Start a BMO AgriInvest Account to make use of federal government contributions that are matching the AgriInvest Program.
Plus, we are able to assist you to lessen your company risk, invest for future years, and provide you with usage of the funding you’ll want to run and increase your agriculture company.
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A fee that is no-monthly interest-bearing family savings for agricultural businesses.
For AgriInvest purposes, eligible individuals have the ability to add 1% of these Allowable inter inter inter Net Sales (ANS) with their AgriInvest account, up to a maximum ANS of $1,500,000. Predicated on this restriction, the biggest matching federal government contribution will be $15,000.
Allowable web product product Sales are corresponding to your total product sales of qualified commodities (including manufacturing insurance coverage advantages), minus your total acquisitions of qualified commodities. For instance, product sales of canola minus acquisitions of canola seed;
- 2014 Eligible Product Sales: $180,000
- 2014 Eligible Expenses: $100,000
- 2014 Allowable sales that are net $80,000
- National Matching Contribution Speed: 1%
- 2014 optimum Matching Deposit = $800 ($80,000 x 1%)
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