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

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

Before you start

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. 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 AgriInvest Program Guidelines (Canadian Agricultural Partnership).

Find out if this guide is for you

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

  • want to participate in the AgriStability program or AgriInvest program, or both, for 2024
  • farm in Alberta, Saskatchewan, Ontario, or Prince Edward Island
  • earned farming income as a self-employed farmer, or a partner of a farm partnership, or by renting land under a crop share arrangement
  • are not a trust, a non-resident, a corporation, or an individual registered under the Indian Act 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:

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
Toll-free fax: 1-855-700-2372
Email: info@afsc.ca
Website: Agriculture Financial Services Corporation

For Saskatchewan, contact:

Saskatchewan Crop Insurance Corporation (SCIC)
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.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 McCarville Drive
Kensington PE C0B 1M0
Telephone: 902-836-0435
Fax: 902-836-8912
Email: AICStability@gov.pe.ca
Website: Government of Prince Edward Island

For Quebec, contact:

La Financière agricole du Québec
Toll-free telephone: 1-800-749-3646
Fax: 418-833-3871
Website: La Financière agricole du Québec

For AgriInvest:

AgriInvest is delivered by the federal Administration in the Northwest Territories, Yukon and 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

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 at one of the addresses at AgriStability and AgriInvest contact information.

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:

  • the federal Administration. The federal Administration delivers AgriInvest in the Northwest Territories, Yukon and 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.

What's new for 2024

New items in this guide are outlined in colour. These include changes introduced in the 2024 federal budget that had not yet become law at the time this guide was published.

Automobile deduction limits

On December 18, 2023, the Government of Canada announced the automobile deduction limits for 2024.

For Class 10.1 passenger vehicles (new and used) acquired on or after January 1, 2024, the prescribed amount increases from $36,000 to $37,000, before tax.

The maximum deductible automobile leasing costs increase from $950 to $1,050 per month, before tax, for new leases entered into after 2023.

The maximum allowable interest deduction increases from $300 to $350 per month for new automobile loans entered into after 2023.

Mineral exploration tax credit

The Government of Canada has extended the mineral exploration tax credit by one year. The credit is now available for eligible mineral exploration expenses a corporation incurred after March 2024 and before 2026, and renounced under flow-through share agreements entered into after March 2024 and before April 1, 2025.

For more information, see Mineral exploration tax credit.

Critical mineral exploration tax credit

The eligibility for the critical mineral exploration tax credit (CMETC) now includes eligible expenses relating to the exploration of lithium brine deposits. You can claim a CMETC on eligible expenses relating to the exploration of lithium brine deposits renounced under flow-through share agreements if the expenses were incurred on or after March 28, 2023.

For more information, see Critical mineral exploration tax credit.

Replacement property acquired during the COVID-19 pandemic

In some cases, you can defer reporting the capital gain or recapture of capital cost allowance resulting from the disposition of depreciable property. To do so, you must acquire a replacement property within the specified time limits and use it for a similar purpose.

Do not count the period beginning on March 15, 2020, and ending on March 12, 2022, in the calculation of the specified time limits.

For more information, see Replacement property.

Capital gains

On January 31, 2025 the Government of Canada announced a change to the effective date for the capital gains inclusion rate increase from June 25, 2024, to January 1, 2026. This means that the inclusion rate for calendar year 2024 remains at 50%.

If you had a disposition of qualified farm or fishing property (QFFP), or qualified small business corporation shares (QSBCS) you must report dispositions of capital property, and business investment losses, for transactions before June 25, 2024 (Period 1) and after June 24, 2024 (Period 2) in the fields provided. This is necessary to support the increase to the Lifetime Capital Gains Exemption (LCGE) limit to $1.25 million, effective June 25, 2024. Separate reporting for Period 1 and Period 2 may also be necessary if you received a tax slip reporting dispositions in Period 1 and Period 2 because some tax slips had already been issued prior to the January 31, 2025 announcement.

For more information, see Cumulative capital gains deduction and Guide T4037, Capital Gains.

Reportable and notifiable transactions penalty

The general penalty provision for not filing an information return is removed for reportable or notifiable transactions, as there are specific penalty provisions under the mandatory disclosure rules (MDR) that apply. This is deemed to have come into force on June 22, 2023, which is the coming into force date of the specific penalty provisions under the MDR. For more information, see Information reporting related to reportable transactions and notifiable transactions.


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Date modified:
2025-04-08