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Can the RC Wage Credit be taken for farm workers?

April 26, 2017credit farm RC Wage Workers

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Can the RC Wage Credit be taken for farm workers?

1 Answer

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If the employer’s principal activity is farming, the credit is available for employees only if the sum of value of the assets owned or leased by the employer for use in the farming business does not exceed $500,00. The definition of farming and the method of calculating the value of the assets are found in the tax laws; and the employer should consult its legal advisor on this matter before taking the credit.