Tagged: ontario

July 9, 2018 @ 6:26 pm By Cali Haan  |  

The Ontario Securities Commission’s (OSC’s) “Statement of Priorities for the Financial Year to End March 31st, 2018,” provides little guidance to Ontario companies trying to advance blockchain-based financial technologies, says Toronto-based blockchain lawyer Amy ter Haar. T Though the report restates the commission’s commitment to protecting… Read More

May 3, 2018 @ 11:41 am By Erin Hobey  |  

Online P2P lender Lending Loop has partnered with the Ontario government to launch a pilot project that will provide $3M in loans over the next two years, according to the Globe and Mail. The article indicated that the Ontario government will boost Toronto-based Lending Loop’s… Read More

June 23, 2017 @ 2:49 pm By Cole Lyons  |  

The Boston based company Fintech Sandbox and the Ontario Centres of Excellence (OCE) signed a memorandum of understanding (MOU) to work together to bring the Fintech Sandbox model into Ontario and eventually the rest of Canada. The President and CEO of OCE, Dr. Tom Corr,… Read More

June 2, 2017 @ 2:34 am By Jonathan Nieh  |  

This week, Canadian fintech company Wave, which is based out of Toronto, Ontario, announced it had closed on $32 million CAD (about US $24 million) of funding for its Series D round. The funding was led by investments from the Royal Bank of Canada (RBC) and National… Read More

April 30, 2017 @ 9:49 am By Jonathan Nieh  |  

The Toronto Financial Services Alliance (TFSA) released a statement this week welcoming Ontario’s support for the Fintech sector. The announcement by TFSA followed Ontario releasing its budget containing a strategy for advancing Fintech in the region.  The TFSA is a private/public partnership whose goal is to… Read More

March 17, 2017 @ 8:23 am By JD Alois  |  

Finding and allocating money public projects including urban improvements is hard. Constituents never want to see their taxes increase and inevitably some people support certain projects. Others, not so much. Randy Hillier, MPP for Lanark-Frontenac & Addington in Ontario, believes he has the solution. Hillier… Read More

March 21, 2014 @ 8:41 am By JD Alois  |  

Below is the backgrounder published by the Ontario Securities Commission which outlines the proposed exemptions for crowdfunding in Ontario.  There is a comment period that ends on June 18, 2014.     ____________________________ [scribd id=213678602 key=key-1swrg4keo903570hmjzc mode=scroll]

March 21, 2014 @ 8:01 am By JD Alois  |  

In a release issued by the Ontario Securities Commission (OSC), the regulatory body for the Ontario’s capital markets.  A 90 day public comment period starts for four new exemptions.  These exemptions are intended to facilitate capital raising by businesses at different stages in their development,… Read More

March 19, 2014 @ 10:06 pm By JD Alois  |  

In a statement from Adam Spence, Associate Director of the MaRS Centre for Impact Investing and the founder of the SVX,  the SVX platform is described as being off to a slow but solid start. Toronto based SVX is a local, impact first platform that connects… Read More

December 30, 2013 @ 10:31 am By Charles Luzar  |  

An Ontario couple has a crowdfunding campaign live on GoFundMe now. It seeks a goal of $7,000 to help fund the couple’s planned move to Scotland. Thus far they’ve raised just over $400 to put toward that goal. Recently a piece on the campaign ran… Read More

December 30, 2013 @ 9:36 am By JD Alois  |  

The following presentation reviews investment crowdfunding for Canada and more directly the province of Ontario.  Notable quotes include: SME’s generate 50% of GDP and 55% of Jobs in Ontario 25% of SME’s cease in first 2 years, 50% within the first 5 years Canada ranks… Read More

October 10, 2013 @ 10:16 am By Charles Luzar  |  

Innovative pens tend to do fairly well on rewards-based crowdfunding web sites like Kickstarter, and the Polar Pen is no exception. The “world’s first modular pen made from magnets” has raised CAD $700,000 with a week left in the campaign. To be fair, this pen… Read More

September 25, 2013 @ 10:11 am By JD Alois  |  

Impact investing crowdfunding platform Social Venture Connexion (SVX) rang the bell last week on the Toronto Stock Exchange, thus officially launching their new platform.  The Ontario Securities Commission had issued an “exemptive relief order” earlier this year to allow the non-profit entity SVX to sell… Read More

June 21, 2013 @ 10:53 am By JD Alois  |  

The Ontario Securities Commission (OSC) has approved crowdfunding in Ontario for accredited investors.  The OSC has announced an “exemptive relief order” which will permit the sales of securities via crowdfunding platforms.  This order pertains to a specific non-profit entity called Social Venture Connexion (MaRs SVX),… Read More

May 15, 2013 @ 9:03 am By Advisor.ca  |  

The OSC will hold a roundtable on June 11, 2013 to discuss ways investors can help start-ups and small businesses raise money in Canada. It wants to consider how companies can do this by issuing securities without first having to prepare and file a prospectus…. Read More

April 15, 2013 @ 5:30 pm By Laywers Weekly  |  

Ontario looked upon as key to setting pace When the U.S. Jumpstart Our Business Startups Act was passed last year, it included a “crowdfunding exemption” that opened the door to using social media and other Internet tools to raise capital. And while other jurisdictions, such… Read More

March 18, 2013 @ 2:10 am By CP24  |  

Social media wants to meet up with corporate finance on the Internet to let startup and small businesses raise money online. It’s called equity crowdfunding — different from Kickstarter which funds creative projects like movies, games or music and — because it would give these… Read More

March 15, 2013 @ 5:58 am By JD Alois  |  

In comments filed with the Ontario Securities Commission (OSC), Interactive Ontario (IO) has urged the OSC to quickly approve proposed prospectus exemptions for crowdfunding capital. IO supports these exemptions as a means to increasing the available pool of capital for Ontario digital media companies.  IO… Read More

March 14, 2013 @ 10:40 pm By JD Alois  |  

Interactive Ontario (IO) is urging the Ontario Securities Commission (OSC) to approve proposed exemptions for raising capital in the province via crowdfunding. IO says it supports the exemptions as a means to increasing the available pool of capital for Canadian digital media companies. Crowdfunding empowers… Read More

February 21, 2013 @ 7:54 pm By NCFA Canada  |  

OCE has weighed in on crowdfunding, a new way to solicit investments for innovative ideas and projects through social media that is gaining momentum in the United States and the UK. Responding to a call for submission from the Ontario Securities Commission (OSC), OCE recommends… Read More