TORONTO, November 7, 2022 – Ontario Racing’s Thoroughbred Improvement Program’s (TIP) Mare Purchase Program (MPP) is back in time for the upcoming breeding stock sales, with a total budget of $800,000.
The MPP provides Ontario residents who purchase an in-foal mare at a recognized public auction outside of Ontario, a rebate of 50 per cent of the purchase price up to $25,000 CAD. There is a maximum distribution of $75,000 CAD for any one individual, partnership, corporation or other ownership group.
The MPP is operated on a first come, first served basis, and in order to qualify for the program, participants must provide specific documents as part of their application.
Please review the information page on the TIP website to ensure your application is correctly submitted in full. Reminder, Ontario residents applying for the program must possess a valid AGCO license.
A complete application includes:
- An invoice from a recognised public sales company, along with proof of payment.
- A copy of the mare’s Registration Papers.
- Proof of residency
- A commitment that the mare will be enrolled in and complete the requirements of the Mare Residency Program as outlined here
In addition to the 50 per cent rebate of the purchase price, there is a $2,500 CAD breed back bonus for every mare that is bred back to a Registered Ontario Sire in the 2023 breeding season upon declaration of live foal with The Jockey Club.
For more information about the MPP please email email@example.com