Canadian Canola Growers Association

What's New for Cash Advances?

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The beginning of each program year often brings changes to the Advance Payments Program (APP) that can affect how you best manage your advance. Below is a summary of changes that may impact your cash advance.

Changes Implemented in 2024
  • Interest-free limit is $250,000.
  • ​Interest rate on interest-bearing advances is at prime less ​0.25%.
  • Administration fee of $250 for application processing.
  • Improvements to online application and phone application process​—applicants will see only the application pages that are relevant to their specific advance.​