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Agri-Invest

Value

Varies

Description

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.

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

Each year, you can deposit up to 100% of your Allowable Net Sales to your AgriInvest account and receive a matching government contribution on 1% of your Allowable Net Sales.

Eligible Applicants

Generally, you are eligible for AgriInvest if you earn income from the primary production of agricultural commodities and you:

  • 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

*You are exempt from this condition if you are a Status Indian farming on a reserve in Canada and are not required to file an income tax return.

Who can participate?
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, and custom feedlot operators.

Eligible Expenses

Your AgriInvest account grows as you make deposits, receive matching government contributions and earn interest. You can withdraw funds from your AgriInvest account any time. Funds are withdrawn from your account in the following order:

  • Fund 2 – government contributions and interest (included in income for tax purposes)
  • Fund 1 – your deposits (not taxable)

Deadline Date

  Ongoing

Contact

Contact Name: AgriInvest Administration

Phone Number: 1-866-367-8506

Website: https://agriculture.canada.ca/en/agricultural-programs-and-services/agriinvest

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