The assistance offered is a lump sum equal to 2% of the arm’s length wage expenditure submitted by the business for the previous year.
A 0.4% bonus will be calculated if your business is majority owned by one or more persons from the targeted groups. These groups have been selected by the federal government to promote their representation in the agricultural sector.
It is possible to combine two or more people from different target groups. For example: 30% of the shares held by a woman and 30% of the shares held by an aspiring farmer result in 60% of the shares held by people from the target groups. Consequently, the bonus will be calculated.
You may apply for a higher or lower amount of assistance than the lump sum allowance. However, if you request a higher amount of assistance than the calculated lump sum, you must provide all the supporting documents substantiating the total eligible expenses incurred. Under these circumstances, the financial assistance may represent up to 50% of the total eligible expenses, or 60% if your business is majority owned by one or more of the individuals eligible for the bonus.
To see if you have received a payment, go to your online file. Under the Communications tab, you will be able to see a payment slip as soon as a payment has been made.
A farm loses all rights to financial assistance in the following circumstances: