AgriInvest (British Columbia) helps you manage small income declines, and provides support for investments to mitigate risks or improve market income.
Individuals, partners in a partnership (except in Quebec), co-operatives, corporations, estates, trusts, limited partnerships (except in Quebec), and landlords in a joint venture are eligible to participate. To be eligible, you must have been engaged in the business of farming and reported sales of eligible commodities for tax purposes.
Status Indians farming on reserves in Canada who do not file a tax return are also eligible to participate in AgriInvest.
Each year, producers can deposit up to 100% percent of their Allowable Net Sales (ANS) into an AgriInvest account and receive a matching government contribution for the first 1.0%. For example, a producer with $100,000 in ANS could deposit up to $100,000 and federal and provincial governments would make a matching contribution totaling $1,000.
Producers have the flexibility to withdraw funds at any time.
Contact Name: AgriInvest - Contact information
Phone Number: 1-866-367-8506 (toll-free)