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.
You may be eligible for this credit if both of the following apply:
- you are one of the following individuals:
- a self-employed person with a fiscal period beginning in 2024 and ending in 2025
- a graduated rate estate (GRE) with a tax year beginning in 2024 and ending in 2025
- an individual (including a trust) who was allocated a portion of the credit from a partnership for its fiscal period beginning in 2024 and ending in 2025
- you or the partnership operated a farming business that had one or more permanent establishments in a designated province
The designated provinces include Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan.
Partnerships
If you are an individual (including a trust) who is a member of a partnership operating a farming business in one or more designated provinces, you can claim the credit allocated to you for the partnership's fiscal period ending in 2025.
If the partnership had to file a T5013 Partnership Information Return, your share of the credit will be shown in box 237 of your 2025 T5013 slip. If the partnership did not have to file a T5013 return, you will receive a letter showing your share of the credit.
Note
This amount is taxable. Include it in your farming income on line 14100 of your return. For more information, see Form T2043, Return of Fuel Charge Proceeds to Farmers Tax Credit.
How to claim this credit
Complete Form T2043, Return of Fuel Charge Proceeds to Farmers Tax Credit.