Canadian Agricultural Loans Act Program


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The Canadian Agricultural Loans Act (CALA) Program is a loan guarantee program designed to increase the availability of loans to farmers and agricultural co-operatives. Farmers can use these loans to establish, improve, and develop farms, while agricultural co-operatives may also access loans to process, distribute, or market the products of farming. Under the CALA, the federal government guarantees, to the lender, repayment of 95% of a net loss on an eligible loan issued. The maximum aggregate loan limit for any one farm operation is $500,000. Loans are limited to a maximum of:


  • $500,000 for the purchase of land and the construction or improvement of buildings
  • $350,000 for all other loan purposes, including consolidation/refinancing


Apply directly through your lending institution. Other conditions apply.


Credit Unions


East Coast Credit Union Limited

1168 East Margaree Road

Margaree NS


St. Joseph’s Credit Union

3552 Highway 206

Petit De Grat NS

New Waterford Credit Union

3462 Plummer Avenue
New Waterford NS

Sydney Credit Union

95 Townsend Street P.O. Box 1386
Sydney NS

Bank of Montreal


37 Union Street

Glace Bay NS


Bank of Nova Scotia


765 Main Street
Sydney Mines NS

299 Commercial Street P.O. Box 40
North Sydney Ns

125 Commercial Street
Glace Bay NS

634 Reeves Street Unit 18
Port Hawkesbury NS


Canadian Imperial Bank of Commerce


11 Keltic Drive
Sydney River NS
15 Dorchester St.
Sydney NS

Toronto Dominion Bank

292 Charlottetown Street
Sydney NS