How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Return of fuel charge proceeds to farmers tax credit?

Return of fuel charge proceeds to farmers tax credit is funded by Government of Canada

What are Return of fuel charge proceeds to farmers tax credit's eligibility criterias?

Must be a corporation operating a farming business Must have at least $25,000 in gross eligible farming expenses Expenses must be attributable to designated provinces for the applicable year

Return of fuel charge proceeds to farmers tax credit

Last Update: May 3, 2025

Canada

Refundable tax credit for farming businesses' eligible fuel expenses

Return of fuel charge proceeds to farmers tax credit at a glance

Eligible Funding

Min. $25,000

Timeline

Continuous Intakes

Financing Type

Tax Credits

Eligible Industries

Agriculture, forestry, fishing and hunting

Grant Providers

Government of Canada

Status

Open

Overview of the Return of fuel charge proceeds to farmers tax credit program

The Tax Credit for the return of products resulting from the fuel charge to farmers is a refundable financial aid intended for agricultural companies that incur costs related to the fuel charge. This program aims to compensate eligible agricultural businesses for their expenses incurred in certain provinces, as part of the federal carbon pricing system.

Financing terms and conditions

The credit amount is calculated by multiplying eligible farming expenses attributable to a designated province by the payment rate for that province and tax year, as specified by the Minister of Finance.

Eligible projects & activities

Operating farming businesses in designated provinces impacted by the federal carbon pollution pricing system.

Eligibility criteria of the Return of fuel charge proceeds to farmers tax credit program

The applicant must be a corporation operating a farming business.
The corporation must incur gross eligible farming expenses of at least $25,000 (subject to exclusions).
Eligible expenses must be attributable to one or more of the following provinces: Ontario, Manitoba, Saskatchewan, Alberta, and for 2023, also Newfoundland and Labrador, Prince Edward Island, Nova Scotia, or New Brunswick.

Who is eligible?

Corporations operating farming businesses with gross eligible farming expenses in designated provinces

Eligible expenses

Gross eligible farming expenses attributable to farming operations, as defined under the program and incurred in designated provinces.

Eligible geographic areas

Ontario
Manitoba
Saskatchewan
Alberta
Newfoundland and Labrador (for 2023)
Prince Edward Island (for 2023)
Nova Scotia (for 2023)
New Brunswick (for 2023)

How to apply to the Return of fuel charge proceeds to farmers tax credit program

Confirm eligibility requirements

Ensure your corporation operates a farming business
Verify that your gross eligible farming expenses are at least $25,000
Confirm expenses are in designated provinces (e.g., Ontario, Manitoba, Saskatchewan, Alberta, and for 2023: Newfoundland and Labrador, Prince Edward Island, Nova Scotia, or New Brunswick)

Calculate credit amount

Calculate the amount of gross eligible farming expenses for the tax year attributable to each designated province
Use the payment rate for each province as specified by the minister of Finance
Determine your total refundable tax credit amount

Prepare Schedule 63

Complete Schedule 63, Return of Fuel Charge Proceeds to Farmers Tax Credit, for the appropriate tax year
Gather supporting documentation of eligible expenses and business operations
Ensure all information is accurate and up to date

File tax return with Schedule 63

File your completed Schedule 63 with your corporation's tax return for the year
Enter the credit amount on line 795 of the federal tax return

Additional information

The credit is available for 2021 and subsequent calendar years.
The payment rate for the credit is determined annually by the minister of Finance.
Corporations must use Schedule 63 when filing for this credit.