February 8th, 2024
Posted on April 8th, 2024 in Agribusiness
The Canadian Wine Sector Support Program has extended funds by $177 million over the next three years to help improve the wine sectors competitiveness as announced by Agriculture and Agri-Food Canada. The Government of Canada’s total investment to the program is more than $343 million.
The program was introduced on June 29, 2022, by the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau.
All licensed wineries in Canada that produce or contract out the production of bulk wine from primary agricultural products, such as grapes, berries, other fruit, dandelions, rice, and sap, is eligible for support under this program.
Support is provided in the form of a grant, and is based on the production of bulk wine fermented in Canada from domestic and/or imported primary agricultural products from the previous year. Individual payments are dependent on the total litres of eligible wine submitted and the individual applicants’ total eligible wine production.
Applications for 2024-25 will be accepted from April 8, 2024, until May 24, 2024. The application form will be available on April 8, 2024.
The program ends on March 31, 2027.
For more detailed information on who is eligible and how to apply, please visit: https://agriculture.canada.ca./en/agricultural-programs-and-services/wine-sector-support-program.
If you need assistance with general business advisory and/or accounting matters, we invite you to contact one of our agribusiness specialists.
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