The NISA web site provides more information on this program. The Program is designed to help producers achieve long-term farm income stability on an individual basis. By providing producers the opportunity to deposit money annually into their NISA account and receive matching government contributions, their NISA account grows. In lower income years, producers can make withdrawals from the funds they have set aside.
Landlords receiving rental income on a crop share basis can participate.
Status Indians farming on reserves who do not file a tax return may also participate NISA is available in all ten provinces. The NISA Administration processes the application and issues the producer a notice which summarizes what the producer is entitled to deposit or withdraw for the stabilization year. Eligible net sales is calculated by subtracting purchases of qualifying commodities from the gross sales of qualifying commodities. Producers make deposits at the financial institution where they have opened a NISA account. The deposit will then be matched by the federal government and participating provincial governments.