Community Economic Development Investment Funds
These offerings constitute an exempt offering of these securities only in Nova Scotia by authorized sales agents.
A CEDIF is a pool of capital, formed through the sale of shares (or units), to persons within a defined community, created to operate or invest in local business. It cannot be charitable, non-taxable, or not-for-profit, and must have at least six directors elected from their defined community. More >>
| 2011 CEDIF Annual Meeting The annual meeting for CEDIF was held August 24th at the Museum of Industry in Stellarton, NS. In attendance were 49 individuals, mostly from Nova Scotia, with representatives from PEI where a similar program was recently enacted. The attendees represented both the private and public sector, some with years of CEDIF experience and some seeing it for the first time. The Nova Scotia Securities Commission has developed answers to some of the questions generated that day and these are provided in the FAQ's. There was also a survey of the attendees to measure how the event went, the results of which are in the AGM Evaluation. Below is a list PDF presentations that were given at the AGM.  2011 CEDIF Meeting Agenda 2011 12 NSSC CEDIF updates 2011 CEDIF AGM Evaluation CEDIF AGM FAQs 2011 ERDT Introduction Annual General Meeting Introduction to the COMFIT program Jeff Larsen CEDC Renewable Electricity Opportunities in Nova RRSP to RIF Conversions Peter |
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| 01.23.2012 | New leadership structure for Just Us! Coffee Roasters | |
| 05.25.2011 | Recent Events Affecting Community Economic-Development Investment Funds (CEDIFs) | |
| 11.17.2010 | Form 1 Offering Document Revised November 17, 2010 | |
| 06.16.2010 | Community Economic Development Investment Fund Regulation Amendment | |
| 12.22.2009 | Some like to take a local risk - Chronicle Herald | |
| 11.13.2009 | Government of Canada Invests in Economic Development Program for Southwestern Nova Scotia | |
| 07.30.2009 | 2009 CEDIF Meeting(s) have been scheduled | |
Over the past 11 years, a pattern has emerged where Funds develop an Offering Document and attachments through the summer and early fall, so as to attain an Equity Tax Credit Certificate (Minister of Finance) and Letter of non-objection (NS Securities Commission) in early December. This enables the Fund(s) to be able to sell into the period between December and 60 days after the calendar year end, also known as the "RRSP season".
There have been exceptions to this general rule with successful offerings completed in the summer months, however, the majority of applications continue to be submitted in late October.
It is expected that a significant number of offerings will be done again this year and the table below outlines what is expected to be available to local investors.
While a Fund or Funds may not be open for investment at this time, persons interested in learning more about any of these Funds is encouraged to contact them directly.
Disclaimer
The Department of Economic and Rural Development and Tourism (the “ERDT”) has no relationship with any of the following businesses or companies, and is not recommending, endorsing, guaranteeing, or selling them as investments. They are being presented on this website to the general public on an “as is” basis. While the information on this site may deal with legal, financial, business or investment issues, it does not constitute legal, financial, business or investment advice. If you have specific questions related to information available on this site, you are encouraged to consult an advisor who can provide you with the advice based on the particular circumstances of your situation.
Due to the rapidly changing nature of the law, or financial, business, or investment information, the ERDT does not warranty or guarantee the accuracy or availability of the content on this site or on other sites to which we link.
In no event will the ERDT be held liable to any party for any damages arising in any way out of the availability, use, reliance on or inability to use the ERDT’s website or any information provided by or through the ERDT website, or for any claim attributable to errors, omissions or other inaccuracies in, or destructive properties of any information provided by or through, the ERDT’s website.
(Updated 05.24.2012)
| Fund | Min/Max Offering | Minimum Investment | Contact |
| Open for investment | |||
| Mabou Growth Fund Ltd. | $100,000 - $3,000,000 | $100 | John McKay |
| KA'NATA Investment Fund Ltd. | $100,000 - $3,000,000 | $2,500 | Fiona Diamond 902-492-1115 |
| Aphrodite Investors Group | $150,000 - $800,000 | $5,000 | Judy MacInnis 902-863-5536 |
| Colchester-Cumberland Windfield | $252,000 - $1,251,000 | $3,600 | David Stevenson 902-462-1969 |
| Celtic Current Inc. | $500,000 - $3,000,000 | $5,000 | Leonard van Zutphen 902-429-7322 |
| Antigonish Investments Limited | $75,000 - $2,000,000 | $1,000 | Robert Inglis 863-4569 |
| Bay Wind Field Inc. | $50,000 - $3,000,000 | $500 | David Walton |
| Applications under review by NS Securities Commission | |||
More funds >>
Persons involved with the management of a fund should know the following:
Investment Pacing
• Dept. of Finance
• NSSC - TBA
Investor Hold Periods
• Dept. of Finance
Subsequent Tax Credits for CEDIFs
• Dept. of Finance
Rollover of Investments
• Dept. of Finance
Investment Pacing
• Dept. of Finance
• NSSC - TBA
Investor Hold Periods
• Dept. of Finance
Subsequent Tax Credits for CEDIFs
• Dept. of Finance
Rollover of Investments
• Dept. of Finance
 | Community Economic Development Investment Funds Brochure
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- Alfred Marshall, The Principles of Economics
- Alfred Marshall, The Principles of Economics