Regulations made under the Taxation Act, 2007 concerning the Community food program donation tax credit for farmers
Regulation - LGIC
Bill or Act:
Taxation Act, 2007
Summary of Decision:
These regulations have now been made and filed.
March 3, 2014
Summary of Proposal:
Two regulations are proposed.
The first would be a Minister's regulation prescribing taxation years in which the community food program donation tax credit for farmers could be claimed.
The second would be a Lieutenant Governor in Council's regulation prescribing rules for the credit, including the meaning of "agricultural product" and conditions that must be satisfied by an eligible community food program.
Personal Income & Payroll Tax Design
Ministry of Finance
Frost Building South
7 Queen's Park Crescent, 5th Floor
Toronto ON M7A 1Y7
September 29, 2014