Amount:

$10,000

Type of Program:

Grant


Description:

AgriInvest is a self-managed producer-government savings account designed to help farmers manage small income declines and make investments to manage risk and improve market income.

Farmers receive a matching contribution of up to $10,000 per year to help manage income declines or to make investments to mitigate on-farm risks. Their AgriInvest account grows as they make deposits, receive matching government contributions and earn interest.

Comments on Funding:

Funding is equal to 1.0% of the Participant’s Allowable Net Sales, up to a maximum of $10,000 (being 1.0 percent of $1 million in Allowable Net Sales).


When It Ends:

Ongoing

Deadline:

September 30
December 31

Eligibility:

Applicants must:

  • Earn income from the primary production of agricultural commodities
  • Farm in Canada.
  • File an income tax return reporting farming income (loss) to the Canada Revenue Agency by the final filing deadline for the program year
  • File an AgriInvest form reporting sales and purchases of allowable commodities by the final deadline for the program year

Participants include:

  • individual producers;
  • partners in a partnership;
  • corporations;
  • co-operatives;
  • communal organizations;
  • landlords in a joint venture;
  • estates;
  • trusts;
  • limited partnerships;
  • Status Indians and Band Farms farming on a reserve;
  • custom feedlot operators.

Applications Steps: 

1

Individual applicants must complete their AgriInvest form and send it to:

  • EFILE: Canada Revenue Agency;
  • Paper copy: Canada Revenue Agency Tax Centre, PO Box 14001 Station Main, Winnipeg MB R3C 3M3.

2

Corporation, Co-operative or Special Individual applicants must contact their local administration for a form. The local administration for Ontario is Agricorp.

Documentation Needed:

Applicants must file:

  • request a PIN by completing an AgriInvest New Participant Identification Number Request Form, if a new applicant who wants to EFILE with the Canada Revenue Agency (CRA). The PIN is the applicant's unique identifier for AgriInvest
  • complete their AgriInvest form and file it by the deadline.

Other Things to Note:

AgriInvest is one of the three federal-provincial-territorial (FPT) Business Risk Management (BRM) programs under the Canadian Agricultural Partnership. The other two are: AgriInsurance and AgriStability.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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