Eligible Wheat and Barley producers can claim SR&ED credit on their 2024 taxes
April 9, 2025 (Calgary, Alberta) – Wheat and barley producers who pay check-off through Alberta Grains (formerly Alberta Barley Commission and the Alberta Wheat Commission) and do not request a refund are eligible for a 32 per cent tax credit through the Scientific Research and Experimental Development Fund (SR&ED) program for their investment in research and development (R&D) projects. For example, producers who paid $100 in check-off on their wheat or barley in 2024 would earn $32 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 offers significant value, and I strongly encourage all eligible growers to take advantage of it,” says Scott Jespersen, Vice- Chair of Alberta Grains. “If you're an Alberta wheat or barley producer contributing through check-off, this is a great opportunity to apply meaningful financial support to your 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 media inquiries, please contact:
Brandi Chesney
Digital Media Coordinator
Alberta Grains
media@albertagrains.com