How it Works

After you have read the Offering Document for the business that interests you, you can purchase the shares through one of the authorized sales agents listed in the document. These shares can be held either separately from or within a self directed RRSP. If you choose to hold the shares in an RRSP, you may want to transfer funds from an existing RRSP to a new plan. You would then get your 35% non-refundable Nova Scotia tax credit without having to use any new money. Your money is held in an trust account until the Offering has met all of its minimum requirements as listed in the Offering.

About TFSA’s – Technically you can hold these shares inside a Tax Free Savings Account, BUT there would be NO Nova Scotia tax credit. This is because of a ruling by the Nova Scotia Finance Dept.

Standard Nova Scotia Securities Commission Warning: THIS CEDIF OFFERING IS MADE THROUGH AN OFFERING DOCUMENT,WHICH CAN BE OBTAINED FROM AN AUTHORIZED SALES AGENT OR FINDER. INVESTORS SHOULD READ THE OFFERING DOCUMENT BEFORE MAKING AN INVESTMENT DECISION.

Now that you have your shares, you are a member of a community enterprise. You will receive regular Annual and 6 month financial statements and be invited to attend the Annual General Meeting. There you will meet the other shareholders in your “community” and meet the Executive and elect the Directors of your company. If there is any change to the investment policy as stated in the Offering or other change requiring shareholder approval, there will be a special general shareholders meeting. See you there.