Planning for the Next Harvest: Government Deadline for Farmers to Take Advantage of AgriInvest

As Canadian farmers bring in the harvest, they will immediately turn to planning for next year’s crop. But besides preparing the fields, Canadian farmers can now take advantage of the government’s specialized investment tool, AgriInvest, at their local financial institution.

“AgriInvest gives farmers peace of mind and helps to ensure they are able to make their financial commitments, even if they have a difficult growing season,” says Peter Hambly, Senior Director and Regional Manager for Meridian Credit Union’s Commercial Services in Grey-Bruce.

AgriInvest, administered by Agriculture and Agri-Food Canada, assists farmers by providing supplemental funds to those facing difficult economic years. Unlike a traditional RESP, farmers’ tax-free contributions are met by matching government funds. Once opened, these funds earn a competitive rate and can be used at any time.

“It’s great to see both our federal and provincial governments strongly supporting our farming sector,” continues Hambly, “this is a fantastic program I actively promote to my agricultural Members.”

The penalty-free deadline for the government application is due September 30.

To learn more about opening an account and making contributions visit Meridian Credit Union and visit the government’s website at www4.agr.gc.ca.

For more information contact:

Scott Windsor
Vice President — Corporate Communications
Meridian Credit Union
416-597-4444 ext. 2668
scott.windsor@meridiancu.ca

Talk to Us

We are in a neighbourhood near you. Click below to find a branch.

Call us at 1-866-592-2226 (Option 5) or find your local branch number.

Meridian Credit Union