CEDIF Basics

New Dawn Holdings provides investors with the opportunity to support local, innovative, growth-oriented companies while earning competitive dividends.

The New Dawn CEDIF family of companies (New Dawn Innovation Fund, New Dawn Community Investment and New Dawn Holdings) have been participating in the CEDIF program since 2004.

Over ten years, New Dawn CEDIFS have raised $11 million for direct investment in Cape Breton. To learn more about where these funds have been invested, please visit our Companies page.

What is a CEDIF?

Each year Nova Sco­tians in­vest more than $600 mil­lion in RRSPs. Less than 2% of this is rein­vested in Nova Sco­tia. With New Dawn Holdings, your in­vest­ment dol­lars stay in Cape Bre­ton where they are put to work in your com­mu­nity and you earn a 35% non-refundable provincial income tax credit, in addition to annual dividends.

By in­vest­ing in a lo­cally-owned busi­ness with a strong and con­sis­tent growth tra­jec­tory, your in­vest­ment en­ables a local busi­ness to ac­cess the cap­i­tal it needs to ex­pand its fa­cil­i­ties and op­er­a­tions and to con­tinue to meet the de­mand for its prod­ucts.

New Dawn Holdings al­lows both in­vestors and busi­nesses to fur­ther the vi­sion of cre­at­ing a self-re­liant peo­ple in a vi­brant com­mu­nity.

 Ben­e­fits of In­vest­ing

  • RRSP el­i­gi­ble
  • No An­nual Man­age­ment Fee
  • 2.5% Annual Dividends (*)
  • 35% Provin­cial Non-Re­fund­able In­come Tax Credit
  • 100% of your money in invested in Cape Breton

How it Works

A $1000 in­vest­ment would qual­ify for a non-re­fund­able provin­cial in­come tax credit of $350 on your 2015 re­turn.

Al­ter­na­tively, an in­vestor may carry this non-re­fund­able in­come tax credit for­ward for 7 years or back for 3 years.

The min­i­mum in­vest­ment is $1000 and the max­i­mum in­vest­ment is $15,000 per year, per share­holder.

The in­vest­ment is for a 5 year pe­riod. Your investment may be rolled over after 5 years for an ad­di­tional 20% eq­uity tax credit (if the CEDIF meets certain conditions). Your investment may be rolled over once more at the 10 year mark (if the CEDIF meets certain conditions) for another 10% eq­uity tax credit.

That’s a 65% equity tax credit (or $650 on your original $1000 investment) over 15 years on all investments.

Existing RRSPs with other financial institutions can be transferred, without penalty into CEDIF self-directed RRSPs. In transferring existing RRSPs into self-directed CEDIF RRSPs, you qualify for the 35% non-refundable tax credit on the full transfer amount.

Selecting New Dawn Investments

All potential New Dawn Holdings investments are reviewed and approved by the Investment Committee appointed by the New Dawn Holdings board.

Potential investment recipients must be active for-profit businesses based in Cape Breton and listed with the Nova Scotia Registry of Joint Stock Companies.

Prospective investees must be commercially viable, have a sound business plan reflecting local market conditions, good management, and potential for growth and profitability.

Following approval of a five-year investment, New Dawn CEDIF businesses must submit annual financial statements for board assessment and pay interest monthly.

All investees must allow New Dawn Holdings to appoint, with full Board rights and responsibilities, a representative of New Dawn Holdings to their Board.

If you are interested in an investment by New Dawn Holdings, please complete and submit this form, as a first step.

How to Invest

New Dawn Holdings is now open and accepting investments. New Dawn Holdings will accept investments until February 29, 2016. For more information or to invest, con­tact Leonard Murray at leonard@​newdawn.​ca or 902-539-9560 Ext. 0.

New Dawn Holdings Vision

Diverse, healthy, resilient and self-reliant Cape Breton businesses and economies enabled and enhanced by access to locally-generated and locally-managed capital.

New Dawn Holdings Objectives

  • Provide access to local investment capital for businesses and entrepreneurs in Cape Breton.
  • Provide local investors with opportunities to earn competitive dividends while investing in their community.
  • Generate, over time, a significant bank of locally managed Cape Breton capital that enables the significant growth of local businesses and economies.

 

THIS CEDIF OFFERING MAY BE A HIGH RISK INVESTMENT. THIS OFFERING IS MADE THROUGH AN OFFERING DOCUMENT, WHICH CAN BE OBTAINED FROM AN AUTHORIZED SALES AGENT (Leonard Murray, New Dawn Holdings, PO Box 1055, Sydney, Nova Scotia, Phone (902) 539-9560 Ext. 0). THIS OFFERING CONSTITUTES AN EXEMPT OFFERING OF THESE SECURITIES ONLY IN NOVA SCOTIA BY AUTHORIZED SALES AGENTS.  INVESTORS SHOULD READ THE OFFERING DOCUMENT BEFORE MAKING AN INVESTMENT DECISION.

(*) Past performance does not indicate future results