AgriInvest

AgriInvest

AgriInvest is a government-matched savings account for agricultural producers. AgriInvest allows producers to set money aside to protect themselves from income declines. Within limits, the goverment will match those deposits.

Each year, producers can deposit up to 1.5 percent of their Allowable Net Sales (ANS) into an AgriInvest account and receive a matching government contribution. For AgriInvest purposes, eligible participants are limited to ANS of $1,500,000 per year. Based on this limit, the largest matching government contribution would be $22,500.

Producers have the flexibility to withdraw funds at any time.  All funds grow tax-free until withdrawal. Upon withdrawal, government funds and interest earned are determined to be investment income.  Withdraw of producer deposits are not a taxable disposition.  

Need more info? Click here for the Governement of Canada AgriInvest webpage. Or ready to set up an account? Our friendly and knowledgable staff are happy to help!  Stop by one of our great local branch locations today!