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Return of Fuel Charge Proceeds to Farmers Tax Credit

T2043

Use this form to claim the return of fuel charge proceeds to farmers tax credit if you are a self-employed farmer or an individual who is a member of a partnership who operates a farming business with one or more permanent establishment(s) in one or more of the following designated provinces: Ontario (ON), Manitoba (MB), Saskatchewan (SK), Alberta (AB), Nova Scotia (NS), Prince Edward Island (PE), Newfoundland and Labrador (NL) or New Brunswick (NB).
The return of fuel charge proceeds to farmers tax credit is a refundable tax credit equal to the eligible farming expenses that can be attributed to a designated province for the tax year, multiplied by the payment rate specified for the calendar year for the designated province. Members of a partnership can claim their portion of the partnership's total credit based on their specified proportion.
If you operate multiple farming businesses, fill in only one Form T2043 and attach the applicable additional calculation chart(s) for each of your farming businesses.
Attach this form and additional calculation chart(s), if applicable, to your income tax and benefit return.
If you are claiming this credit for a trust, fill in this form and attach it to Form T3RET, T3 Trust Income Tax and Information Return.


67062			Tick this box if you have multiple farming businesses with one or more permanent establishment(s) in multiple provinces or territories.

How to fill in this form

Fill in Parts 1, 2 and 5 if you have:

one farming business with one or more permanent establishment(s) in only one designated province
multiple farming businesses, each of which have one or more permanent establishment(s) in the same designated province
multiple farming businesses, where, for example, one business has one or more permanent establishment(s) in only one designated province and another business has one or more permanent establishment(s) in a different designated province

Fill in Parts 1, 3, 4 and 5 if your farming business operates in more than one province or territory, where at least one is a designated province.

If you are an individual who did not incur any farming expenses, but you are a member of a partnership that incurred farming expenses, go to Part 5 and only fill in the applicable lines 67079 to 67082 and lines 67103 to 67106, as well as amounts 5C and 5D.

To fill in this form, you will need to refer to the Form(s) T2042, Statement of Farming Activities, you filed for your business(es). If you are participating in the AgriStability and AgriInvest programs, refer to the following applicable forms instead:

Form T1163, Statement A - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals
Form T1164, Statement B - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operations
Form T1273,Statement A - Harmonized AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals
Form T1274, Statement B - Harmonized AgriStability and AgriInvest Programs Information of Statement of Farming Activities for Additional Farming Operations

Software restrictions: Tax returns for Multiple Jurisdictions (T2203) are not currently supported. So field 67062, parts 3 and 4 are not supported and all farming businesses must be in the same province or territory.

Part 1 - Gross farming expenses
Fill in a separate Chart A for each business.


Total gross farming expenses for all of your businesses: Add amount 6 of every Chart A. See note 1.					67061

Note 1
If your total gross farming expenses for all businesses are $25,000 or more, you are eligible to claim the credit.

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Part 2 - Return of fuel charge proceeds to farmers tax credit (one designated province per farming business)
Fill in Part 2 for your farming businesses that have one or more permanent establishment(s) that operate in only one of the designated provinces.

Add all farming expenses in ON from amount 6 of Chart A

67063

ON payment rate

Add all farming expenses in MB from amount 6 of Chart A

67064

MB payment rate

Add all farming expenses in SK from amount 6 of Chart A

67065

SK payment rate

Add all farming expenses in AB from amount 6 of Chart A

67066

AB payment rate

Add all farming expenses in NS from amount 6 of Chart A

67091

NS payment rate

Add all farming expenses in PE from amount 6 of Chart A

67092

PE payment rate

Add all farming expenses in NL from amount 6 of Chart A

67093

NL payment rate

Add all farming expenses in NB from amount 6 of Chart A

67094

NB payment rate

Total: Add amounts 2A to 2H (enter this total at amount 5A).

Part 3 - Summary of eligible farming expenses allocated to a designated province
Fill in a separate Chart B for each farming business with one or more permanent establishment(s) in more than one province or territory, where at least one province is a designated province, to allocate eligible farming expenses to a designated province.



