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

  • TFSA and RRSP eligible investment shares

  • Potential tax credit

  • Annual dividends

  • 100% of money invested in Calgary

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. 

Investors in this co-op can put their shares in RRSPs and TFSAs and 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 can invest in any viable business ideas in your community of Calgary 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 have to buy a Class A share at a cost of $250. This share gives you one vote. You can then purchase a 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 the Local Investing YYC make and cannot sit on the board of the Local Investing YYC.

Who decides what to finance?

The Board of Local Investing YYC, elected by the members, 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.

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 of have the right to:

  • Elect the board of directors
  • 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 board meetings
  • Participate in occasional member surveys

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

Both. Local Investing YYC will provide secured loans to potential investees or will buy into the local businesses by acquiring some of their shares. The Board may decide to purchase 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 rate of return is established when the investment shares are issued. If the co-op earns more than the original 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.

Is my investment guaranteed?

There is no guarantee for your investment. The 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.

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

Yes, these shares are eligible securities in participating co-ops and are classified as private shares by CRA and therefore, can only be transferred to a self-directed RRSP or TFSA. Since these shares are eligible securities in participating co-ops, they have to be placed inside a self-directed RRSP or TFSA developed by Canadian Worker Co-operative Federation (CWCF) in conjunction with the 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 transfer these shares to a self-directed RRSP or TFSA is with CWCF in conjunction with Concentra Financial.