The Bay Wind Field Inc. |CEDIF and ETC Information| ETC

The Bay Wind Field Inc. has been a CEDIF since 2002 when it achieved its first offering, was September 2021, Bay Wind Field has had 11 (eleven) successful offerings always meeting its minimum requirement. The benefit of investing in a CEDIF is that you receive in addition to your investment Equity Tax Credits (ETC's) at set period during the life of your investment.

The last offering closed on 29th May 2015.

The ETC's are paid as follows:

1st Tax year of investment 35% [thirty-five percent] of the investment.

5th plus year of investment 20% [twenty percent] of the initial investment, if CEDIF meets certain conditions.

10th plus year of investment 10% [ten percent] of the initial investment, if CEDIF meets certain conditions.

One condition on the Payment of the ETC is that there has been a subsequent CEDIF offering for "The Bay Wind Field Inc".

As the last offering was 2015, the payment of the Second and Third 2015's ETC's can not be made unless there is a further offering.

If the investment is placed in a RRSP the ETC does not affect the RRSP Tax incentives.

Notes:

The Nova Scotia Government have the right not issue the ETC if the CEDIF conditions have not been made.

   Current Information on CEDC and ETC;s can be found at the below link:

The CEDC [also known as Community Economic Development Investment Funds (CEDIFs)] List is compiled by Nova Scotia Securities Commission (NSSC) staff for the public to easily identify companies that are CEDCs under Nova Scotia securities laws. The list does not represent a list of CEDIFs conducting an active offering.

Current List of CEDIFs can be found at the link below:

    History Of Equity Tax Credit's [ETC's]

In 1993, the Province established the Nova Scotia Equity Tax Credit to encourage local residents to invest in Nova Scotia small businesses. As an incentive, the Province offered a personal tax credit of 30 per cent to encourage investors to participate. The Equity Tax Credit allows equity investment in corporations, co-operatives and community economic development initiatives. In the case of corporations, eligible investments must be newly-issued common voting shares without par value.

Note:

Change of Address.    Please inform the Bay Wind Field Inc, any change in your mailing address, so we can keep you updated and forward the paper work to allow ETC to be issued.

[Home]
[Board Members] [CEDIF Information] [RRSP Info]
[Financial Statement] [Site Map] [Information/Downloads]
[Wind Turbine Sound and Health Effects]