SaskBarley Announces 2021 SR&ED Rates
For the crop year ending July 31, 2021, producers may claim 45.9% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
In addition, farm corporations may also claim 23.1% of their levy contributions as a qualifying expenditure towards the Saskatchewan Research and Development Tax Credit program. This credit may be claimed by filing form T2SCH403.
Producers that have requested a refund of their levy are not eligible for either tax credit.