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 >>
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The pattern followed by most Funds has been to make application in the fall so as to be able to sell shares in the first 60 days of the new year, to correspond with the RRSP season. This year continues this pattern with a number of Funds currently under development.
The table below summarizes the status of these applications. (Updated 11.16.2007)
| Fund |
Status |
Target Offering |
Minimum Investment |
Contact |
| Bay Wind Field | Open | $100,000-
$3 million | $1,000 | Loretta Lyons 1-877-380-WIND (9463) |
| Black Business Community Investment Fund Ltd. | Open | | | Gordon Doe 426-6985 |
| Chebucto Wind Field Inc. | Open | $100,000-
$3 million | $500 | Shelly Wilcox
209-5911 |
| Connecting People Equity Holdings | Open | $1.5 Million-
$3.0 Million | $5,000 | Dianne Kielderman 442-4645 |
| Evangeline Fund | Open | $99,999-
$999,999 | $3,333.33 | John Fitzgerald 670-5200 |
| Farmer's Market Investment Co-Operative Ltd. | Open | $500,000-
$2.5 million | | Glenn Munroe 483-4732 |
| Just Us Coffee - Wolfville | Open | $300,000 | $1,000 | Melissa Stewart 542-7474 ext. 257 |
| Margaree and Area Community Fund Inc. | Open | $600,000 | $500 | Tony Parsons 248-2543 |
| New Dawn Holdings Limited | Open | $100,000 - $1,500,000 | $1,000 | Rankin MacSween 539-9560 |
| Port Hood RV Co-operative Limited | Open | $50,000-
$700,000 | | Joe Morris 227-5697 |
| Select Technologies | Open | $400,000-
$3 million | $10,000 | Ron McLeod 421-6024 |
| Soil Ecology Investment Group Ltd. | Open | $100,000-
$250,000 | $500 | Shelley Wilcox 209-5911 |
| The Sustainable Islands Fund | Open | $140,000-
$3 million | $1,000 | Dana Morin 839-2078 |
| Whycocomagh Investment Co-operative Limited | Open | $150,000-
$660,000 | $1,000 | Marilyn MacDonald 756-9035 |
More funds
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Persons involved with the management of a fund should know the following:
ETC Regulations
• Dept. of Justice
Investment Pacing
• Dept. of Finance
• NSSC - TBA
 | CEDIF Information Sheet
• Download
(1.1MB PDF)
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