B.C. Farmer's Food Donation Personal Income Tax Credit
Farmer's who donate certain agricultural products (milk, eggs, meat, produce) to registered charities are eligible for tax credits on any donations occurring before January 1, 2027. The donations must have been produced on British Columbia farms, and the credit is 25 percent of the eligible amount of qualifying gifts for that tax year.
Donations must be assessed at fair market value based on the quantity and quality of the agriculture product. The donee must issue a charitable receipt with a detailed descriptions of the goods donated in order for eligibility for the tax credit.
Some charities that could benefit from such donations include local area food banks, Canadian Food for Children, Action Against Hunger, and Second Harvest. To confirm that your charity is in good standing, click this link. You will need the name of the organization.
Farmers and their spouses or common-law partners are eligible to claim the credit on the British Columbia Tax Form (BC428). This must be claimed as a charitable gift within five years of the donation being made. This credit is also open to farming corporations. If you have donated with a group, you may receive a receipt for your portion of the donation. The charity must be able to identify who donated which portions of the gift, so if you hope to claim this donation, make certain you include detailed donor information with the donation so the charity is able to issue separate receipts.
For more information, see the B.C. Farmers' Food Donation Tax Credit FAQ page.