Farming Income and the AgriStability and AgriInvest Programs Guide – 2021 – Before you start

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Before you start

This guide will help you complete your forms to participate in the AgriStability and AgriInvest programs.

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. A missing PIN is one of the top reasons for processing delays.

This guide gives you general information. For complete program rules, see the AgriStability: Canadian Agricultural Partnership –  Program Guidelines and Canadian Agricultural Partnership – AgriInvest Program Guidelines.

Find out if this guide is for you

Use this guide and forms if all of the following applies to you. You:

Do not use this guide and forms if you:

AgriStability and AgriInvest contact information

For AgriStability:

AgriStability is delivered provincially in Alberta, Saskatchewan, Ontario, Quebec 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
5718-56th Avenue
Lacombe AB  T4L 1B1
Toll-free telephone: 1-877-899-2372
Fax: 403-782-8348
Toll-free fax: 1-855-700-2372
Email: info@afsc.ca
Website: AFSC

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
Email: agristability@scic.gov.sk.ca
Website: Saskatchewan Crop Insurance Corporation (SCIC)

For Ontario, contact:

Agricorp
1 Stone Road West
Box 3660, Stn. Central
Guelph ON  N1H 8M4
Toll-free telephone: 1-888-247-4999
Fax: 519-826-4334
Email: contact@agricorp.com
Website: Agricorp

For Prince Edward Island, contact:

AgriStability Administration
Agricultural Insurance Corporation
PO Box 400
7 Gerald MacCarville Drive
Kensington PE  C0B 1M0
Toll-free telephone: 1-855-251-9695

Fax: 902-836-8912
Email: PEIAgriStability@gov.pe.ca
Website: Prince Edward Island

For Quebec, contact:

La Financière agricole du Québec
Toll-free telephone: 1-800-749-3646
Website: La Financière agricole

For AgriInvest:

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.

Program Administration
PO Box 3200
Winnipeg MB  R3C 5R7
Toll-free telephone: 1-866-367-8506
Calling from outside of Canada: 204-926-9650
TTY: 613-773-2600

You can access the AgriInvest program website at AgriInvest.

Forms and publications

Use the following forms with this guide:

Throughout the guide, we refer to other forms and publications. If you need any of these, go to Forms and publications.

Where to mail your forms and return

Send the following to the Winnipeg Tax Centre:

Mailing address:

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.

Complete Form RC322, AgriInvest Adjustment Request to send correspondence intended for the AgriInvest program to the federal AgriInvest Administration.

If you need more information

If you have questions about your participation in AgriStability, contact:

If you have questions about your participation in AgriInvest, contact:

If you have questions about reporting your farm income for tax purposes, contact:

This guide explains the most common tax situations.

What's new for 2021

New program payment codes

New codes have been added to Program Payment Lists A and B for AgriStability and AgriInvest. Make sure you use the correct codes to report any program payments. Using the correct codes helps us calculate your benefits accurately and prevents processing delays.

For more information on reporting program payments, see Income from program payments.

COVID-19 pandemic measures

In 2021, the Government of Canada has extended several existing temporary measures and introduced new ones to help businesses and individuals during the COVID-19 pandemic. For more information on the measures, go to Canada's COVID-19 Economic Response Plan.

Government assistance programs for the self-employed

You may have received federal, provincial, or territorial government program assistance that was provided for self-employed individuals, businesses, farmers, or fishers. You are responsible for reporting the amount of assistance received when you file your income tax return.
 
Government assistance income is taxable and will either be included in business, farming or fishing income or, if you elect, will reduce your business, farming or fishing expenses. You may also have received a government loan. The loan itself is not taxable. However, any part of the loan that is forgivable is taxable in the year in which the loan is received.

Examples of government assistance programs:

Canada Emergency Wage Subsidy (CEWS)

A subsidy for the eligible remuneration paid by an eligible employer, for each of its eligible employees. For more information on rates and maximum amounts, go to COVID-19 wage and hiring support for businesses

Canada Emergency Rent Subsidy (CERS)

A rent and mortgage subsidy, available directly to tenants and property owners, for a portion of eligible expenses to qualifying businesses, charities and non profits. For more information on rates and maximum amounts, go to COVID-19 rent and property expense support for businesses.

Mandatory Isolation Support for Temporary Foreign Workers Program (MISTFWP)

Support available to Canadian employers to assist with the incidental costs associated with the mandatory 14 day isolation period or the mandatory 3 day hotel quarantine. For more information on amounts available and application periods, go to Mandatory Isolation Support for Temporary Foriegn Workers Program (MISTFWP).

Canada Recovery Hiring Program (CRHP)

A subsidy available to eligible employers that is equal to the incremental remuneration paid by an eligible employer, multiplied by a fixed subsidy rate. For more information on rates and maximum amounts, go to COVID-19 wage and hiring support for businesses.

Fish Harvester Benefit and Grant Program

Financial support available to Canadian self-employed fish harvesters who were not eligible for other financial relief programs and were impacted by COVID-19. For more information, go to Fish Harvester Benefit and Grant Program.

For more information, go to Changes to taxes and benefits.

Capital cost allowance for clean energy equipment

The legislation for the following measure was not finalized when the print version of this guide was published. When the legislation is finalized, the CRA will republish electronically any revised guides at Forms and publications. If you file your return before the revised guides are available, you may need to change your return.

To support investment in clean technologies, the capital cost allowance (CCA) Classes 43.1 and 43.2 would be expanded by:

  • including new types of property (for example, pumped hydroelectric storage equipment)
  • broadening eligibility for certain existing property types (for example, ground source heat pump systems)

This would apply to property that is acquired and that becomes available for use after April 18, 2021, where it has not been used or acquired for use for any purpose before April 19, 2021.

Also, for property that becomes available for use after 2024, access to Classes 43.1 and 43.2 for certain emission-producing properties would be restricted by:

  • removing some that are currently included in these classes (for example, fossil-fuelled cogeneration systems)
  • narrowing eligibility for others (for example, producer gas generating equipment)

Return of Fuel Charge Proceeds to Farmers Tax Credit

Beginning in 2021, the Government of Canada proposes a new refundable tax credit, the Return of Fuel Charge Proceeds to Farmers Tax Credit, as a means to return a portion of the fuel charge proceeds from the federal carbon pollution pricing system directly to farming businesses in provinces that do not currently have a system that meets the federal requirements. These designated provinces are Ontario, Manitoba, Saskatchewan and Alberta.

Eligible farming businesses include self-employed farmers and partners in farming partnerships that actively engage in either the management of or daily activities related to the earning of income from farming and incur total farming expenses for all businesses of $25,000 or more, which are all or partially attributable to designated provinces.

To calculate their credit, self-employed farmers or partners in a partnership who operate a farming business should fill in the new Form T2043, Return of Fuel Charge Proceeds to Farmers Tax Credit.

For more information on how to report this credit, see "Line 9600 – Other (specify)" and "Amount E – Return of Fuel Charge Proceeds to Farmers Tax Credit allocated to you in the year".

The term income tax return used in this guide has the same meaning as Income Tax and Benefit Return.

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