Canadian farmers have been making plans for the 2024 season assuming that the interest-free portion of the Advanced Payments Program would revert back to the pre-2022 level of $100,000. As of today, however, farmers will have access to the first $250,000 interest-free, following an announcement by Lawrence MacAulay, Minister of Agriculture and Agri-Food. The Advance… Read More
Tag: Advanced Payments Program
The interest-free limit of the Advance Payments Program has been increased from $250,000 to $350,000 for the 2023 program year, effective May 8, 2023. This is the second expansion of the interest-free portion in the last year. It was increased from $100,000 to $250,000 for the 2022 and 2023 program years in June of 2022…. Read More