein and chlorophyll content for canola
- Oil and protein content and iodine value for flax seed
- Oil and protein for mustard seed and soybeans
The grade provided through the Harvest Sample Program is considered unofficial because:
- The sample size does not meet the minimum weight requirement of 750 grams
- Dockage is not retained
- The sample isn’t collected by a Canadian Grain Commission grain inspector
Many farmers have indicated that having this quality information for their sample before delivering their grain is very useful.
We encourage you to send your samples as soon as harvest is complete. Please call the MPSG office at 1-204-745-6488 to get a free sample envelope. If you have not participated in the program before, you must sign up. You can register online, by email or over the phone:
- Visit www.grainscanada.gc.ca
- Email email@example.com
- Call 1-800-853-6705 and leave a message, and CGC will return your call to register you.
If you have participated before, you will get a kit in the mail.
Scientific Research and Experimental Development (SR&ED) Tax Credit
2016 Tax Credit – 26% of MPSG check-off
Farmers who contribute pulse check-off dollars to the Manitoba Pulse & Soybean Growers (MPSG) are eligible to claim a federal tax credit through the Scientific Research and Experimental Development (SR&ED) program. The tax credit is based on the amount of check-off funds spent on research and development that meet specific criteria set out by the Canada Revenue Agency (CRA).
For the 2016 tax year, 26% of the Manitoba pulse check-off qualifies for the SR&ED tax credit.
Farmers can calculate their total check-off contribution by referring to their pulse and soybean sales receipts. Of this total, 26% is eligible to earn an investment tax credit. As an individual, farmers can claim this tax credit up to a maximum of 15% while corporations are able to claim at the rate of 35%.
To claim the federal tax credit on your tax returns, you must file a T2038 (IND) for farm proprietorships or a T2SCH31 for farm corporations.
The investment tax credit earned may be used to offset federal tax owing in the current year; or if you do not owe federal tax in the current year a portion may be refunded to you as an individual or all may be refunded if you are a corporation (CCPC). Other options include carrying the credit forward up to 10 years to offset federal tax or carried back up to three years. All check-off investment tax credit applied against taxes payable, or refunded, must be reported by the producer as income in the subsequent year.
For more information on the process of claiming the tax credit, please consult your accountant or visit the Canada Revenue Agency website.
Please Note: A farmer may not claim investment tax credits (ITC’s) on any portion of check-off that has been refunded by the Manitoba Pulse & Soybean Growers.
The reported pulse check–off that was deducted from a farmer’s cash ticket and is eligible for the tax credit from 2001-2016 is as follows:
- 2016, 26%
- 2015, 30%
- 2014, 30.5%
- 2013, 17.1%
- 2012, 29.74%
- 2011, 22.28%
- 2010, 29.26%
- 2009, 27.8%
- 2008, 16.4%
- 2007, 22.8%
- 2006, 54.0%
- 2005, 56.8%
- 2004, 32.8%
- 2003, 22.28%
- 2002, 29.95%
- 2001, 25.8%