March 7, 2023 (Calgary, Alberta) – Barley producers who pay check-off through Alberta Barley and do not request a refund are eligible for an 11 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, producers who paid $100 in check-off to Alberta Barley in 2022 would earn $11 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).

“The SR&ED program is incredibly beneficial and I would encourage all eligible barley growers to utilize it,” says Alberta Barley chair, Tara Sawyer. “If you’re a producer who pays Alberta Barley checkoff, this is an excellent financial incentive to apply to your on-farm operations.”

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

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

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

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

For media inquiries, please contact:
Harley Groeneveld
Marketing Communications Specialist
Alberta Wheat and Barley Commissions
hgroeneveld@albertawheatbarley.com
403-219-7906