Are you an individual or Business?
To qualify you must fit any of these categories:
A person, or entity, other than an individual, who has net assets of at least $5 million.
FSRA definition - A person or entity, other than an individual, who has net assets of at least $5 million as reflected in its most recently-prepared financial statements and who provides written confirmation of this to the brokerage.
An individual who, alone or together with their spouse, as net assets of at least $5 million.
FSRA definition - An individual who, alone or together with his or her spouse, has net assets of at least $5 million and who provides written confirmation of this to the brokerage.
An individual who alone, or together with their spouse, owns financial assets that have a value that, before taxes but net of any related liabilities, exceeds $1 million.
FSRA definition - An individual who, alone or together wit his or her spouse, beneficially owns financial assets (being cash, securities within the meaning of the Securities Act, the cash surrender value of a life insurance contract, a deposit or evidence of a deposit) that have an aggregate realizable value that, before taxes but net of any related liabilities, exceeds $1 million and who provides written confirmation of this to the brokerage.
An individual whose net income before taxes in each of the two most recent years exceeded $200,000, or when combined with their spouse, exceeded $300,000.
FSRA definition - An individual whose net income before taxes in each of the two most recent years exceeded $200,000 or whose net income before taxes in each of those years combined with that of his or her spouse in each of those years exceeded $300,000, who has a reasonable expectation of exceeding the same net income or combined net income, as the case may be, in the current year and who provides written confirmation of this to the brokerage.
I don’t fit into any of these qualifications, but I still want to invest
FSRA definition - Non-qualified investors can invest a maximum of $60,000
The crown in right of Ontario, Canada or any province or territory of Canada.
A brokerage acting on its own behalf.
A financial institution.
A corporation that is a subsidiary of a person described in paragraph 1, 2, or 3.
A corporation that is an approved lender under the National Housing Act (Canada)
An administrator or trustee of a registered pension plan within the meaning od subsection 241 (1) of the Income Tax Act (Canada).
A person or entity who is registered as an adviser or dealer under the Securities Act when the person or entity is acting as a principal or as an agent or trustee for accounts that are fully managed by the person or entity.
A person or entity who is registerd under securitirs legislation in another province or territory of Canada with a status comparable to that described in paragraph 7 when the person or entity is acting as a principal or as an agent or trustee for accounts that are fully managed by the person or entity.
A person or entity in respect of which all of the owners of interests, other than the owners of voting securities required by law to be owned by directors, are persons or entities described in paragraphs 1 to 12. O. Reg. 188/08, s. 2 (1).
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