Start a BMO AgriInvest Account to make the most of federal government matching efforts under the AgriInvest Program.
Plus, you can be helped by us lower your company risk, invest for future years, and provide you with usage of the funding you will need to run and develop your agriculture company.
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A fee that is no-monthly interest-bearing checking account for agricultural organizations.
For AgriInvest purposes, qualified participants have the ability to add 1% of these Allowable inter Net Sales (ANS) for their AgriInvest account, 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 Sales are add up to your total sales of qualified commodities (including manufacturing insurance coverage advantages), minus your total acquisitions of qualified commodities. For instance, product product product sales of canola minus acquisitions of canola seed;
- 2014 Eligible Product Product Sales: $180,000
- 2014 Eligible Costs: $100,000
- 2014 Allowable Web Product Sales: $80,000
- National Matching Contribution Speed: 1%
- 2014 optimum Matching Deposit = $800 ($80,000 x 1%)
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Turn your day-to-day business investing into kilometers you can make use of.
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