Financial Information Collection
What is the financial information collection process?
Information gathered through financial information collection is used to process the different programs in which you participate and that are administered by La Financière agricole du Québec.
Target programs
Every year, La Financière agricole gathers its clients’ financial information in order to manage the following programs:
Collection benefits
By using the processing tool, you get modern service delivery and simplified transmission of your financial information in a secure computerized environment. In addition, the amount of correspondence from La Financière agricole is reduced and our involvement with you better harmonized.
Your responsibilities during the year
Transmit your financial information and any other requisite information
Farm or forestry businesses that participate in one of the target programs receive a letter of request for the transmission of financial information for the current participation year, accompanied by the form General Information and Table of Productive Units.
Complete this form yourself using the section Reporting Productive Units in the Guide for Reporting Financial Information.
All the information required, including the financial information, must be transmitted through a secure web-based application on the website of La Financière agricole and must meet the requirements in the Guide for Reporting Financial Information.
A network of accredited accountants, located in every region of Québec, is ready and able to transmit your financial information. Don’t hesitate to refer to it.
Deadlines
The information must be transmitted at the latest nine months after the end of your fiscal period.
| END OF FISCAL PERIOD | TRANSMISSION DEADLINE WITHOUT ANY PENALTY | TRANSMISSION DEADLINE (WITH A PENALTY UNDER AGRI) |
|---|---|---|
| BEFORE OCTOBER 31 | AUGUST 10, 2018 | NOVEMBER 10, 2018 |
| NOVEMBER 30, 2017 | AUGUST 31, 2018 | NOVEMBER 30, 2018 |
| DECEMBER 31, 2017 | SEPTEMBER 30, 2018 | DECEMBER 31, 2018 |
For example, a business whose fiscal period is November 30, 2017, must transmit its financial information by August 31, 2018, at the latest.
Please note also that if you transmit your information beyond the ninth month following the end of your fiscal period, a penalty will apply. For more details, see the Table of Penalties.
| Program | Penalty | When |
|---|---|---|
| AgriStability | $500/month or part of month late. | From the 10th to 12th month following the end of the fiscal period. Ineligibility to the AGRI programs beyond the 12th month. |
| AgriInvest | 5% a month or part of month late. | From the 10th to 12th month following the end of the fiscal period. Ineligibility to the AGRI programs beyond the 12th month. |
| Agri-Québec | 5% a month or part of month late. | From the 10th to 12th month following the end of the fiscal period. Ineligibility to the AGRI programs beyond the 12th month. |
| Farm Income Stabilization Insurance (ASRA) | Compensation is reduced by 40% per relevant year according to the sector — animal or plant product — and the date of the end of the business’s fiscal year for a business that does not participate in the AgriStability program. | Not applicable |
| Loan Guarantee — Protection Against Interest Rate Hikes | Suspension possible of the protection against interest rate hikes. | Beyond the 9th month |
| Loan Guarantee — Investment Line of Credit | Suspension possible of any further disbursements from the Investment Line of Credit. | Beyond the 9th month |
Contact Us
If you have difficulty transmitting your financial information, please contact the Financial Information Collection and Processing team.