Global Trade Alert
Global Trade Alert

Canada: Interest payment relief for agricultural producers

Announcement

23 Jun 2022

In June 2022, the government of Canada announced an expansion of the interest-free share of the Advance Payments Program which will allow Canadian farmers to save around CAD 61 million (USD 47 million) in interest payments over 2022-2023. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

23 Jun 2022

Revocation date:

31 Dec 2023

Announced: 23 Jun 2022
Interest payment subsidy
On 23 June 2022, the government of Canada announced the expansion of the interest-free share of the Advance Payments Program from CAD 100'000 (USD 77'000) to CAD 250'000 (USD 192'500) over 2022 and 20...
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