Who Can Invest

Who Can Invest

  1. A close friend, family member, or business associate of the directors.
    • Not applicable to Ontario residents
  2. You are an Accredited Investor, which is defined under Canadian securities law and includes the following categories: (only one is required to qualify)
    • You alone, or together with a spouse, own financial assets (reasonably liquid assets and excludes real estate) worth more than $1 million before taxes but net of related liabilities
    • You alone, or together with a spouse, have net assets of at least $5 million
    • Your net income before taxes exceeded $200,000 in both of the last two years and you expect to maintain at least the same level of income this year;
      or
      Your net income before taxes, combined with that of a spouse, exceeded $300,000 in both of the last two years and you expect to maintain at least the same level of income this year
    • An individual who currently is, or once was, a registered adviser or dealer under Canadian securities law, other than a limited market dealer in Ontario or Newfoundland
    • Financial institutions
    • Governments and governmental agencies
    • Insurance companies
    • Pension funds
    • Registered charities
    • Certain mutual funds, pooled funds and managed accounts
    • Corporate entities with net assets of at least $5 million (except investment funds)

Public Crowdfunding in Canada

On March 20, 2014, the Ontario Securities Commission proposed four new exemptions, including the Offering Memorandum exemption that will enable all investors to potentially invest up to $10,000 and eligible investors who earn $75,000 or more (or $125,000 with their spouse) to invest up to $30,000, pending a suitability review for each investor. The proposal is presently under review and the OSC is accepting feedback until June 18, 2014. Please click on the button below to learn more about the new exemptions.

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