Strategies

An Accredited Investor, as defined by National Instrument 45-106 (Prospectus Exemptions), can have several definitions, including but not limited to:

• an individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that before taxes, but net of any related liabilities exceeding $1,000,000; (or)
• an individual who, either alone or with a spouse, has total net assets of at least $5,000,000; (or)
• an individual whose net income before taxes exceeded $200,000 in each of the 2 most recent calendar years or an individual whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the 2 most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year;

The Accredited Investor exemption definitions listed above do not constitute an exhaustive list of all possible Accredited Investor exemption definitions. To read a detailed list of all possible Accredited Investor exemption definitions, please visit the Ontario Securities Commission (OSC) website.