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.
2017 Deadlines
For the 2017 data collection, La Financière agricole du Québec has extended the deadline without any penalty to October 31, 2018, for all producers required to transmit a statement. Please note that if you transmit your statement after October 31, 2018, the penalty under the AGRI programs will apply starting on the initial transmission deadline, i.e., as of August 10, August 31 or September 30, 2018, depending on your fiscal period end date. For more information, do not hesitate to contact data collection support at 1-877-861-2272, ext. 1.
| End of fiscal period | Transmission deadline without any penalty (initial date) | Transmission deadline without any penalty (revised date) | Transmission deadline before becoming ineligible for AGRI |
|---|---|---|---|
| Before October 31 | August 10, 2018 | October 31, 2018 | November 10, 2018 |
| November 30, 2017 | August 31, 2018 | October 31, 2018 | November 30, 2018 |
| December 31, 2017 | September 30, 2018 | October 31, 2018 | December 31, 2018 |
For the 2017 collection period, here are the penalties applying to programs when transmission deadlines for financial information are exceeded:
AgriStability
Penalty
$500/month or part of month late.
End of fiscal period Period in which penalties apply
- Before October 3, 2017 August 10 to November 10, 2018 Ineligible for AGRI as of November 11, 2018
- November 30, 2017 August 31 to November 30, 2018 Ineligible for AGRI as of December 1, 2018
- December 31, 2017 September 30 to December 31, 2018 Ineligible for AGRI as of January 1, 2019
AgriInvest and Agri-Québec
Penalty
5% a month or part of month late.
End of fiscal period Period in which penalties apply
- Before October 3, 2017 August 10 to November 10, 2018 Ineligible for AGRI as of November 11, 2018
- November 30, 2017 August 31 to November 30, 2018 Ineligible for AGRI as of December 1, 2018
- December 31, 2017 September 30 to December 31, 2018 Ineligible for AGRI as of January 1, 2019
Farm Income Stabilization Insurance (ASRA)
Penalty
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.
Period in which penalties apply
Not applicable
Loan Guarantee — Protection Against Interest Rate Hikes
Penalty
Possible suspension of the protection against interest rate hikes.
Period in which penalties apply
Beyond October 31, 2018
Loan Guarantee — Investment Line of Credit
Penalty
Possible suspension of any further disbursements from the Investment Line of Credit.
Period in which penalties apply
Beyond October 31, 2018
2018 Deadlines
The information must be transmitted at the latest nine months after the end of your fiscal period. This information is always shown on the documents requesting financial information.
| End of fiscal period | Transmission deadline without any penalty | Transmission deadline before becoming ineligible for AGRI |
|---|---|---|
| January 31, 2018 | October 31, 2018 | January 31, 2018 |
| February 28, 2018 | November 30, 2018 | February 28, 2018 |
| March 31, 2018 | December 31, 2018 | March 31, 2018 |
| April 30, 2018 | January 31, 2018 | April 30, 2018 |
| May 31, 2018 | February 28, 2018 | May 31, 2018 |
| June 30, 2018 | March 31, 2018 | June 30, 2018 |
| July 31, 2018 | April 30, 2018 | July 31, 2018 |
| August 31, 2018 | May 31, 2018 | August 31, 2018 |
| September 30, 2018 | June 30, 2018 | September 30, 2018 |
| October 31, 2018 | July 31, 2018 | October 31, 2018 |
| November 30, 2018 | August 31, 2018 | November 30, 2018 |
| December 31, 2018 | September 30, 2018 | December 31, 2018 |
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 | Period in which penalties apply |
|---|---|---|
| AgriStability | $500/month or part of month late. | From the 10th to 12th month following the end of the fiscal period. |
| AgriInvest and Agri-Québec | 5% a month or part of month late. | From the 10th to 12th month following the end of the fiscal period. |
| 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 | Possible suspension of the protection against interest rate hikes. | Beyond the 9th month |
| Loan Guarantee — Investment Line of Credit | Possible suspension 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.