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AgriInvest: Agriculture and Agri-Food Canada #21

Open StephenOTT opened 6 years ago

StephenOTT commented 6 years ago
Application Process
Eligibility Criteria
How to Apply
Eligibility Criteria
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.

How to Apply
Step 1: Submit your AgriInvest application

Applying to AgriInvest is easy. The AgriInvest form is harmonized with the AgriStability form. The same financial information you submit for AgriStability will be used to calculate your AgriInvest benefit. Forms are available on the Publications and Forms page of this website or by calling AAFC toll free at 1-866-367-8506. The penalty-free deadline to apply is September 30. Applications will be accepted until December 31 with a penalty.

Step 2: Receive your AgriInvest Deposit Notice

Once your application is processed, you will receive a AgriInvest Deposit Notice showing the maximum amount you are entitled to deposit, and your current account balance.

Step 3: Visit a participating financial institution to open an AgriInvest account, and make your AgriInvest deposit

To open an account, bring your Account Initiation Form to any participating Financial Institution. You have 90 days from the date of your Deposit Notice to make a deposit and receive matching government contributions. After you make your deposit, AAFC will credit your account with matching government contributions.

Step 4: Withdraw your AgriInvest funds when you need it most

Once your deposit is processed and government contributions are credited to your AgriInvest account, you can withdraw your AgriInvest funds at any time through your financial institution.

AgriInvest is delivered by the federal government in all provinces except Quebec.

In Quebec, AgriInvest is delivered provincially by La Financière agricole.

http://www.agr.gc.ca/eng/?id=1291828779399