Press Releases

Barley farmers can claim 12 per cent SR&ED credit on their 2021 taxes

Barley farmers who pay the Alberta Barley check-off are eligible for a 12 per cent tax credit through the Scientific Research and Experimental Development Fund (SR&ED) program for their investment in barley research and development (R&D) projects. For example, farmers who paid $100 in check-off to Alberta Barley in 2021 would earn $12 in tax credit.

The federal SR&ED program encourages R&D investment through tax-based incentives, giving claimants tax credits for their expenditures on eligible R&D work. The tax credit percentage is based on the amount invested in R&D that meets the criteria laid out by the Canada Revenue Agency (CRA).

Farm individuals should use form T2038 (IND) to claim this credit when filing their taxes while farm corporations must use form T2SCH31.

For more information, contact the Canada Revenue Agency directly, or visit the CRA website.

Farmers who have requested a refund of their check-off are not eligible for the tax credit.

For more information about claiming the SR&ED credit, please contact:
Syeda Khurram
Chief Operating Officer
Alberta Wheat and Barley Commissions
skhurram@albertawheatbarley.com
403-219-6264

For media interviews, please contact:
Erin Tateson
Marketing Communications Manager
Alberta Wheat and Barley Commissions
etateson@albertawheatbarley.com 
403-219-7902