The Bay Wind Field Inc. has been a CEDIF since 2002 when it achieved its first offering, to date (January 2012), Bay Wind Field has had 7 (seven) successful offerings always meeting its minimum requirement. The benefit of investing in a CEDIF is that you receive in addition to your investment Equity Tax Credits (ETC) at set period during the life of your investment. The ETC are paid as follows:
1st Tax year of investment 35% (thirty-five percent) of the investment.
5th plus year of investment 20% (twenty percent) of the initial investment, if CEDIF meets certain conditions.
10th plus year of investment 10% (ten percent) of the initial investment, if CEDIF meets certain conditions.
If the investment is placed in a RRSP the ETC does not affect the RRSP Tax incentives.
Notes:
The Nova Scotia Government have the right not issue the ETC if the CEDIF conditions have not been made.
Recently the Nova Scotia Government has extended the ETC to February 2022.
Bay Wind Field Inc - ETC on Prior Offerings
In addition to the current offering the following Tax Credits will be paid out this year subject to the original investor still holding the full investment, the Bay Wind meets the CEDIF critera and we have the correct Postal Address:
2006 Offering - 20% Tax Credit has been submitted and the certificates should be mailed shortly.
2002 Offering - 10% Tax Credit is being prepared, the ETC has been applied for and should be released by late March 2012.
Note: Please inform the Bay Wind Field Inc, any change in your mailing address, so we can keep you updated and forward the paper work to allow ETC to be issued.
In addition to the current offering the following Tax Credits will be paid out this year subject to the original investor still holding the full investment, the Bay Wind meets the CEDIF critera and we have the correct Postal Address:
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