Desjardins Savings Plan for Future Beginning Farmers

Available in Quebec only

Group savings plan set up for future agricultural producers by Desjardins and the Fédération de la relève agricole du Québec.

Allows current or new producers to accumulate capital to buy a farm on which they can build their future primary residence.

Features

• The business pays new farmers.
• New farmers put money into the plan to build a downpayment for the residential portion of the business.
• New farmers need to borrow less money to buy the business.

Advantages

• Helps new farmers accumulate a downpayment to get started.
• Your investments entitle you to a tax deduction.
• Use up to $20,000 of the funds (non-taxable) to purchase a portion of a farm or primary residence (certain conditions apply).
• Accumulate capital tax-free.
• Allows new farmers to increase their earnings and thus their RRSP contribution room.
• Attractive group plan rate.

	At the caisse	Make an appointment with an advisor at a caisse.
	At a Desjardins Business Centre	Make an appointment with an account manager at a Desjardins Business Centre.