The federal government has released an initial list of regions eligible for the 2026 Livestock Tax Deferral program as producers deal with drought, excess moisture and flooding.<\/p>\n
Agriculture and Agri-Food Minister Heath MacDonald announced the first round of prescribed regions Sept. 1, saying extreme weather can create forage shortages and force livestock producers to make difficult herd-management decisions.<\/p>\n
The program allows producers in designated areas who are forced to sell part or all of their breeding herd because of forage shortages to defer a portion of the income from those sales until the following tax year.<\/p>\n
Herd reduction required<\/p>\n
To qualify, producers must reduce their breeding herd by at least 15 per cent.<\/p>\n
The deferred income can later be partially offset by the cost of replacing breeding animals when conditions improve, helping reduce the tax impact of forced livestock sales.<\/p>\n
Since 2024, neighbouring regions affected by similar drought, excess moisture or flooding conditions can also be prescribed under the program.<\/p>\n
MacDonald said the measure is intended to provide producers with more flexibility while dealing with weather-related disruptions.<\/p>\n
\u201cThrough the Livestock Tax Deferral provision, our government is giving them greater flexibility and certainty as they make important decisions about their herds and operations,\u201d he said in a release.<\/p>\n
Related Stories:<\/p>\n
More regions could be added<\/p>\n
The prescribed areas are selected using weather and climate information from the Canadian Drought Monitor.<\/p>\n
The federal government says it will continue monitoring conditions throughout the growing season and can add regions where drought, excess moisture or flooding significantly reduces forage production.<\/p>\n
Producers are also being encouraged to use other business risk management programs, including AgriStability, AgriInsurance and AgriInvest, when dealing with losses beyond their ability to manage.<\/p>\n","protected":false},"excerpt":{"rendered":"The federal government has released an initial list of regions eligible for the 2026 Livestock Tax Deferral program…\n","protected":false},"author":2,"featured_media":199016,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[61],"class_list":["post-199015","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ottawa","tag-ottawa"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/199015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=199015"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/199015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/199016"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=199015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=199015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=199015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}