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Food Bank Tax Credit for Farmers

by Maurice | February 6, 2023

Amount:

No Fixed Amount

Type of Program:

Tax Credit


Description:

The Food Bank Tax Credit for Farmers is a non-refundable income tax credit for individuals or corporations that carry on the business of farming and donate agricultural products to eligible food banks in Nova Scotia.  

Comments on Funding:

The credit is 25% of the fair market value of the agricultural products donated.


When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be an individual who carries on the business of farming in Nova Scotia or the individual's spouse or common-law partner, 
  • a corporation that carries on the business of farming in Nova Scotia.

An eligible food bank is a person or entity:

  • that distributes food in Nova Scotia without charge for the relief of poverty as part of its mandate,
  • that is registered as a charity under the Income Tax Act (Canada).

Application Steps:

1

To claim the tax credit the applicant must submit the requested documents.

Documentation Needed: 

To claim the tax credit the applicant must:

  • submit electronically a completed Form NS 428 with his personal income tax and benefit return (T1 return) or file a paper return and attach his completed Schedule 9, if he is an individual or a sole proprietor.
  • be filing a completed Schedule 2, Charitable Donations and Gifts, with his corporation income tax return (T2 return), if it is a corporation.
  • keep all his receipts and documents in case he is asked for them later.

Other Things to Note:

Released December 2016 - Source 1
Date modified: 2022-05-16 - Source 2

Program Contact:

Food Bank Tax Credit for Farmers Guidelines.pdf

Nova Scotia food bank tax credit for farmers

Related posts:

Nova Scotia Small Business: Complete Guide for Entrepreneurs
How to Start a Business in Nova Scotia (2023): Step-by-Step Guide for New Entrepreneurs
Incorporating a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs
How to Register a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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