Tuesday, 06 February 2018 09:19

Final List of Designated regions for 2017 under the Livestock Tax Deferral Provision

Written by  Courtesy AAFC
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The Government of Canada released the final list on Feb. 6 of designated regions where livestock tax deferral has been authorized for 2017 due to drought, flood or excess moisture conditions. See list of areas below:


On November 6, 2017, the Government of Canada announced the initial list of designated regions in British Columbia, Alberta, Saskatchewan and Quebec, for livestock tax deferral purposes.
Ongoing analysis has identified additional regions in British Columbia and Saskatchewan that are experiencing forage shortfalls in 2017
The livestock tax deferral provisions allow livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2017 sale proceeds of breeding livestock until 2018 to help replenish the herd. The cost of replacing the animals in 2018 will offset the deferred income, thereby reducing the tax burden associated with the original sale.
Eligibility for the tax deferral is limited to those producers located inside the designated prescribed areas. Producers can request the tax deferral when filing their 2017 income tax returns.
"Extreme weather and natural disasters created significant challenges for many Canadian livestock producers in 2017. This tax deferral will help producers manage the impacts of the adverse weather, while focussing on rebuilding their herds in the coming year. This will help farmers keep their businesses strong, while growing the economy and strengthening the middle class" explained    Lawrence MacAulay, Minister of Agriculture and Agri-Food.
Quick Facts
·         Low moisture levels resulted in significant forage shortages for livestock producers in British Columbia, Alberta, Saskatchewan and Quebec in 2017. One option for producers is to reduce their breeding herd in order to manage feed supplies.
·         In addition to the livestock tax deferral provision, producers have access to assistance through existing Growing Forward 2 Business Risk Management programs, which include AgriInsurance, AgriStability and AgriInvest.
 
