This program is a great opportunity for your business. AgriInvest helps you manage small income declines and make investments to improve your market income. You can deposit up to 100% of your Allowable Net Sales each year and receive a matching government contribution on 1% of your Allowable Net Sales. This means your savings grow faster with government support.

Key Benefits:

• Self-managed savings account: Control your funds and withdraw anytime.
• Matching contributions: Boost your savings with government contributions.
• Interest earnings: Grow your account with interest over time.

Applying is straightforward, and qualifying is easy since your business already meets the criteria. By participating, you gain a financial cushion to manage risks and invest in your business's future.

Type of Financing: Grant

Repayment Terms and Interest Rates:

• There are no repayment terms or interest rates as this is a grant.

Eligible Expenses:

• Funds can be used for:
  • Managing small income declines.
  • Making investments to manage risk.
  • Improving market income.

Use of Funds:

• Funds cannot be used for:
  • Personal expenses.
  • Non-business-related activities.

Fees:

• There are no fees associated with this program.

AgriInvest is a program designed to help your business manage small income declines and make investments to improve your market income. You can deposit up to 100% of your Allowable Net Sales into a special savings account each year. The government will match 1% of your Allowable Net Sales as a contribution to your account.

Your AgriInvest account grows with your deposits, government contributions, and earned interest. You can withdraw funds anytime. Withdrawals are made in this order: government contributions and interest first (taxable), followed by your deposits (not taxable).

This program is available across Canada, except in Quebec, where it is managed provincially. AgriInvest offers a flexible and supportive way to safeguard your business income and invest in your future.

1. Gather Necessary Documentation: Prepare the following documents to complete your application:

   • Financial statements
   • Business plan
   • Proof of Allowable Net Sales
   • Identification documents
   • Bank account information

2. Complete the Application Form: Fill out the application form available on the official program website. Ensure all sections are completed accurately.

3. Submit the Application: Submit your completed application form and all required documents through the designated online portal or by mail, as specified by the program guidelines.

4. Review and Confirmation: After submission, monitor your email or account on the program portal for confirmation of receipt and any requests for additional information.

5. Await Approval: The program administrators will review your application. This process may take several weeks. Be prepared to provide any additional information if requested.

6. Set Up Your AgriInvest Account: Once approved, follow the instructions provided to set up your AgriInvest account. This will include linking your bank account for deposits and withdrawals.

7. Make Your Initial Deposit: Deposit up to 100% of your Allowable Net Sales into your AgriInvest account to receive the matching government contribution on 1% of your Allowable Net Sales.

8. Monitor and Manage Your Account: Regularly check your account for updates, contributions, and interest earned. You can withdraw funds as needed, following the program’s guidelines on fund withdrawal order.

By following these steps, you can successfully apply for and manage your participation in the program.