Is the taxpayer’s income respecting a withdrawal from the taxpayer’s second AgriInvest Fund income from a business or property? CRA responded:
A farmer's AgriInvest savings account is a net income stabilization account under the Farm Income Protection Act. The second fund is … a "NISA Fund No. 2 " … .
Generally, a taxpayer must include in computing income for a taxation year from property by virtue of subsection 12(10.2) the total of all amounts paid to the taxpayer from the taxpayer's NISA Fund No. 2.
Furthermore, for the purposes of section 125, amounts included under subsection 12(10.2) are "income of the corporation for the year from an active business" by virtue of paragraph (b) of the definition of that expression in subsection 125(7).