The New Dawn Innovation Fund is excited to announce the launch of its 2015 campaign.

The New Dawn Innovation Fund 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 $9.4 million for direct investment in Cape Breton. The funds have been invested in companies like ProtocaseAdvanced Glazings45 DrivesHalifax BiomedicalMedia SparkMarcato Digital and Nova Stream.

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 the New Dawn In­no­va­tion Fund, your in­vest­ment dol­lars stay in Cape Bre­ton where they can be 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 cut­ting edge ex­port-ori­ented busi­ness to ac­cess the cap­i­tal it needs to ex­pand its fa­cil­i­ties and op­er­a­tions and to con­tinue to meet the grow­ing de­mand for its prod­ucts.

The New Dawn Innovation Fund 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
  • 3% 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 2014 tax 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 Innovation Fund investments are reviewed and approved by the Investment Committee of the New Dawn Innovation Fund 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 meet all lending criteria, including the provision of three years of financial statements and Canada Revenue Agency Tax Returns. They 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 the New Dawn Innovation Fund to appoint, with full Board rights and responsibilities, a representative of the Innovation Fund to their Board of Directors.

How to Invest

The New Dawn Innovation Fund is now open and accepting investments. The New Dawn Innovation Fund will accept investments until March 2, 2014. For more information or to invest, con­tact Leonard Murray at leonard@​newdawn.​ca or 902-539-9560 Ext. 0.

New Dawn Innovation Fund 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 Innovation Fund 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 Innovation Fund Limited, 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

Healthcare

New Dawn Health Care offers professional health care services including home care, foot care, blood collection services and residential living for seniors though Home Living Ltd. and the New Dawn Guest Home.

Rental Properties

New Dawn owns and manages five commercial properties including the historic Crowell’s Building in downtown Sydney, and two hundred quality homes throughout CBRM. Click here to see current vacancies.

New Dawn College

New Dawn College is a registered Private Career College offering diploma programs in Cosmetology Hair Design, Continuing Care Assistant, Basic Welding and High Pressure Pipe Welding.

Meals on Wheels

New Dawn Meals on Wheels is a not-for-profit program that provides hot, nutritious meals and smiles to people in our community who are unable to prepare meals for themselves.

Invest Local

Enabling investors the opportunity to grow their money through the CEDIF (Community Economic Development Investment Fund) structure while also growing the community in which they live and work.

Community Engagement

The New Dawn Community Education Foundation was established in 2002. The work of the Foundation is to engage and encourage community participation and dialogue as the basis for community building and to raise funds to do the work.

Holy Angels Project

New Dawn Enterprises recently purchased this historic complex, which has been an important asset in our community for over a century. New Dawn is in the process of adapting these facilities to meet community needs in the most responsible, creative, and sustainable way possible.