Gross income of the farming businesses reasonably allocated to the permanent establishment(s) in the designated province(s)

Add all ON amounts from row 1 of every Chart B									67067
Add all MB amounts from row 1 of every Chart B									67068
Add all SK amounts from row 1 of every Chart B									67069
Add all AB amounts from row 1 of every Chart B									67070
Add all NS amounts from row 1 of every Chart B									67095
Add all PE amounts from row 1 of every Chart B									67096
Add all NL amounts from row 1 of every Chart B									67097
Add all NB amounts from row 1 of every Chart B									67098

Salaries and wages paid to employees of the farming businesses reasonably allocated to the designated province(s)

Add all ON amounts from row 4 of every Chart B									67071
Add all MB amounts from row 4 of every Chart B									67072
Add all SK amounts from row 4 of every Chart B									67073
Add all AB amounts from row 4 of every Chart B									67074
Add all NS amounts from row 4 of every Chart B									67099
Add all PE amounts from row 4 of every Chart B									67100
Add all NL amounts from row 4 of every Chart B									67101
Add all NB amounts from row 4 of every Chart B									67102

Total gross income in all provinces and territories from all farming businesses: Add the amount from row 2 of every Chart B you fill in.									67075

Total salaries and wages paid to employees in all provinces and territories from all farming businesses: Add the amount from row 5 of every Chart B you fill in.									67076

Part 4 -

Return of fuel charge proceeds to farmers tax credit (more than one province or territory
per farming business, and at least one province is a designated province)

Fill in Part 4 to determine your eligible tax credit claim for each designated province in which your farming businesses operate.

Fill in a separate Chart C for each farming business.

Total credit in ON for all businesses: Add amount 7 of every Chart C

Total credit in MB for all businesses: Add amount 8 of every Chart C

Total credit in SK for all businesses: Add amount 9 of every Chart C

Total credit in AB for all businesses: Add amount 10 of every Chart C

Total credit in NS for all businesses: Add amount 11 of every Chart C

Total credit in PE for all businesses: Add amount 12 of every Chart C

Total credit in NL for all businesses: Add amount 13 of every Chart C

Total credit in NB for all businesses: Add amount 14 of every Chart C

Total: Add amounts 4A to 4H (enter this total at amount 5B).

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Part 5 - Total return of fuel charge proceeds to farmers tax credit

Fill in Part 5 to determine your total credit for all of your farming businesses.

Enter amount from 2I

Enter amount from 4I

Credit allocated from a partnership for ON
(amount from box 237 of your T5013 slips or letter (line 9951 of T2042))

67079

•

Credit allocated from a partnership for MB
(amount from box 237 of your T5013 slips or letter (line 9951 of T2042))

67080

•

Credit allocated from a partnership for SK
(amount from box 237 of your T5013 slips or letter (line 9951 of T2042))

67081

•

Credit allocated from a partnership for AB
(amount from box 237 of your T5013 slips or letter (line 9951 of T2042))

67082

•

Credit allocated from a partnership for NS
(amount from box 237 of your T5013 slips or letter (line 9951 of T2042))

67103

•

Credit allocated from a partnership for PE
(amount from box 237 of your T5013 slips or letter (line 9951 of T2042))

67104

•

Credit allocated from a partnership for NL
(amount from box 237 of your T5013 slips or letter (line 9951 of T2042))

67105

•

Credit allocated from a partnership for NB
(amount from box 237 of your T5013 slips or letter (line 9951 of T2042))

67106

•

Total credit allocated from partnerships: Add lines 67079 to 67082 and lines 67103 to 67106. See note 2.

Total credit for all businesses: Amount 5A plus amount 5B plus 5C (enter this amount on line 47556 of your income tax and benefit return). See note 3.

This credit cannot be shared with another individual.

Note 2
The credit allocated to an individual who is a member of a partnership is considered assistance. Therefore, you must include the portion of the credit allocated to each business on line 9951 of Form T2042 for that business when you calculate your net farming income in the tax year the credit is claimed.
If you participate in the AgriStability and AgriInvest programs, include these amounts on line 9951 of the respective Forms T1163, T1164, T1273 or T1274 instead.

Note 3
The credit for a self-employed farmer is considered assistance. Therefore, you must include the portion of the credit allocated to each business from amounts 5A and 5B of this form on line 9600 of Form T2042 for that business when you calculate your gross farming income in the tax year the credit is claimed
If you participate in the AgriStability and AgriInvest programs, include these amounts on line 9600 of the respective Forms T1163, T1164, T1273 or T1274 instead.

If you are claiming this credit for a trust, enter amount 5D on line 64 of Form T3RET.

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Chart A - Gross farming expenses

If you are participating in the AgriStability and AgriInvest programs, see note 4.


