Promoting Canadian Oats

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 Saskatchewan Oat Development Commission 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 2018, Saskatchewan producers may claim 27.1% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.

For 2017, Saskatchewan producers may claim 31.1% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.

For 2016, Saskatchewan producers may claim 24.5% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.

For 2015, Saskatchewan producers may claim 22.2% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.

For 2014, Saskatchewan producers may claim 20.2% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.

For 2013, Saskatchewan producers may claim 28.6% of their levy contributions as a qualifying SR&ED expenditure on their federal tax return.

For 2012, Saskatchewan producers could claim 24.6% of their levy contributions.

Investment tax credits may be claimed by filing form T2038(IND) for farm individuals or T2SCH31 for farm corporations.

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