What are the different investor statuses?

An investor must meet one of the following conditions in order to be considered for an investor category:

Non-eligible Investor

• Investors who do not meet the criteria of any of the below investor statuses.

Eligible Investor

• An individual whose net assets, alone or with a spouse exceed $400,000
• An individual whose net income before taxes exceeded $75,000 in each of the 2 most recent calendar years and who reasonably expects to exceed that income in the current calendar year
• An individual whose net income combined with that of a spouse exceeded $125,000 in each of the 2 most recent calendar years and who reasonably expects to exceed that income in the current calendar year

Accredited Investor

• An individual who, alone or together with a spouse, owns financial assets worth more than $1 million before taxes but net of related liabilities
• An individual, who alone or together with a spouse, has net assets of at least $5,000,000
• An individual whose net income before taxes exceeded $200,000 in both of the last two years and who expects to maintain at least the same level of income this year
• An individual whose net income before taxes, combined with that of a spouse, exceeded $300,000 in both of the last two years and who expects to maintain at least the same level of income this year
• An individual who currently is, or once was, a registered adviser or dealer, other than a limited market dealer
• Companies with net assets of at least $5 million
• Persons or companies recognized by the OSC as an accredited investor

If you think you qualify for a higher investment limit please click here