Producers have until Dec. 31 to file their 2005 harmonized forms under the Canadian Agricultural Income Stabilization program.
The deadline to file the 2005 harmonized forms was extended from Sept. 30, but producers will be charged a late-filing penalty of $500 for each month late. The penalties are deducted from CAIS payments. A penalty will not be assessed if the late-filing penalty exceeds the payment. Producers must submit their forms by Dec. 31 to be eligible for any benefit.
As well, Dec. 31 is the deadline for producers to pay their 2006 CAIS fee without penalty.
