Affinity Credit Union AgriInvest
Savings
Description:
AgriInvest is a farm savings program overseen by Agriculture and Agri-Food Canada (AAFC). Specifically designed to assist farmers in capitalizing on their successes and managing periods of reduced income, AgriInvest provides a strategic approach to planning for lean times and navigating market fluctuations. Affinity Credit Union supports farmers in utilizing this program to its fullest potential, helping them adapt to every change in their agricultural journey.
Comments on Funding:
With AgriInvest, you can deposit 100% of your Allowable Net Sales (ANS) each year and the provincial and federal governments will match 1%, up to a maximum of $10,000 each year. You’d need to deposit $1 million to realize the full government contribution.
Continuous Intake
Eligibility:
Applicants must:
1. be farmers participating in the Canadian federal government’s AgriInvest Program;
2. be Affinity Credit Union members;
3. be residents of Saskatchewan.
Application Steps:
For details, applicants must call Contact Center at 1.866.863.6237 or book an appointment online.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice