Published | Category : Income tax - businesses

Increase in the Eligible Amount of Food Donations by Processors

As of March 27, 2015, the eligible amount of certain food donations made by a recognized farm producer can be increased by 50% if they are made to a registered charity that is either the Food Banks of Québec network or a Moisson member.

To take into account the fact that associate members of the Food Banks of Québec network can also solicit donations from local food suppliers, the increase in the eligible amount of donations of eligible agricultural products will cover any donation made after March 17, 2016, to a registered charity that is an associate member.

In addition, to ensure that the Food Banks of Québec network, a Moisson member or an associate member will receive quality food products in sufficient quantity throughout the year, the eligible amount of a food donation made, after March 17, 2016, by a corporation, partnership or individual carrying on a food processing business to a registered charity that is either the Food Banks of Québec, a Moisson member or an associate member may be increased by 50% for the purposes of calculating the deduction for donations and gifts or the non-refundable tax credit for donations and gifts, as applicable, if the donation consists of eligible food.

For more information, see pages A.73 to A.74 of the document entitled Additional Information 2016-2017 (PDF – 2.88 MB), published by the Ministère des Finances.

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