The Scientific Research and Experimental Development (SR&ED) Program is a federal government program that encourages research and development by providing tax-based incentives.
By using levy contributions to finance research and development work that benefits Western Canada oat producers, The Manitoba Oat Growers Association is able to participate in this program and distribute these tax-based incentives to producers.
The program gives registered oat producers access to investment tax credits (by means of cash refunds and/or reduction to taxes payable) for their levy contributions that are spent on qualifying research.
- For 2023, Manitoba producers may claim 10.7% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2022, Manitoba producers may claim 22.4% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
- For 2021, Manitoba producers may claim 19.5% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2020, Manitoba producers may claim 39.7% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2019, Manitoba producers may claim 35.4% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2018, Manitoba producers may claim 17.1% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2017, Manitoba producers may claim 23.6% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2016, Manitoba producers may claim 19.7% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2015, Manitoba producers may claim 18.9% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2014, Manitoba producers may claim 29.5% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2013, Manitoba oat producers may claim 20.2% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.
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For 2012, Manitoba oat producers could claim 23.1% of their levy contributions.
Investment tax credits may be claimed by filing form T2038(IND) for farm individuals or T2SCH31 for farm corporations.
