By Wendy Keats
The Grass Roots Community Economic Development Co-operative (CEDC) would like to thank everyone who participated in our webinars and meetings over the summer as we explained the Community Economic Development investment fund being developed for rural communities in Albert and Westmorland counties.
CEDCs are a way for ordinary New Brunswickers to invest in their local businesses and economy and receive 50% of their investment back through a tax credit on their provincial income tax. These funds are RRSP and TFSA eligible so you may be able to redirect your existing investments and get the benefits of both.
The Grass Roots Community Economic Development Co-operative (CEDC) would like to thank everyone who participated in our webinars and meetings over the summer as we explained the Community Economic Development investment fund being developed for rural communities in Albert and Westmorland counties.
CEDCs are a way for ordinary New Brunswickers to invest in their local businesses and economy and receive 50% of their investment back through a tax credit on their provincial income tax. These funds are RRSP and TFSA eligible so you may be able to redirect your existing investments and get the benefits of both.
While the Grassroots CED Co-operative received approval from the Dept. of Finance and the Financial and Consumer Services Commission to raise funds in 2021, due to the challenges of meeting with people during COVID, we decided to wait until restrictions are lifted; however, we wanted people to know that plans are definitely in the works. We’d love to hear from you if you have any questions.
You can write us at [email protected] or check out www.grassroots.coop. You can find information about the investment tax credit from Financial and Consumer Services www.fcnb.ca/en/capital-markets/community-economic-development-corporations-and-cooperatives-cedcs.
We’ll be back in touch in the new year with webinars and more information on the CEDC program and our plans for Albert and Westmorland counties. In the meantime, we want to wish everyone very Happy Holidays and please don’t forget to support our local businesses!
You can write us at [email protected] or check out www.grassroots.coop. You can find information about the investment tax credit from Financial and Consumer Services www.fcnb.ca/en/capital-markets/community-economic-development-corporations-and-cooperatives-cedcs.
We’ll be back in touch in the new year with webinars and more information on the CEDC program and our plans for Albert and Westmorland counties. In the meantime, we want to wish everyone very Happy Holidays and please don’t forget to support our local businesses!
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