Ontario is joining four other provinces in regulatory changes that will allow the average Canadian to buy a stake in startups and small businesses through crowdfunding.
The Ontario Securities Commission’s new rules will allow businesses to offer equity stakes through registered crowdfunding platforms, including online services, when they come into effect Jan. 28. Websites like Kickstarter, Indiegogo and Patreon already operate in Canada, but funders on those websites don’t get any ownership in the business.
Since 2013, accredited investors — those with financial assets of more than $1 million, net assets north of $5 million or who earn more then $300,000 a year — have been allowed to participate in crowdfunding.
Canadian Press – CBC News – Nov 05, 2015.
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