AgriInvest: Fact Sheet
Participating in AgriInvest
AgriInvest helps you manage small income declines, and provides support for investments to mitigate risk or improve market income. Your AgriInvest account builds as you make annual deposits based on a percentage of your Allowable Net Sales (ANS) and receive matching contributions from federal, provincial and territorial governments. You can withdraw funds from your AgriInvest account at any time.
Participating in AgriInvest in Four Easy Steps:
Step 1: Complete and submit an AgriInvest form by the deadline
You must submit your AgriInvest form by the established deadline. If you miss the deadline, you can still submit the form for up to three months past the deadline. However, your maximum matchable deposit will be reduced by 5% for each month (or part of a month) that your application was submitted late.
Step 2: Receive your AgriInvest Deposit Notice
Once your application is processed you will receive an AgriInvest Deposit Notice showing the maximum amount you are entitled to deposit.
Step 3: Make your AgriInvest deposit
You must make your deposit to your AgriInvest account held at your financial institution by the deadline date indicated on your AgriInvest Deposit Notice to receive matching government contributions.
Note: If you are a first time participant in AgriInvest or you participated in a previous year but did not open an AgriInvest account at a participating financial institution you will be sent an Account Initiation Form along with your AgriInvest Deposit Notice. Complete and sign the Account Initiation Form and present it to a participating financial institution to open your AgriInvest account. Your financial institution will notify the Administration once you have opened an account.
Step 4: Withdraw your AgriInvest funds when you need it most
You can withdraw your AgriInvest funds at any time.
1. Complete and submit a 2014 AgriInvest form by the deadline
Apply using the correct AgriInvest form. For information on the correct form to submit, see the chart at the bottom of the page. The deadline to submit your AgriInvest application is September 30, 2015. If you miss the September 30 deadline, you can still submit your application until December 31, 2015. However, your maximum matchable deposit will be reduced by 5% for each month (or part of the month) that your application was submitted late.
2. Receive your AgriInvest Deposit Notice
Once your application is processed you will receive a 2014 AgriInvest Deposit Notice showing the maximum amount you are entitled to deposit.
3. Make your AgriInvest deposit
Starting with the 2013 program year, you can deposit up to 100% of your Allowable Net Sales annually, with the first 1% matched by governments. The limit on matching government contributions is $15,000 per year.
You can only make one deposit per Deposit Notice. If you deposit less than your maximum matchable deposit amount, you will not have an opportunity to make the rest of the deposit and receive matching government contributions at a later date.
4. Withdraw your AgriInvest funds
You can withdraw funds from your AgriInvest account at any time.
Completing your 2014 AgriInvest Application
For individual producers, the AgriInvest application is harmonized with the AgriStability and income tax form. For corporations, the application is harmonized with the AgriStability application. Complete and submit an AgriInvest application as outlined on the chart at the bottom of the page.
Adjustments and Appeals
You can request an adjustment to the information used in calculating your ANS for the program year by completing and submitting an adjustment request form to the Administration. For information on the correct adjustment form to submit, see the chart at the bottom of the page.
Any adjustments to your 2014 AgriInvest information affecting your taxable income must have been filed with the Canada Revenue Agency and are subject to verification and/or audit. Adjustments you submit may also affect other government programs in which you participate. All adjustments received by the Administration will be processed to ensure the correct ANS is used in the calculation of the maximum account balance. However, the impact of an adjustment on matchable deposits depends on when the adjustment is submitted.
Adjustments received up to 18 months from the date of the original Deposit Notice: All adjustments made during this time period must increase your matchable deposit by $75.00 or more in order for you to be eligible to make an additional deposit and receive matching government contributions.
Any additional deposits resulting from an adjustment must be made within 90 days of notification. Any subsequent adjustments related to that adjustment must be made within 90 days of notification or within 18 months of the original Deposit Notice, whichever is later.
Adjustments received after 18 months from the date of the original 2014 Deposit Notice: You will not be eligible to make an additional deposit nor receive matching government contributions for these adjustments.
If the adjustment results in a decrease to your maximum deposit of $75.00 or more, you will be required to repay the amount that was overpaid. If the adjustment is not accepted, you have 90 days from the date of written notification to request an appeal.
If you feel that program rules were not correctly applied in the processing of your application, you may request a review of the application by the Administration. If the Administration cannot resolve your concerns, your request may be referred to an Appeals Committee. The Appeals Committee will review the appeals in accordance with procedures established by the Administration, and the agreements governing the program. For more information about appeals and appeal deadlines, see the AgriInvest Appeal Process fact sheet.
For More Information
Please call the AgriInvest Administration toll-free at 1-866-367-8506.
|Participant Type||Province||Form||Send Form To||Adjustment Request Form||Send Adjustment Request Form To|
|* Your provincial AgriStability Administration will forward the information to the AgriInvest Administration.
** An AgriInvest adjustment request form is not available for corporations/cooperatives and special individuals in AB, SK, ON and PEI. Please submit a letter with your adjustment request to the AgriInvest Administration.
|Individual||BC, MB, NB, NL, NS and the YK||T1273 Statement A - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals||
Canada Revenue Agency Tax Centre
|T1275 - AgriStability and AgriInvest Additional Information and Adjustment Request Form||
|AB, SK, ON, PEI||T1163 Statement A - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals
||RC322 - AgriInvest Adjustment Request|
|Corporation, Co-operative, Special Individual||BC, MB, NB, NL, NS and the YK||2014 AgriStability and AgriInvest Statement A
Corporations/ Co-operatives and Special Individuals
|AgriStability and AgriInvest Additional Information and Adjustment Request Form|
|AB, SK, ON, PEI||Apply through your provincial AgriStability Administration*||
Contact your provincial AgriStability Administration at:
|Submit your request in writing along with any supporting documentation**|
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