Community WindFields

The Scotian WindFields are a network of eight community investment fund corporations throughout Nova Scotia working towards the shared vision of generating environmentally friendly, renewable energy in their communities.

Under the Nova Scotia's Community Economic Development Investment Fund (CEDIF) initiative of the NS Department of Economic Development, individual community funds are authorized to raise up to 3 million per offering to dedicate to the development of wind energy in their communities.

Investments in a CEDIF are eligible as a RRSP contribution and for 35% non-refundable Nova Scotia Equity Tax Credit against Nova Scotia taxes payable if held for 5 years. Shareholders may qualify for subsequent tax credits in the 6th (20%) and 11th (10%) year after making the initial investment if the CEDIF meets the additional requirements under the NS Equity Tax Credit legislation to qualify the CEDIF's shareholders for these tax credits.

Investments in Nova Scotian CEDIFs continue to grow with over $20 million of investments made by Nova Scotians today in such enterprises as a farm products storage facility, an arts centre, seniors housing and of course wind energy.

The network of active community corporations has grown over since 2002 to include The Bay (Digby, Yarmouth and Annapolis), The Glooscap (Kings, Hants East & West), Northumberland (Pictou and Antigonish), Colchester-Cumberland (Colchester and Cumberland), Sou'Wester Queens, Shelburne, Lunenburg) and Chebucto (Halifax Regional Municipality). The Gold Coast (Guysborough) and Isle (CapeBreton) are currently seeking directors to round out their complement of local directors as per CEDIF regulations.

An investment through the Scotian WindFields network of community funds is an investment in your community, in your economy and in your environment.