Agriculture, Fisheries and Aquaculture

HOME / AGRICULTURE / PROGRAMS & SERVICES / PROGRAMS / FARM BUSINESS / BUSINESS RISK MANAGEMENT /

CAIS Program

CAIS IMPORTANT NOTICE

Deadlines for the 2005 CAIS Support Year

1) April 30th, 2005 - Selected coverage and signed the 2005 Options Notice

2) September 30th, 2006 - File 2005 Income and Expense Statements with CRA (use the T1163 form)(Corporate farms must submit this information directly to CAIS)

3) September 30th, 2006 - Complete 2005 Supplemental Forms and submit to CAIS (Forms were mailed to applicants in February)

Deadlines for the 2006 CAIS Support Year

**For 2006, the program has been changed and no longer requires producers to place a deposit in a CAIS account. Instead, the program has been changed to a fee-based program. Applicants must now pay an annual fee in order to participate in the program. The fee is 0.45% of the reference margin determined by the coverage level selected (i.e. 70%, 85% or 100%). Please note that the minimum program fee is $100.**

1) September 30th, 2006 - Select coverage and sign 2006 Options Notice

2) December 31, 2006 - 2006 Fee Payment

3) September 30th, 2007 - File 2006 Income and Expense Statements with CRA (use the T1163 form) (Corporate farms must submit this information directly to CAIS)

4) September 30th, 2007 - Complete 2006 Supplemental Forms and submit to CAIS (Forms were mailed to applicants in February)

The CAIS (Canadian Agricultural Income Stabilization) Program replaces NISA ( Net Income Stabilization Account) and CFIP (Canadian Farm Income Program) beginning with the 2003 taxation year. It is designed to provide Canadian agricultural producers with an on-going whole-farm risk management tool, that provides protection against both small and large declines in income.

Upcoming Meetings

CAIS Program Details A summary of the CAIS Program.		General Eligibility Requirements A list of eligibility requirements for participating in the program.
Deadlines A listing of the various deadlines dates for the new program.		FAQ on CAIS A list of frequently asked questions regarding the CAIS program.
CAIS Program Forms A printable version of the program forms and a guide to filling them in.		Supply Management Information on how supply managed commodities are treated under the program.
Allowable Income/Expenses A list of allowable income and allowable expenses that are used to calculate a production margin.		Definitions A listing of definitions assisting in the explanation of the CAIS program.
Ending Inventory Prices A list of year end fair market values for potatoes, cattle, grains, forages and swine.

For more information on this program contact the local administration office:

Staff Directory

CAIS Administration
Agricultural Insurance Corporation
29 Indigo Crescent, Building 19
P.O. Box 1600
Charlottetown, PE
C1A 7N3

Tel: (902)620-3091
Fax: (902)368-6677
peiaic@gov.pe.ca