The AgriInvest program allows you to make an annual deposit into an account based on your allowable net sales (ANS). You, in turn, will then receive matching government contributions. The Canadian government pays 60% of the contributions and the Québec government 40%.
ANS correspond to the sales of allowable agricultural products minus the purchases of allowable products. For participating operations that also have supply-managed products, the ANS are calculated as follows:
Since ANS are calculated using an accrual method of accounting, the sales are adjusted to include changes in inventory. In addition, payments from certain other programs that compensate for the loss of an agricultural product are taken into account when calculating ANS (e.g.: crop insurance, private insurance).
As soon as you receive your Deposit Notice, you can deposit any amount you wish, up to the maximum allowed. Note that only one deposit is possible for each notice issued and must be made within 90 days following the issue date of the notice. Within 10 days of receiving your deposit, we will confirm in writing that the government's matching contribution was deposited into your operation's account.
You can withdraw any amount you wish, up to the balance in the account. The minimum withdrawal is $75. However, a withdrawal may be less than $75 if it brings the balance to zero or is used to pay an amount owed to La Financière agricole.
When a withdrawal is made, the amounts in the AgriInvest account must be withdrawn in full before a withdrawal from the Agri-Québec account can be made.
Withdrawals from certain funds are taxable. For more information on this topic, please see the program summary (PDF).
You can make a withdrawal:
You must submit a phosphorus report to the Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques by May 15 of every year. If your report does not comply or if you fail to submit it, penalties apply.