Our member investors receive the following benefits from investing with us:

  • TFSA and RRSP eligible investment shares

  • Potential tax credit

  • Annual dividends and/or returns comparable in the impact investing space

  • 100% of money invested in Calgary enterprises

What is Local Investing YYC?

Local Investing YYC is a for-profit co-operative that provides capital to Calgary-based entrepreneurs who generate financial, social and environment returns. Our purpose is to provide passive investment into a needed business in Calgary.

What is a cooperative?

A co-op is a business owned and governed by its members. Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility, and caring for others.

Local Investing YYC operates within the co-operative principles which are guidelines by which co-operatives put their values into practice. You can find the cooperative principles on our About tab. 

Investments in cooperatives are generally protected from fraud since the governance structure is open and transparent. The democratic structure of this co-op makes it more difficult for one group or individual to benefit unduly over an investment as members have only one vote no matter how many investment shares they own.

What type of businesses does Local Investing YYC support?   

Local Investing YYC is here to invest in any viable business ideas within your community, specifically within Calgary and surrounding area that align with the mandate of the co-op which you can see on our Investee tab.

Why should I Invest in Local Investing YYC?

People that invest in Local Investing YYC are generally people that care about their community, want to do social good and want a sustainable future for the community.

How can I invest in Local Investing YYC?

First, you have to become a member if you want to buy the first series of shares that Local Investing YYC will be issuing. To become a member you will need to buy a Class A share at a cost of $250. This membership share gives you one vote. You can then purchase Class B investment shares.

Can entrepreneurs who receive financing from Local Investing YYC invest in the Local Investing YYC?

Yes. This shows that the entrepreneur has a strong commitment to their business, as well as Local Investing YYC.

Entrepreneurs and other members who are involved in the operation of the business, are unable to be directly involved in any of the decisions related to their business that Local Investing YYC make and cannot sit on the board of Local Investing YYC.

Who decides what to finance?

The Members of Local Investing YYC, will determine where the capital will be invested in your community. It is the responsibility of the board to evaluate potential projects based on their ability to provide a financial, social and/or environmental return and present these investment opportunities to its members. The first round of investments has been decided by Local Investing YYC’s Founding Members.

As a member in Local Investing YYC, do I get a vote on how the businesses are run?

No. The Board (and its Advisory Board) decides which businesses get support and how much support to give these businesses.

Members have the right to:

  • Elect the board of directors

  • Vote on which businesses Local Investing YYC will invest in. (The first round of investments has been decided by the Founding Members)

  • Receive a copy of the co-op Articles and Bylaws

  • Review reports on financial performance at the annual meeting and in the newsletter

  • Run for the board of directors (unless employed by the co-op)

  • Vote for changes in the Articles and Bylaws as proposed by the board of directors

  • Attend Meeting of Members

  • Participate in occasional member surveys

How does Local Investing YYC finance local businesses – equity or debt?

Both. Local Investing YYC can provide loans to potential investees or can buy into the local businesses by acquiring an equity stake. Local Investing YYC can also pursue other avenues such as the purchase of a building to lease to local entrepreneurs and generate rental income.

When Local Investing YYC issues investment shares, it will explain how the capital will be used.

What rate of return can I expect to receive on my investment?

Local Investing YYC will determine how much will be paid back to investors and when. This will depend on the success of the businesses Local Investing YYC finances and on the type of investment it has made.

The target rate of return is established when the investment shares are issued. If the co-op earns more than the original target rate of return, the Board has the discretion of increasing the dividends paid to investors.

How do I determine the market value of my shares?

The “market value” is what you paid for the investment shares at time of purchase. The market value of these shares will fluctuate and Local Investing YYC will establish the market value on an ongoing basis.

How long do I have to stay invested?

Investments in Local Investing YYC are for a minimum term of 5 years. During our capital raise more details will be provided in the Subscription Agreement.

Is my investment guaranteed?

There is no guarantee on your investment. Local Investing YYC is a for-profit co-op and expects to secure a return for all investors; however, it is unable to guarantee any return or the investment made.

Are the Investment shares eligible for transfer to an RRSP or TFSA?

Yes, Local Investing YYC is a member of the Canadian Worker Co-operative Federation (CWCF). The shares offered are eligible securities in a participating co-op and are classified as private shares by CRA and therefore, can only be transferred to a self-directed RRSP or TFSA. The shares have to be placed inside a self-directed RRSP or TFSA developed by CWCF in conjunction with Concentra Financial. The forms necessary to complete a transfer will be available on our website shortly.

Can I transfer Investment shares to a self-directed RRSP or TFSA administered by another financial Institution?

No. The only opportunity to hold these shares in a self-directed RRSP or TFSA is with CWCF in conjunction with Concentra Financial.