Total farming expenses (line 9898 of Form T2042)			1
	Mandatory inventory adjustments (line 9937 of Form T2042)	2
	Optional inventory adjustments (line 9938 of Form T2042)	3
	Non-arm's length transactions (total of all expenses incurred in a non-arm's length transaction in Part 4 of Form T2042)	4
Subtotal: Add amounts 2, 3 and 4			5

Gross farming expenses: Amount 1 minus amount 5.			6

Add amount 6 to line 67061 of Part 1.

Note 4
If you are participating in the AgriStability and AgriInvest programs, refer to the applicable Form T1163, T1164, T1273 or T1274 filed for your business instead of Form T2042. If you are using any of these forms, enter the following amounts:

amount from line 9968 at amount 1
amount from line 9937 at amount 2
amount from line 9938 at amount 3
total of all expenses incurred in a non-arm's length transaction from the "Expenses" section at amount 4

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Chart B - Calculation of eligible farming expenses allocated to a designated province


	ON	MB	SK	AB	NS	PE	NL	NB
1. Gross income ($) of the farming business reasonably allocated to the permanent establishment(s) in the designated province (applicable portion of line 9659 of Form T2042, excluding the credit). See note 5
2. Total gross income ($) of the farming business in all provinces and territories (line 9659 on Form T2042, excluding the credit). See note 6
3. Percentage (%) of gross income allocated to the designated province. Row 1 divided by row 2
4. Salaries and wages paid ($) to employees of the farming business reasonably allocated to the permanent establishment(s) in the designated province (applicable portion of line 9814 of Form T2042). See note 7
5. Total salaries and wages paid ($) to employees of the farming business in all provinces and territories (line 9814 of Form T2042). See note 8
6. Percentage (%) of salaries and wages allocated to the designated province. Row 4 divided by row 5
7. Total percentage (%) of expenses. Row 3 plus row 6
8. Percentage (%) of expenses allocated to the designated province. Row 7 multiplied by 50%. See note 9
9. Eligible farming expenses ($) of the farming business allocated to the designated province. Row 8 multiplied by amount 6 in Chart A for this business


Note 5:	If you are participating in the AgriStability and AgriInvest programs, enter the applicable portion of line 9959 of the applicable Form T1163, T1164, T1273 or T1274 instead. The gross income has to be allocated in accordance with section 2603 of the federal Income Tax Regulations. Add the amounts from row 1 to the appropriate line for the corresponding designated province in Part 3 (lines 67067, 67068, , 67069, 67070, 67095, 67096, 67097 and 67098).

Note 6:	If you are participating in the AgriStability and AgriInvest programs, enter the total of line 9959 of the applicable Form T1163, T1164, T1273 or T1274 instead. Add the total gross income of the farming business in all provinces and territories to line 67075 in Part 3.

Note 7:	If you are participating in the AgriStability and AgriInvest programs, enter the applicable portion of lines 9815 and 9816 of the applicable Form T1163, T1164, T1273 or T1274 instead. The salaries and wages paid to employees have to be allocated in accordance with section 2603 of the federal Income Tax Regulations. Add the amounts from row 4 to the appropriate line for the corresponding designated province in Part 3 (lines 67071, 67072, 67073, 67074, 67099, 67100, 67101 and 67102).

Note 8:	If you are participating in the AgriStability and AgriInvest programs, enter the total of lines 9815 and 9816 of the applicable Form T1163, T1164, T1273 or T1274 instead. Add the total salaries and wages paid to employees of the farming business in all provinces and territories to line 67076 in Part 3.

Note 9:	If either the total gross income from row 2 or the total salaries and wages from row 5 is NIL, do not multiply row 7 by 50%.

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Chart C -

Return of fuel charge proceeds to farmers tax credit (farming business in more than
one province or territory, and at least one province is a designated province)

Eligible farming expenses in ON row 9 of Chart B. Add amount 7 to amount 4A

ON payment rate

Eligible farming expenses in MB row 9 of Chart B. Add amount 8 to amount 4B

MB payment rate

Eligible farming expenses in SK row 9 of Chart B. Add amount 9 to amount 4C

SK payment rate

Eligible farming expenses in AB row 9 of Chart B. Add amount 10 to amount 4D

AB payment rate

Eligible farming expenses in NS row 9 of Chart B. Add amount 11 to amount 4E

NS payment rate

Eligible farming expenses in PE row 9 of Chart B. Add amount 12 to amount 4F

PE payment rate

Eligible farming expenses in NL row 9 of Chart B. Add amount 13 to amount 4G

NL payment rate

Eligible farming expenses in NB row 9 of Chart B. Add amount 14 to amount 4H

NB payment rate