AgriInvest Program: Quick Guide for Farmers
Description:
Canadian Agricultural Partnership’s AgriInvest program 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).
Eligibility:
Applicants must:
Participants include:
Applications Steps:
Individual applicants must:
a) complete their AgriInvest form and send it to:
i) EFILE: Canada Revenue Agency;
ii) Paper copy: Canada Revenue Agency Tax Centre, PO Box 14001 Station Main, Winnipeg MB R3C 3M3;
b) contact La Financière agricole at 1-800-749-3646 or online for more information on how to apply, if they farm in Quebec.
Corporation, Co-operative or Special Individual applicants must:
a) send the form to Canada Revenue Agency and a paper copy to AgriInvest Administration PO Box 3200 Winnipeg MB R3C 5R7;
b) contact their local administration for a form, if they farm in Alberta, Saskatchewan, Ontario, or Prince Edward Island;
c) contact La Financière agricole at 1-800-749-3646 or online for more information on how to apply, if they farm in Quebec.
Documentation Needed:
Applicants must file:
Other Things to Note:
- AgriInvest is one of the Business Risk Management programs under the Canadian Agricultural Partnership (CAP) five-year, $3 billion investment by federal, provincial and territorial governments to strengthen the agriculture and agri-food sector.
Program Contact:
When It Ends:
Ongoing
Deadline:
September 30
December 31