Livestock Producers in Yellowhead Eligible for Tax Deferral

FOR IMMEDIATE RELEASE                                                                       February 19, 2020

OTTAWA: Gerald Soroka, Member of Parliament for Yellowhead, is pleased to inform constituents that livestock producers in prescribed drought, flood or excess moisture regions will be able to defer a portion of their 2019 sale proceeds of breeding livestock until 2020 to help replenish the herd.

The cost of replacing the animals in 2020 will offset the deferred income, thereby reducing the tax burden associated with the original sale.

Many of the eligible regions are located within Yellowhead. The full list can be found here.

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