A Community Economic and Development Investment Fund (CEDIF) is a pool of capital which is raised from individuals within Nova Scotia to invest in for-profit entities within a defined community. These funds are controlled by a local group of officers and directors, who may be chosen by the founders and promoters of the CEDIF or by the CEDIF’s investors at an annual general meeting.
To start a CEDIF offering, applicants must:
Complete and file the Form 1 Simplified Offering Document with the NSSC and Department of Finance and Treasury Board.
Receive a letter of non-objection from the Director of the NSSC.
Receive an Equity Tax Credit (ETC) from the Minister of Finance.
Frequently Asked Questions & Key Info
To assist CEDIF participants in understanding and applying community economic-development corporations regulations (CEDC Regulations), NSSC staff compiled the following summaries and responses.
- What Happens if I invest in a CEDIF through a RRSP?
- Important NSSC Financial Statement Filings and Cease Trade Orders
- Department of Finance - Equity Tax Credit
- The Offering Document FAQs (Aug 2016)
- Continuous Disclosure FAQs (Aug 2016)
- General FAQs
- ComFit FAQs
- Understanding the CEDIF application process presentation
- Investment Fund Manager requirements
Nova Scotia Securities Law
Nova Scotia securities law apply to CEDIFs. Some latitude is given to the programme in the following:
- Blanket Order 13-501 Oct 31, 2003 - Re: Schedule A to Form 2A and to Form 2 to be held in confidence
- NSSC Policy 45-601 Apr 8, 2024 - Re: Investment Funds
- Blanket Order 45-521 Apr 8, 2024 - Re: Investment Funds
- Blanket Order 45-523 Apr 22, 2014 - Re: Promotional Material
- NSSC Notice 45-706 Oct 31, 2003 - Re: Prescribed Form 2A
- Blanket Order 51-504 Apr 13, 2011 - Re: Financial Statements
Forms and Other Documentation
The following forms are being provided for your convenience: