ARE YOU AN ACCREDITED INVESTOR?
Who qualifies as an 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 or
· 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; or
· 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
· Financial institutions
· Governments and governmental agencies
· Insurance companies
· Pension funds
· Registered charities
· Certain mutual funds, pooled funds and managed accounts
· Companies with net assets of at least $5 million
· Persons or companies recognized by the OSC as an accredited investor