Is equity crowdfunding allowed in Ontario?
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Our response:
Crowdfunding allows businesses to raise capital from a potentially large number of investors.
On November 5, 2015, the securities regulatory authorities in Ontario, Manitoba, Quebec, New Brunswick and Nova Scotia approved crowdfunding as a way for certain firms to raise capital, subject to rules designed to help protect investors. Subject to approval by the Minister of Finance, the crowdfunding rules will come into force on January 25, 2016.