Start a BMO AgriInvest Account to make use of federal government contributions that are matching 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 increase your agriculture company.
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A fee that is no-monthly interest-bearing checking account for agricultural companies.
For AgriInvest purposes, qualified individuals have the ability to add 1% of the Allowable inter inter inter Net Sales (ANS) with their AgriInvest account, up to a maximum ANS of $1,500,000. Centered on this limitation, the biggest government that is matching could be $15,000.
Allowable web product product Sales are add up to your total product product sales of qualified commodities (including manufacturing insurance coverage advantages), minus your total acquisitions of qualified commodities. As an example, product sales of canola minus acquisitions of canola seed;
- 2014 Eligible 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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