Line 47556 – Return of fuel charge proceeds to farmers tax credit
Removal of fuel charge
On March 15, 2025, the Government of Canada made regulations that cease the application of the federal fuel charge.
With the removal of the federal fuel charge effective April 1, 2025, the Return of Fuel Charge Proceeds to Farmers Tax Credit in respect of the 2024-25 fuel charge year will be the final credit available to eligible farming businesses.
If you are a self-employed farmer or an individual who is a member of a partnership operating a farming business with one or more permanent establishments in Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island or Saskatchewan, you may be eligible to have a portion of fuel charge proceeds returned to you.
Note
This credit is considered assistance and must be included in farming income. For more information, see Form T2043, Return of Fuel Charge Proceeds to Farmers Tax Credit.
Partnerships
If you were a member of a partnership, you can claim the tax credit allocated to you by the partnership.
The amount you can claim is shown in box 237 of your T5013 slip for 2024 if the partnership is required to file a T5013 Partnership Information Return, or in a letter if the partnership is not required to file a T5013 return.
Note
This credit is taxable to you. Include the amount allocated to you by the partnership (box 237 of your T5013 slip or letter) in your farming income (line 14100 of the return).
How to claim this credit
Complete Form T2043, Return of Fuel Charge Proceeds to Farmers Tax Credit.
Forms and publications
Page details
- Date modified: