News release
FEDERAL TAX DEFERRAL TO HELP FARMERS IN MANITOBA
OTTAWA, July 24, 2002 - Owners of breeding livestock in parts of western Manitoba, forced to sell all or part of their herd in 2002 due to drought conditions, will be eligible for a one-year tax deferral on 2002 income from those sales.
The eligibility was made on the recommendation of Lyle Vanclief, Minister of Agriculture and Agri-Food, to John Manley, Minister of Finance.
The deferral was made after reviewing soil moisture and precipitation levels going into the 2002 growing season, and provides a management option to owners of breeding livestock forced to sell all or part of their herd due to drought conditions affecting feed or water supplies.
"By announcing this designation early in the year, the Government of Canada is working to be as responsive as possible to the dry conditions affecting western Manitoba," said Mr. Vanclief. "We hope this measure, together with the complementary suite of programs designed to help manage the risks of farming, will enable producers in the province to maintain their operations through this difficult period."
In designated areas of Manitoba, the deferral allows eligible producers to defer income tax on the sale of breeding livestock for one year to replenish breeding stock in the following year. In the case of consecutive years of drought designation, producers may defer sales income to the first year in which the area is no longer designated.
Eligible producers will be able to request this deferral when filing their 2002 income tax returns. Livestock producers are asked to contact their local Canada Customs and Revenue Agency office for details on the income tax provisions.
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Please see attached list of eligible designated areas in Manitoba.
For more information, media may contact:
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Donald Boulanger Press Secretary Minister Vanclief's office Ottawa (613) 759-1761 |
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Media Relations Agriculture and Agri-Food Canada Ottawa (613) 759-7972 |
2002 INITIAL DESIGNATIONS
MANITOBA
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RM 100 ALBERT RM 101 ARCHIE RM 102 ARGYLE RM 103 ARTHUR RM 106 BIRTLE RM 107 BLANSHARD RM 109 BRENDA RM 111 CAMERON RM 114 CLANWILLIAM RM 116 CORNWALLIS RM 117 DALY RM 118 DAUPHIN RM 122 EDWARD RM 123 ELLICE RM 124 ELTON RM 126 ETHELBERT RM 128 GILBERT PLAINS RM 130 GLENELLA RM 131 GLENWOOD RM 132 GRANDVIEW RM 134 HAMIOTA RM 136 HARRISON RM 137 HILLSBURG RM 141 LANGFORD RM 142 LANSDOWNE RM 143 LAWRENCE RM 147 MCCREARY RM 148 MINIOTA RM 149 MINITONAS RM 150 MINTO RM 153 MORTON RM 154 MOSSEY RIVER RM 155 NORTH CYPRESS |
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RM 157 OAKLAND RM 158 OCHRE RIVER RM 159 ODANAH RM 162 PIPESTONE RM 166 RIVERSIDE RM 167 ROBLIN RM 170 ROSEDALE RM 171 ROSSBURN RM 173 RUSSELL RM 179 STE. ROSE RM 180 SASKATCHEWAN RM 181-108 SHELLMOUTH-BOULTON RM 182 SHELL RIVER RM 183 SHOAL LAKE RM 184 SIFTON RM 186 SILVER CREEK RM 187 SOUTH CYPRESS RM 191 STRATHCLAIR RM 192 STRATHCONA RM 193 SWAN RIVER RM 196 TURTLE MOUNTAIN RM 199 WALLACE RM 202 WHITEHEAD RM 204 WHITEWATER RM 205 WINCHESTER RM 207 WOODWORTH RM 601 ALONSA RM 604 KELSEY RM 607 PARK (NORTH) RM 609 PARK (SOUTH) RM 617 MOUNTAIN (SOUTH) RM 618 MOUNTAIN (NORTH) |
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