CNW - The Government of Canada has released an initial list of designated regions in British Columbia, Alberta, Saskatchewan, Manitoba and Quebec where livestock tax deferral has been authorized for 2019 due to extreme weather conditions.
Preliminary analysis indicates that livestock producers in Western Canada and Quebec are experiencing significant forage shortages due to drought conditions, supporting an early designation under the livestock tax deferral provision. Ongoing analysis and consultations will continue to determine if additional regions will be added to the designated list.
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. The cost of replacing the animals in 2020 will offset the deferred income, thereby reducing the tax burden associated with the original sale.
The criteria for identifying regions for livestock tax deferral is forage shortfalls of 50 percent or more caused by drought or excess moisture. Eligible regions are identified based on weather, climate, and production data, in consultation with industry and provinces.
Eligibility for the tax deferral is limited to those producers located inside the designated prescribed areas. Producers in those regions can request the tax deferral when filing their 2019 income tax returns.
Municipalities in Saskatchewan on the list are: Aberdeen No. 373, Abernethy No. 186, Antelope Park No. 322, Antler No. 61, Argyle No. 1, Arlington No. 79, Arm River No. 252, Auvergne No. 76, Baildon No. 131, Battle River No. 438, Bayne No. 371, Bengough No. 40, Benson No. 35, Big Arm No. 251, Big Quill No. 308, Big Stick No. 141, Biggar No. 347, Blucher No. 343, Bone Creek No. 108, Bratt's Lake No. 129, Brock No. 64, Brokenshell No. 68, Browning No. 34, Buchanan No. 304, Buffalo No. 409, Calder No. 241, Caledonia No. 99, Cambria No. 6, Cana No. 214, Canaan No. 225, Carmichael No. 109, Caron No. 162, Chaplin No. 164, Chester No. 125, Chesterfield No. 261, Churchbridge No. 211, Clayton No. 333, Clinworth No. 230, Coalfields No. 4, Colonsay No. 342, Corman Park No. 344, Cote No. 271, Coteau No. 255, Coulee No. 136, Craik No. 222, Cupar No. 218, Cut Knife No. 439, Cymri No. 36, Deer Forks No. 232, Douglas No. 436, Dufferin No. 190, Dundurn No. 314, Eagle Creek No. 376, Edenwold No. 158, Elcapo No. 154, Elfros No. 307, Elmsthorpe No. 100, Emerald No. 277, Enfield No. 194, Enniskillen No. 3, Enterprise No. 142, Estevan No. 5, Excel No. 71, Excelsior No. 166, Eye Hill No. 382, Eyebrow No. 193, Fertile Belt No. 183, Fertile Valley No. 285, Fillmore No. 96, Foam Lake No. 276, Fox Valley No. 171, Francis No. 127, Frontier No. 19, Garry No. 245, Glen Bain No. 105, Glen McPherson No. 46, Glenside No. 377, Golden West No. 95, Good Lake No. 274, Grandview No. 349, Grant No. 372, Grass Lake No. 381, Grassy Creek No. 78, Gravelbourg No. 104, Grayson No. 184, Great Bend No. 405, Griffin No. 66, Gull Lake No. 139, Happy Valley No. 10, Happyland No. 231, Harris No. 316, Hart Butte No. 11, Hazel Dell No. 335, Hazelwood No. 94, Heart's Hill No. 352, Hillsborough No. 132, Hillsdale No. 440, Humboldt No. 370, Huron No. 223, Indian Head No. 156, Insinger No. 275, Invermay No. 305, Ituna Bon Accord No. 246, Kellross No. 247, Key West No. 70, Keys No. 303, Kindersley No. 290, King George No. 256, Kingsley No. 124, Lac Pelletier No. 107, Lacadena No. 228, Laird No. 404, 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, Langenburg No. 181, Last Mountain Valley No. 250, Laurier No. 38, Lawtonia No. 135, Leroy No. 339, Lipton No. 217, Livingston No. 331, Lomond No. 37, Lone Tree No. 18, Longlaketon No. 219, Loreburn No. 254, Lost River No. 313, Lumsden No. 189, Manitou Lake No. 442, Mankota No. 45, Maple Bush No. 224, Maple Creek No. 111, Mariposa No. 350, Marquis No. 191, Marriott No. 317, Martin No. 122, Maryfield No. 91, Mayfield No. 406, 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, Montrose No. 315, Moose Creek No. 33, Moose Jaw No. 161, Moose Mountain No. 63, Moosomin No. 121, Morris No. 312, Morse No. 165, Mount Hope No. 279, Mount Pleasant No. 2, Mountain View No. 318, Newcombe No. 260, North Battleford No. 437, North Qu'Appelle No. 187, Norton No. 69, Oakdale No. 320, Old Post No. 43, Orkney No. 244, Pense No. 160, Perdue No. 346, Piapot No. 110, Pinto Creek No. 75, Pittville No. 169, Pleasant Valley No. 288, Poplar Valley No. 12, Prairie Rose No. 309, Prairiedale No. 321, Preeceville No. 334, Progress No. 351, Reciprocity No. 32, Redburn No. 130, Reford No. 379, Reno No. 51, Riverside No. 168, Rocanville No. 151, Rodgers No. 133, Rosedale No. 283, Rosemount No. 378, Rosthern No. 403, Round Valley No. 410, Rudy No. 284, Saltcoats No. 213, Sarnia No. 221, Saskatchewan Landing No. 167, Saskatoon, Sasman No. 336, Scott No. 98, Senlac No. 411, Shamrock No. 134, Sherwood No. 159, Silverwood No. 123, Sliding Hills No. 273, Snipe Lake No. 259, Souris Valley No. 7, South Qu'Appelle No. 157, Spalding No. 368, Spy Hill No. 152, St. Andrews No. 287, St. Peter No. 369, St. Philips No. 301, Stanley No. 215, Stonehenge No. 73, Storthoaks No. 31, 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, Touchwood No. 248, Tramping Lake No. 380, Tullymet No. 216, Usborne No. 310, Val Marie No. 17, Vanscoy No. 345, Victory No. 226, Viscount No. 341, Wallace No. 243, Walpole No. 92, Waverley No. 44, Wawken No. 93, 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, Willowdale No. 153, Winslow No. 319, Wise Creek No. 77, Wolseley No. 155, Wolverine No. 340, Wood Creek No. 281, Wood River No. 74, Wreford No. 280
