Preparing an agricultural income tax return and the AgriStability and AgriInvest programs

I - Identification and participant profile information

1. If you want to designate a contact person, you must absolutely make a choice by using the keyword Contact-Person . If you don't enter anything under that keyword, DT Max will determine by default that you have no contact person. If you select the option "Other contact person", you must then fill out the required information under the keyword Contact-Name .

2. Specify whether this application pertains to the AgriStability or the AgriInvest program by using the keyword Application .

3. Indicate whether or not you have completed a production cycle for at least one of your products with the keyword Complete-Cycle . If you answered "no", please also indicate whether or not it was due to a natural disaster by using the keyword Disaster-circum .

4. Enter the province of main farmstead with the keyword Farmstead , if it differs from the province of residence.

5. Enter the first year of farming operations with the keyword Farm-Opening .

6. Please indicate if your farming business was engaged in the operations mentioned under the keyword Farm-Operation .

II - Farming income & expenses

1. Enter the data for each farming operation with the keyword Business and the option STATEMENT A - farming (cash basis) or STATEMENT A - farming (accrual basis).

2. Enter farming income and expenses derived from commodities with the keyword Commodity , by selecting the code numbers of the commodities.

3. Enter the related data pertaining to each commodity with the following keywords:

           commodity sales                 Sales
           commodity purchases          Purchases
   

4. Each Commodity entered heads a separate sub-group in the Business group. All of the data pertaining to a commodity is kept together in the Commodity sub-group. You may have multiple entries for Sales and Purchases , but only one entry is allowed for each Commodity .

5. Program payments are entered with the keyword PROGRAM-PYMT by indicating the code number of the program.

6. Repayment of program benefits should be entered as a negative amount with the keyword PROGRAM-PYMT . DT Max will display only the qualifying programs, based on the province of residence or province of main farmstead.

7. Enter other farming income with the keyword Oth-FarmInc . Such amounts will be recorded on STATEMENT A as Other farming income.

8. Farming expenses are classified as eligible expenses and non eligible expenses on STATEMENT A. Enter the eligible expenses for the AgriStability and AgriInvest programs as well as for farming activities using the keyword Farm-Expense , and the non eligible expenses using the keyword Oth-Farm-Exp .

   These expenses will be recorded on the appropriate section of STATEMENT A.

III - Other account information

• If you have one or several partners , please enter the information under the keyword Bus-Partner .

• Please also use the keyword Home-Office to enter office expenses if you are using your residence as such.