Retroactive costs will not be considered. BCCAF is intended to promote BMP adoption of climate change-friendly practices, not compensate for practices already in use. Retroactive costs include payments paid prior to the project start date, also includes any payments for goods and services received before the project start date.
A new practice is defined as a practice that you have not previously undertaken. This may include implementing a BMP where it has not been implemented before. Or it may include implementing a BMP which is better at reducing GHG emissions and storing carbon then what was in use before.
Yes. Funding received by farmers for the adoption of Beneficial Management Practices (BMP) through the BC Climate Agri-Solutions Program are considered a “farm support payment” by the Canada Revenue Agency (CRA). Payments received through this program are considered income for the farm business and are subject to Income Tax. IAF will provide an AGR-1, Statement of Farm-Support Payments slip for all recipients who receive payments over $100.
The only form of worker compensation that is eligible for cost-sharing are fees from external contractors. Farm employee wages are not an eligible expense, nor are fees paid to contractors who have any ownership stake in the farm.
You will have up to four months from your project approval date to complete projects and submit all eligible expenses for reimbursement. If you are not able to complete your project within the allotted timeframe, you may re-apply in the next funding window. We are not able to grant extensions to approved projects in this program.
Yes, this may be done by the applicant prior to applying; or it will be completed as part of the project approval process. If you have consulted with a PAg on your application before it is submitted, you will be required to indicate that in the application form. If you have not, your application will undergo additional technical review after submission.
You may not use any GHG emission reductions that arise from your project between the start and completion dates of the activities you undertake with program funding. This does not prohibit you from utilizing carbon credits in the future.