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Canary Seed Development Commission of Saskatchewan

Canary Seed Development Commission of Saskatchewan

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Canary Seed green field crop - photo by Serra McSymytz

Canary seed producers eligible for tax credits

The Scientific Research and Experimental Development (SR&ED) tax credit is a federal government program that encourages research and development by providing tax-based incentives.

For the 2023-24 year ending July 31, 2024, Canary seed producers may claim 31 per cent of their checkoff contributions as a qualifying SR&ED expenditure on their federal tax return. 

In addition, farm corporations may also claim 31 per cent of their levy contributions as a qualifying expenditure towards the Saskatchewan Research and Development Tax Credit program.

The tax credit percentages are based on the amount the Canary Seed Development Commission of Saskatchewan has invested in eligible research and development.

More information on the SR&ED program is available from Canada Revenue Agency: www.canada.ca/en/revenue-agency/services/scientific-research-experimental-development-tax-incentive-program.html

Producers that have requested a refund of their levy are not eligible for either tax credit.

Published under: News March 7, 2025
Previous Post:CSDCS Annual General Meeting and Information Session – December 12, 2024
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Canary Seed Development Commission of Saskatchewan

PO Box 22125 RPO Wildwood, Saskatoon, SK S7H 5P1

306-975-6624

office@canaryseed.ca


Learn more about Canary seed for human consumption at alpistecanada.ca.

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