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CAIS Program

CAIS IMPORTANT NOTICE

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 - Selected coverage and signed 2006 Options Notice

2) December 31, 2006 - Pay 2006 Program Fee. Fees paid after this date will have a 20% surcharge added to the fee. Fees plus the surcharge must be paid by April 30, 2007 or you will be ineligible to participate in CAIS for the 2006 and 2007 Program Years.

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

4) September 30th, 2007 - Complete 2006 Supplemental Forms and submit to the PEI CAIS office.

Deadlines for the 2007 CAIS Support Year

1) December 31, 2007 - Select coverage, sign the 2007 Options Notice

2) December 31, 2007 - Final Deadline to pay 2007 Program Fee.

3) June 30, 2008 - File 2007 Income and Expense Statements with CRA (use the T1163 form)(Corporate farms must submit this information directly to the PEI CAIS office).

4) June 30th, 2008 - Complete 2007 Supplemental Forms and submit to the PEI CAIS office.

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. CAIS is a joint federal/provincial/territorial Business Risk Management program.

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