It seems equity crowdfunding in Ontario may become a reality much sooner than expected. Recently, Sunita Doobay wrote on the topic in the March 2014 issue of Thomson Reuters Carswell Newsletter Privately Held Companies and Taxes. Since then, regulators in six different provinces have jointly released a proposed framework that would allow companies to raise funds online for equity. Sunita has revisited the issue and summarized the proposed changes in an update to the newsletter.
TaxChambers LLP is collaborating with Andersen Global® in Canada.