 
·         Livestock Tax Deferral Provision - Designated Areas Eligible for 2017 for Alberta include:
Alberta - 2017 Livestock Tax Deferral
Rural Municipalities – Consolidated Census Subdivisions
    •    Cardston County
    •    City of Calgary
    •    Clearwater County
    •    Cypress County
    •    Forty Mile County No. 8
    •    Lacombe County
    •    Kneehill County
    •    Lethbridge County
    •    Mountain View County
    •    Municipal District of Bighorn No. 8
    •    Municipal District of Foothills No. 31
    •    Municipal District of Pincher Creek No. 9
    •    Municipal District of Ranchland No. 66
    •    Municipal District of Taber
    •    Municipal District of Willow Creek No. 26
    •    Newell County
    •    Paintearth County No. 18
    •    Red Deer County
    •    Rocky View County
    •    Special Area No. 2
    •    Special Area No. 3
    •    Special Area No. 4
    •    Starland County
    •    Stettler County No. 6
    •    Vulcan County
    •    Warner County No. 5
    •    Wheatland County
    •    * Based on 2016 Statistics Canada Census
    •   
Saskatchewan - 2017 Livestock Tax Deferral
Rural Municipalities – Consolidated Census Subdivisions
    •    Abernethy No. 186
    •    Arlington No. 79
    •    Arm River No. 252
    •    Auvergne No. 76
    •    Baildon No. 131
    •    Bengough No. 40
    •    Benson No. 35
    •    Big Arm No. 251
    •    Big Quill No. 308
    •    Big Stick No. 141
    •    Birch Hills No. 460
    •    Bone Creek No. 108
    •    Bratt's Lake No. 129
    •    Brock No. 64
    •    Brokenshell No. 68
    •    Browning No. 34
    •    Buckland No. 491
    •    Caledonia No. 99
    •    Cambria No. 6
    •    Canaan No. 225
    •    Carmichael No. 109
    •    Caron No. 162
    •    Chaplin No. 164
    •    Chester No. 125
    •    Chesterfield No. 261
    •    Clinworth No. 230
    •    Coalfields No. 4
    •    Connaught No. 457
    •    Coteau No. 255
    •    Coulee No. 136
    •    Craik No. 222
    •    Cupar No. 218
    •    Cymri No. 36
    •    Deer Forks No. 232
    •    Dufferin No. 190
    •    Edenwold No. 158
    •    Elcapo No. 154
    •    Elfros No. 307
    •    Elmsthorpe No. 100
    •    Emerald No. 277
    •    Enfield No. 194
    •    Enterprise No. 142
    •    Estevan No. 5
    •    Excel No. 71
    •    Excelsior No. 166
    •    Eyebrow No. 193
    •    Fertile Valley No. 285
    •    Fillmore No. 96
    •    Flett's Springs No. 429
    •    Foam Lake No. 276
    •    Fox Valley No. 171
    •    Francis No. 127
    •    Frontier No. 19
    •    Garden River No. 490
    •    Garry No. 245
    •    Glen Bain No. 105
    •    Glen McPherson No. 46
    •    Golden West No. 95
    •    Grassy Creek No. 78
    •    Gravelbourg No. 104
    •    Griffin No. 66
    •    Gull Lake No. 139
    •    Happy Valley No. 10
    •    Happyland No. 231
    •    Hart Butte No. 11
    •    Hazelwood No. 94
    •    Hillsborough No. 132
    •    Humboldt No. 370
    •    Huron No. 223
    •    Indian Head No. 156
    •    Insinger No. 275
    •    Invergordon No. 430
    •    Ituna Bon Accord No. 246
    •    Kellross No. 247
    •    Key West No. 70
    •    Kindersley No. 290
    •    King George No. 256
    •    Kingsley No. 124
    •    Kinistino No. 459
    •    Lac Pelletier No. 107
    •    Lacadena No. 228
    •    Lajord No. 128
    •    Lake Alma No. 8
    •    Lake Johnston No. 102
    •    Lake Lenore No. 399
    •    Lake of the Rivers No. 72
    •    Lakeside No. 338
    •    Lakeview No. 337
    •    Last Mountain Valley No. 250
    •    Laurier No. 38
    •    Lawtonia No. 135
    •    Leroy No. 339
    •    Lipton No. 217
    •    Lomond No. 37
    •    Lone Tree No. 18
    •    Longlaketon No. 219
    •    Loreburn No. 254
    •    Lost River No. 313
    •    Lumsden No. 189
    •    Mankota No. 45
    •    Maple Bush No. 224
    •    Maple Creek No. 111
    •    Marquis No. 191
    •    Marriott No. 317
    •    McCraney No. 282
    •    McKillop No. 220
    •    McLeod No. 185
    •    Milden No. 286
    •    Milton No. 292
    •    Miry Creek No. 229
    •    Monet No. 257
    •    Montmartre No. 126
    •    Moose Jaw No. 161
    •    Morris No. 312
    •    Morse No. 165
    •    Mount Hope No. 279
    •    Newcombe No. 260
    •    Nipawin No. 487
    •    North Qu'Appelle No. 187
    •    Norton No. 69
    •    Old Post No. 43
    •    Paddockwood No. 520
    •    Pense No. 160
    •    Piapot No. 110
    •    Pinto Creek No. 75
    •    Pittville No. 169
    •    Pleasant Valley No. 288
    •    Pleasantdale No. 398
    •    Poplar Valley No. 12
    •    Prairie Rose No. 309
    •    Prince Albert No. 461
    •    Redburn No. 130
    •    Reno No. 51
    •    Riverside No. 168
    •    Rodgers No. 133
    •    Rosedale No. 283
    •    Rudy No. 284
    •    Sarnia No. 221
    •    Saskatchewan Landing No. 167
    •    Scott No. 98
    •    Shamrock No. 134
    •    Sherwood No. 159
    •    Snipe Lake No. 259
    •    Souris Valley No. 7
    •    South Qu'Appelle No. 157
    •    Spalding No. 368
    •    St. Andrews No. 287
    •    St. Peter No. 369
    •    Stanley No. 215
    •    Star City No. 428
    •    Stonehenge No. 73
    •    Surprise Valley No. 9
    •    Sutton No. 103
    •    Swift Current No. 137
    •    Tecumseh No. 65
    •    Terrell No. 101
    •    The Gap No. 39
    •    Three Lakes No. 400
    •    Torch River No. 488
    •    Touchwood No. 248
    •    Tullymet No. 216
    •    Usborne No. 310
    •    Val Marie No. 17
    •    Victory No. 226
    •    Viscount No. 341
    •    Waverley No. 44
    •    Webb No. 138
    •    Wellington No. 97
    •    Weyburn No. 67
    •    Wheatlands No. 163
    •    Whiska Creek No. 106
    •    White Valley No. 49
    •    Willner No. 253
    •    Willow Bunch No. 42
    •    Willow Creek No. 458
    •    Wise Creek No. 77
    •    Wolseley No. 155
    •    Wolverine No. 340
    •    Wood Creek No. 281
    •    Wood River No. 74
    •    Wreford No. 280
    •    * Based on 2016 Statistics Canada Census

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