Check–off Investment Tax Credit

2008 Investment Tax Credit

Scientific Research and Experimental Development (SR&ED)

Producers who contribute pulse check-off or levy dollars to the Manitoba Pulse Growers Association are able to claim a portion of that levy as an investment tax credit.

Canada Customs and Revenue Agency has very specific criteria in order to qualify as an approved research facility. As a result, some of the dollars MPGA allocates to research do not qualify for the Investment Tax Credit. For the 2008 tax year, 16.4% of the dollars MPGA spent on research qualify for the SR&ED Investment Tax Credit. This means that for every levy dollar that was deducted from the sale of pulse crops in Manitoba, 16.4% of that amount is eligible for the Investment Tax Credit. Individuals can claim this tax credit at the rate of 20% and Corporations can claim at the rate of 35%.

Contact the MPGA office at 204-745-6488 or talk to your accountant if you have further questions regarding this Investment Tax Credit.

Check–off Investment Tax Credit for 2001 - 2007

2007, 22.8% Pulse Check-off was eligible for the tax credit.
2006, 54.0% Pulse Check-off was eligible for the tax credit.
2005, 56.8% Pulse Check-off was eligible for the tax credit.
2004, 32.8% of the Pulse Check-off that was deducted from a producer’s cash ticket is eligible for the tax credit.
2003, 22.28% Pulse Check-off was eligible for the tax credit
2002, 29.95% of the Pulse Check-off was eligible for the tax credit.
2001, 25.8% of the Pulse Check-off was eligible for the tax credit.