Why a CEDIF?

Nova Scotians invest more than $600 million annually in RRSPs. Less than 2% of this is reinvested in Nova Scotia. With a Community Economic Development Investment Fund (CEDIF), your investment dollars stay in Nova Scotia where they can be put to work in your community.

Established in 2004, New Dawn Holdings Ltd raises capital through a CEDIF, a provincial Equity Tax Credit program that provides community development organizations the ability to raise their own funds. Money raised by New Dawn Holdings is loaned to New Dawn Enterprises, providing it with capital to grow its existing companies, launch new businesses, and advance its community-building initiatives.

By effectively pooling your money with your neighbours, and investing in a local business that has been in Cape Breton for more than 30 years creating jobs and supporting economic growth, your local investment ensures young people gain skills to improve their lives, the elderly get the care they deserve, and hundreds of others are able to live better lives in their community.

In short, it allows New Dawn Enterprises to continue their legacy of helping to create a self-reliant people in a vibrant community.

Benefits of Investing

  • RRSP eligible
  • No Annual Management Fee
  • 35% provincial non-refundable income tax credit
  • 4.3% annual dividend paid by New Dawn Holdings Ltd for the past five years*

How it works

A $5000 investment would qualify for an immediate tax credit of $1750 on your 2011 tax return. (The annual maximum allowable investment of $50,000 would ensure a $17,500 tax credit.) Alternatively, an investor may carry this non-refundable equity tax credit forward for 7 years or back for 3 years. The investment is for a 5 year period and may be rolled over after 5 years for an additional 20% equity tax credit.

Minimum investment is $1000 and maximum investment is $50,000 per year, per shareholder.

Track Record

Investments in New Dawn Holdings are as follows:

  • $950,000 raised in 2010 for the 2009 tax year
  • $686,000 raised in 2009 for the 2008 tax year
  • $680,000 raised in 2008 for the 2007 tax year

Since 2004, New Dawn Holdings has invested $2,789,000 in New Dawn companies.

Over the past 4 years, New Dawn Holdings has consistently paid an annual dividend of 4.3% to all shareholders.* There are currently 200 shareholders invested in New Dawn Holdings

Who is Eligible to Invest?

Any Nova Scotia resident over the age of 19 is eligible to invest in a CEDIF anywhere in the province.

How is My Investment Managed?

New Dawn Holdings Ltd is run by a 12-member Board of Directors that manages the fund. The board is selected by investors. Annual financial statements (audited or reviewed), semi-annual unaudited financial statements, and the auditor’s report are distributed to the shareholders. An Annual General Meeting is held each Spring.

*Past performance may not indicate future results.

This advertisement is not to be construed as an exempt offering to the public in Nova Scotia unless a simplified offering document relating thereto has been filed with and its use has not been objected to by the Nova Scotia Securities commission. This CEDIF offering is made through an offering document, which can be obtained from an authorized sales agent or Finder, (Rankin MacSween, New Dawn Holdings, PO. Box 1055, Sydney, Nova Scotia, phone (902) 539-9560 ext. 225 or (902) 539-9566), or click here to download a PDF of the Offering Document. Investors should read the offering document before making an investment decision.