The government’s Plan for Growth: Vision 2020 and Beyond highlights the importance of helping Saskatchewan small businesses and start-ups meet the challenges of growth.

“Small businesses play a central role in our economy,” Minister responsible for FCAA Gordon Wyant said. “Our government’s goal is to make sure that Saskatchewan continues to be one of the best places in Canada to start and grow a small business through competitive taxes, a continued reduction of red tape, measures to address the province’s labour shortage, and now through an additional source of funding.”

Related: NCFA Canada response to FCAA consultation on equity crowdfunding (general order 45-925)

“We know that the current rules for selling a stake in a company can be expensive, complicated and time consuming for small businesses or start-ups,” FCAA Chair and CEO Dave Wild said. “Equity crowdfunding will help fill the fundraising gap for these businesses so that they can compete in our market. This is also an opportunity for Saskatchewan people to invest in Saskatchewan businesses – it’s a unique opportunity to help grow our provincial economy.”

Protecting the public interest is at the top of FCAA’s priorities. In addition to other precautions, the Equity Crowdfunding Exemption limits the amount of money individual investors can risk and how much individual companies can raise.

To learn more about equity crowdfunding, visit www.fcaa.gov.sk.ca/SKEC.

-30-

For more information, contact:

Daniela Machuca
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Email: daniela.machuca@gov.sk.ca

Source: FCAA Press Release

Links:
FCAA Summary of comments and responses on Saskatchewan Equity Crowdfunding Exemption

Event Video (Dec 6, 2013):  Saskatchewan approves Equity Crowdfunding Exemption

Saskatchewan Crowdfunding Rules and Forms as of December 6, 2013

• Saskatchewan Equity Crowdfunding Exemption – General Order 45-925 – Dec 6 2013.pdf  ( 117 KB )
• Equity Crowdfunding Information for Investors.pdf  ( 227.9 KB )
• Equity Crowdfunding Information for Websites.pdf  ( 868.9 KB )
• Equity Crowdfunding Information for Businesses.pdf  ( 882.6 KB )
• Individual Information Form (For Businesses).pdf  ( 207 KB )
• Issuer Information Form (For Businesses).pdf  ( 192 KB )
• Offering Document (For Businesses).pdf  ( 238.8 KB )
• Report of Trades Form (For Businesses).pdf  ( 210.9 KB )
• Portal Individual Information Form (For Crowdfunding Websites).pdf  ( 204.4 KB )
• Portal Information Form (For Crowdfunding Websites).pdf  ( 198.9 KB )
• Securities – Notice of Implementation – Saskatchewan Equity Crowdfunding Exemption

*   *   *

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Increase your organization’s profile and gain access to a dynamic group of industry front runners. Learn more eBrochure | Prezi or contact us at casano@ncfacanada.org.