A resident of Ontario, British Columbia, Alberta, Quebec who meets the definition of “accredited investor” and has completed the Certificate of Accredited Investor in the subscription agreement.
There are 22 applicable categories under which you may qualify, see subscription agreement for more details. The four most common are:
- an individual who, either alone or with a spouse, beneficially owns financial assets (cash, securities, contracts of insurance, deposits and evidences of deposits that are not securities for the purpose of securities legislation), having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000,
- an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year,
- an individual who, either alone or with a spouse, has net assets of at least $5,000,000,
- a person, other than an individual or investment fund, that has net assets of at least $5,000,000, as shown on its most recently prepared financial statements, and that was not formed for the sole purpose of making a representation to this effect in order to qualify as an accredited investor.