Farming Income and the AgriStability and AgriInvest Programs Guide - 2018 - Before you start
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- Before you start
- What's new for 2018?
This guide will help you complete your forms to participate in the AgriStability and AgriInvest programs.
- AgriStability – a margin based program that provides support when you experience larger income losses.
- AgriInvest – a self-managed producer-government savings account designed to help producers:
- manage small income declines
- make investments to manage risk and improve market income
Review this guide to make sure you fill out your forms correctly. Providing correct information on your forms helps us calculate your benefits accurately and prevents delays.
Don't forget to include your Participant Identification Number (PIN) on your form. Missing PINs is one of the top reasons for processing delays.
Use this guide and forms if all of the following applies to you:
- want to participate in the AgriStability or AgriInvest programs, or both for 2018
- farm in Alberta, Saskatchewan, Ontario, Prince Edward Island
- earned income as a self-employed farmer or partner of a farm partnership, or by renting land under a crop share arrangement
- are not a trust, a non-resident, a corporation, or a Status Indian farming on a reserve. Contact your Administration for a separate form and guide for these operations
Do not use this guide and forms if you:
- do not want to participate in the AgriStability or AgriInvest programs:
- farm in British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, or the Yukon:
- farm in Quebec:
AgriStability is delivered provincially in Alberta, Saskatchewan, Ontario and Prince Edward Island. If you have questions about your participation in AgriStability or want to request copies of the forms and guides contact your provincial Administration at one of the numbers listed below.
For Alberta, contact:
Agriculture Financial Services Corporation
Lacombe AB T4L 1B1
Toll-free telephone: 1-877-899-2372
Toll-free fax: 1-855-700-2372
For Saskatchewan, contact:
Saskatchewan Crop Insurance Corporation (SCIC)
PO Box 3000
484 Prince William Drive
Melville SK S0A 2P0
Toll-free telephone: 1-866-270-8450
Toll-free fax: 1-888-728-0440
Website: Saskatchewan Crop Insurance Corporation (SCIC)
For Ontario, contact:
1 Stone Road West
Box 3660, Stn. Central
Guelph ON N1H 8M4
Toll-free telephone: 1-888-247-4999
For Prince Edward Island, contact:
Agricultural Insurance Corporation
PO Box 400
7 Gerald MacCarville Drive
Kensington PE C0B 1M0 Toll-free telephone: 1-855-251-9695
Website: Prince Edward Island
For Quebec, contact:
La Financière agricole du Québec
Toll-free telephone: 1-800-749-3646
Website: La Financière agricole
AgriInvest is delivered by the federal Administration in all provinces (except Quebec). If you have questions about your participation in the AgriInvest program contact the federal Administration at the address listed below.
PO Box 3200
Winnipeg MB R3C 5R7
Toll-free telephone: 1-866-367-8506
Calling from outside of Canada: 204-926-9650
You can access the AgriInvest program website at AgriInvest.
Use the following forms with this guide:
- T1163, Statement A – AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals
- T1164, Statement B – AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operations
- T1175, Farming – Calculation of Capital Cost Allowance (CCA) and Business-use-of-home Expenses
- RC322, AgriInvest Adjustment Request
Throughout the guide, we refer to other forms and publications. If you need any of these, go to CRA forms and publications.
Send the following to the Winnipeg Tax Centre:
Canada Revenue Agency
Winnipeg Tax Centre
PO Box 14001, Station Main
Winnipeg MB R3C 3M3
The Winnipeg Tax Centre is the only tax centre that processes these forms.
Send correspondence intended for the AgriStability program or the completed supplemental AgriStability program form to your provincial Administration at one of the addresses listed above.
Complete form RC322, AgriInvest Adjustment Request to send correspondence intended for the AgriInvest program to the federal AgriInvest Administration at the address listed above.
If you have questions about your participation in AgriStability, contact:
- your provincial Administration listed above.
If you have questions about your participation in AgriInvest, contact:
- the federal Administration at the address provided above. The federal Administration delivers AgriInvest in all provinces except Quebec.
If you have questions about reporting your farm income for tax purposes, contact:
- the CRA at 1-800-959-5525
This guide explains the most common tax situations.
The Growing Forward 2 Agreement (GF2) has been replaced with a new, five-year agricultural policy framework. The Canadian Agricultural Partnership launched on April 1, 2018 and introduces changes to the AgriStability and AgriInvest programs. For more information, go to Agriculture and Agri-Food Canada.
The Government of Canada's 2018 Fall Economic Statement was tabled on November 21, 2018.
It proposes the following measures for eligible property that is acquired after November 20, 2018:
- an enhanced first-year allowance which provides for a full write-off of the cost of machinery and equipment used in the manufacturing and processing of goods (Class 53 property) and specified clean energy equipment (Classes 43.1 and 43.2 property). This deduction is available for property that becomes available for use before 2028. The enhanced allowance will be phased out for property that becomes available for use after 2023.
- an accelerated investment incentive, which will provide an enhanced first-year allowance for certain eligible property that is subject to the capital cost allowance (CCA) rules. In general, the enhancement will be achieved by:
- applying the prescribed CCA rate for a class to one-and-a-half times the net addition to the class for the year for property that becomes available for use before 2024
- suspending the existing CCA half-year rule (and equivalent rules for Canadian vessels and Class 13 property) for property that becomes available for use before 2028
- additional deduction in respect of eligible Canadian development expense and Canadian oil and gas property expense, incurred after November 20, 2018, and before 2028. The additional deduction begins to phase out for expenses incurred after 2023.
The Accelerated investment incentive will allow a first-year CCA deduction equal to up to three times the amount that would otherwise apply in the year the asset is available for use, and property not otherwise subject to the half-year rule (e.g., patents, franchises or limited period licences) will qualify for one-and-a-half times the normal first-year allowance.
The proposed measures will not change the total amount that may be deducted over the life of an eligible property. By claiming a larger deduction in the first year, deductions in later years will be reduced.
For more information about the proposed measures, go to Accelerated Investment Incentive.
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