AAFC AgriInvest
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.
Offered by Agriculture and Agri-Food Canada
Amount
Deposit up to 100% of your Allowable Net Sales and receive a matching government contribution on 1% of your Allowable Net Sales (Allowable Net Sales limited to $1 million when calculating your matchable deposit)
Quick eligibility check
Who can apply
You must meet all of the following criteria to be eligible.
- You farm in Canada
- You or your farm operation are one of the following:
- individual producer
- partner in a partnership
- corporation
- co-operative
- communal organization
- landlord in a joint venturenote 1
- estate
- trust
- limited partnership
- Status Indian and Band Farm farming on a reserve
- custom feedlot operatornote 2
- You file an income tax return reporting farming income (loss) to the Canada Revenue Agency by the final filing deadline for the program yearnote 3
- You report sales and purchases of allowable commodities to the program by the final deadline for the program year
- You meet the terms of any conditions set by your province or territory to receive a benefit from the program
- For more information visit What is cross compliance?
You need to meet all the eligibility criteria to qualify for the program.
If you meet all the eligibility criteria, you may qualify for the program.
Note 1
If you farm as a landlord, you're only eligible if:
- you're in a joint venture with the tenant
- your share of allowable purchases is reasonable for your share of allowable income
Landlord income from cash rent or payments-in-kind, for crop or livestock shares or lease arrangements is rental income for tax purposes and non-allowable for the program.
Note 2
If you're a custom feedlot operator, you're eligible based on the value of allowable commodities you produce (or purchase) and feed to livestock.
Note 3
If you're a Status Indian farming on a reserve in Canada and aren't required to file an income tax return, you're exempt from this condition.
What is eligible for AgriInvest?
- Most primary agricultural commodities are eligible for AgriInvest as long as they are produced in CanadaFootnote 1. For example:
- grains, oilseeds and special crops
- horticulture
- livestock Agricultural products that you produce and process on your farm may also be eligible providing you report the revenue from processing as farming income (loss) to the Canada Revenue Agency. Some examples of processed products include:
- strawberries made into jam
- beef made into beef jerky
- beeswax made into candles
- grain made into flour If you farm as a custom feedlot operator, you are eligible based on the value of allowable commodities you produce (or purchase) and feed to livestock. You must also make an appreciable contribution to the growth and maturity of the livestock. Only the income you earn on your production while it is under your control is eligible for AgriInvest. When the point of sale occurs is determined by the following conditions:
- you produce the commodity on your farm
- it is separate and identifiable from other's commodities
- you bear full risk for the commodity
- you have a separate invoice that shows the sale value and any deductions from the sale value For information on point of sale, see What is point of sale?
If your average Allowable Net Sales (ANS), before the ANS limit is applied, is $1 million or more for the previous 3 program years, you must have an eligible and valid agri-environmental risk assessment to receive matching government contributions.
AgriInvest is delivered by the federal government in the Northwest Territories, Yukon and all provinces except Quebec.
In Quebec, AgriInvest is delivered provincially by La Financière agricole.
Not eligible:
Ineligible applicants include
government funded organizations, including research stations, universities and colleges
landlords earning rental income (cash rent or payments-in-kind) for crop or livestock shares or arrangementsnote 3
former federal public office holders or public servants who are not in compliance with federal conflict of interest guidelines
dissolved corporations
About the funding
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. For more information, visit How is your deposit calculated?
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)
Show all funding details
- Fund 1 – your deposits (not taxable)
- When we calculate your ANS for a program year to determine your matchable deposit, your ANS is limited to $1 million
- However, we don’t apply the $1 million ANS limit when calculating your average ANS to determine if you must have an agri-environmental risk assessment for the program year
What is your deposit based on?
- Your deposit is based on a percentage of your Allowable Net Sales.
What are Allowable Net Sales? Allowable Net Sales are the gross sales minus purchases of your allowable commodities.
When your financial institution confirms that you made your deposit, we will credit matching government contributions to Fund 2 of your account.
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