By Alice McFarlane

Initial list of Livestock Tax Deferral regions for 2025

Aug 18, 2025 | 1:48 PM

The federal government has provided the initial list of regions that will qualify for the Livestock Tax Deferral in 2025.

The provision allows livestock producers in these areas, who are forced to sell all or part of their breeding herd due to drought, excess moisture or flooding, to defer a portion of their income from sales until the following tax year.

To defer income, the breeding herd must have been reduced by at least 15 per cent.

In the case of consecutive years of drought, excess moisture or flooding, producers may defer sales income to the first year in which the region is no longer prescribed.

The income may be at least partially offset by the cost of reacquiring breeding animals, thus reducing the tax burden associated with the original sale.

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Agriculture and Agri-Food Minister Heath MacDonald said Canada’s new government is committed to supporting our livestock producers.

“By offering a tax deferral option to those in affected areas, we are helping folks manage uncertainty, make informed business decisions, and safeguard their livelihoods,” MacDonald said.

Buffer zones have been applied to capture impacted producers who are outside the boundaries of the prescribed regions but may be experiencing similar conditions.

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alice.mcfarlane@pattisonmedia.com