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Livestock Tax Deferral Provision
Tax deferral for livestock producers in some Atlantic regions
Last Update: March 4, 2026
Funding available
Up to 15% of project cost
Timeline
- Open continuously
Location
Canada
Overview
If you sold at least 15% of your breeding herd due to drought or flooding in Gaspésie, New Brunswick, Prince Edward Island or Northwestern Nova Scotia, you can defer up to 90% of the sale proceeds to the following year.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Up to 15% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
Location
- Canada
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
Next Steps
1
Determine your project
2
Validate your eligibility
Eligibility
Who is eligible?
The Livestock Tax Deferral provision is available to farmers operating within prescribed regions who have sold part of their breeding herd due to adverse weather conditions. Specifically, it targets those in identified drought or flood zones who have had to reduce their breeding herd by at least 15%.Who is not eligible
This provision primarily targets farmers within specific prescribed regions affected by drought or flooding. There are no explicit mentions of other industries or businesses being eligible or restricted.
Eligible geographic areas
This provision benefits farmers operating in specified regions identified due to adverse weather conditions. Eligibility is determined by drought and flood region designations.
- Designated drought and flood regions as prescribed by the Canadian government.
- Regions adjacent to the prescribed drought and flood regions beginning in 2024.
Additional information
Here are additional relevant details for this grant:
- Regions adjacent to qualifying areas are also included to ensure broader coverage for farms affected by adverse weather conditions.
- Updates to prescribed regions are monitored and communicated throughout the growing season to keep farmers informed.
- The process for identifying prescribed regions has been streamlined to allow earlier identification and assistance for farmers.
- The Canadian Drought Monitor plays a crucial role in gathering data used to identify prescribed regions.
Contacts
Frequently Asked Questions about the Livestock Tax Deferral Provision Program
Here are answers to the most common questions about the Livestock Tax Deferral Provision. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Livestock Tax Deferral Provision?
If you sold at least 15% of your breeding herd due to drought or flooding in Gaspésie, New Brunswick, Prince Edward Island or Northwestern Nova Scotia, you can defer up to 90% of the sale proceeds to the following year.
How much funding can be received?
Livestock Tax Deferral Provision Funds up to 15% of admissible expenses.
Who is eligible for the Livestock Tax Deferral Provision program?
To be eligible for the Livestock Tax Deferral Provision program, you must:
Farmers must carry on a farming business in a prescribed area.
The breeding herd must have been reduced by at least 15% due to drought, excess moisture, or flooding.
Who can I contact for more information about the Livestock Tax Deferral Provision?
You can contact Agriculture and Agri-Food Canada (AAFC) by email at aafc.taxdeferral-reportdelimpot.aac@agr.gc.ca.
Where is the Livestock Tax Deferral Provision available?
The Livestock Tax Deferral Provision program is available across Canada.
Is the Livestock Tax Deferral Provision a grant, loan, or tax credit?
Livestock Tax Deferral Provision is a Tax Credits
Who are the financial supporters of the Livestock Tax Deferral Provision?
Livestock Tax Deferral Provision is funded by Agriculture and Agri-Food Canada (AAFC), Government of Canada