OLIVER – Local residents who use food banks and school lunch programs will now have greater access to healthy, local food that has been donated by their neighbours, thanks to the new Farmers’ Food Donation Tax Credit, Boundary-Similkameen MLA Linda Larson said today.
“The hard-working people who grow food in Boundary-Similkameen give back to our communities in so many ways,” Larson said. “This program will put even more of our region’s world-class agricultural products on more tables.”
The tax credit, worth 25 per cent of the fair market value, is available to individuals and corporations that carry on the business of a farming and donate a qualifying agricultural product to a registered charity.
The agricultural product may include meat products, eggs or dairy products, fish, seafood, fruits, vegetables, grains, pulses, herbs, honey, maple syrup, mushrooms, nuts or other produce that has been grown, raised or harvested on a farm in B.C.
The tax credit was introduced with Budget 2016, the B.C. government’s fourth-consecutive balanced budget. The credit is available for the 2016, 2017 and 2018 tax years, after which the credit will be reviewed.