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Food Bank Tax Credit for Farmers

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

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