Agriculture and Agri-Food Canada has announced the initial list of regions eligible for the Livestock Tax Deferral provision in 2025.
Livestock producers in prescribed areas that are forced to sell all or part of their breeding herd due to a number of factors can defer a portion of their income from the sales until the following tax year.
Those factors include drought, excess moisture, or flooding.
In order to defer income under this program, your herd must have been reduced by at least 15 per cent.
Several Parkland municipalities were included on that initial list of sites.
They include Grandview, Ethelbert, Mossey River, Lakeshore, and Alonsa.
All municipalities in the Swan River Valley are also included, as is Hillsburg-Roblin-Shell River.
