Nov 05, 2015
By Michael Kramer
Businesses and individuals in Ontario will soon be allowed to raise money and sell stakes in their businesses through crowd-funding.
Ontario is one of five provinces that will give the thumbs up to people – to use the money raising technique.
It will happen when the Ontario Securities regulator brings in a new policy – in January.
Websites like Indiegogo and Kickstarter have made it easier for entrepreneurs in the U.S. – to raise money from large numbers of people at a time.
But those crowd-funding platforms provide no equity in the featured product – while the new rules smooth the way for Canadian businesses to use crowd funding – to sell equity.