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Qualified Alberta Pulse Growers Eligible for 21% Tax Credit for Investing in Research MAR 13 2017 | Producers | News Release

The Alberta Pulse Growers Commission has confirmed that pulse growers who paid service fees (check-off) are again eligible for the Scientific Research and Experimental Design (SR&ED) Tax Credit.

The SR&ED Tax Credit can be earned on the portion of the producers’ service fees which were paid to an approved research entity as determined by the Canada Revenue Agency (CRA). Each year, a percentage of the Alberta Pulse Growers investment into research is calculated for the per cent eligible for that tax year. Producers who have paid check-off this past year and have not asked for refunds are eligible claimants for this year’s credit.

For the 2015–16 fiscal year, 21 per cent of pulse check-off fees that were deducted from a producer’s cash ticket are eligible for the tax credit.

The SR&ED Tax Credit application form can be downloaded directly from the CRA website. Individual producers need to apply using the form T2038 (IND) and Canadian controlled private corporations should utilize the form T2SCH31.

For more detailed information about the SR&ED Tax Credit, APG advises you to contact an accountant or the Canada Revenue Agency.

The Alberta Pulse Growers Commission represents 5,000 growers of field pea, dry bean, lentil, chickpea, faba bean and soybean in Alberta. Our vision is to have Alberta pulses recognized by consumers as environmentally friendly, healthy, nutritious, and recognized by all producers as being an essential element in a sustainable cropping system.

For more information, please contact:

Rachel Peterson
Communications Coordinator
T 780.986.9398 ext. 3
E rpeterson@pulse.ab.ca