AgriInvest

A Federal Government matched savings account for agricultural producers. AgriInvest allows producers to set money aside which can be used to recover from small income shortfalls, or to make investments to reduce on-farm risks.

Increase Your Savings: Expand/Collapse

"Your annual allowed deposit amount is matched by the government up to a certain limit."
- Contribute up to 100% of your Allowable Net Sales once a year, and the government will match the first 1% of your yearly contribution.
- Annual government matching contributions are limited to $15,000 per AgriInvest account.
- The maximum AgriInvest balance has increased to 400% of historical average Allowable Net Sales (allowing producers to make better use of AgriInvest to address income declines and better manage risk).

No Cost: Expand/Collapse

"You can operate this account at no cost."
- Free.
- No service charges on deposits or withdrawals.

Flexible: Expand/Collapse

"You will have access to the funds when you need it."
- Withdraw funds at anytime.

Cost savings/earned: Expand/Collapse

"Your earned interest is sheltered until withdrawn."
- Your investment grows tax-free until withdrawn.

"Your matching funds and interest earned are taxable only when withdrawn."
- Your government contributions, plus earned interest, grows tax-free until withdrawn.
- Withdrawals are first drawn from the taxable government contributions and interest earned, and then from the non-taxable producer deposits.

Growth: Expand/Collapse

"Your investment grows faster as interest earned is paid on our highest rate savings account."
- Interest:

  • Calculated daily.
  • Monthly compound interest.

Security: Expand/Collapse

"You can rest assured knowing your money is safe."
- Your funds are fully guaranteed through our unlimited deposit guarantee.

Immediate or detailed information: Expand/Collapse

"You have many different ways to access your account information or history."
- In-branch assistance.
- Detailed monthly statements.

Additional Information:

- Agriculture producers can only hold a single AgriInvest account.
- Annually participants will receive an AgriInvest Deposit Notice. This notice will provide the producer with the amount they are eligible to deposit.
- For more detailed information, visit http://www.agr.gc.ca/agriinvest

Who might benefit from this product/service?

- Eligible agricultural producers who receive a federal government issued AgriInvest Account Initiation Form.
- This includes individuals, corporations, co-operatives or communal organizations.

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