Form T2 Schedule 393 Manitoba Nutrient Management Tax Credit (2012 and Later Tax Years) - Canada

Form T2 Schedule 393 Manitoba Nutrient Management Tax Credit is used by Canadian businesses to claim the nutrient management tax credit in the province of Manitoba.

The farmer or agricultural producer in Manitoba files the Form T2 Schedule 393 for the Nutrient Management Tax Credit in Canada.

FAQ

Q: What is Form T2 Schedule 393?A: Form T2 Schedule 393 is a tax form in Canada.

Q: What is the Manitoba Nutrient Management Tax Credit?A: The Manitoba Nutrient Management Tax Credit is a tax credit available to farmers in Manitoba.

Q: What is the purpose of Form T2 Schedule 393?A: The purpose of Form T2 Schedule 393 is to calculate and claim the Manitoba Nutrient Management Tax Credit.

Q: Who is eligible for the Manitoba Nutrient Management Tax Credit?A: Farmers in Manitoba who meet certain criteria are eligible for the tax credit.

Q: What are the criteria for eligibility?A: To be eligible for the tax credit, farmers must have a Manitoba farm business number, incur eligible expenses, and meet specific program requirements.

Q: What expenses are eligible for the tax credit?A: Eligible expenses include the cost of nutrient management plans, soil and manure analyses, and soil conservation measures.

Q: How is the tax credit calculated?A: The tax credit is calculated based on a percentage of eligible expenses, up to a maximum credit amount.

Q: How can farmers claim the tax credit?A: Farmers can claim the tax credit by completing Form T2 Schedule 393 and including it with their income tax return.

Q: Is the tax credit refundable?A: No, the tax credit is non-refundable, but it can be carried forward and applied against tax owing in future years.

Q: What are the tax years for which this form is applicable?A: Form T2 Schedule 393 is applicable for tax years starting in 2012 and later.