“This
week, the Ontario Government made history by becoming the first
province in Canada to provide a tax credit for farmers who donate
fruits and vegetables to local food banks. Beginning in January 2014,
farmers in Ontario will receive a 25 per cent tax credit based on the
fair market value of produce that they donate to local food banks and
community meal programs.”
This should be a no brainer for all the provinces and indeed even
the Feds but please note that it is a tax CREDIT so that small
producers who may well be having difficulty in making any great
profit will receive minimal benefit for it. Tax credits, be it for
donations or medical expenses or whatever, are great for those who's
income is such that they pay substantial taxes but does little for
those living closer to the subsistence level.
Still every little helps and the food banks certainly need the
help for there are still thousands of families in Canada who rely
upon them.
No comments:
Post a Comment