Wayfarers’ Ale Seeking Investors in Nova Scotia
On November 14, 2014 At 8:30 am
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PORT WILLIAMS, NS – The founders of a craft brewery being planned for Nova Scotia’s Annapolis Valley have announced the launch of a program that will allow residents of the province to invest in the project and receive a tax credit for doing so.
The Wayfarers’ Ale Community Investment Ltd. has been set up to offer shares in a Community Economic Development Investment Fund (CEDIF) that will support the development of the brewery. Nova Scotians can invest cash or RRSP funds in the project, and will be eligible for a Nova Scotia Equity Tax Credit of between 35% and 65%, depending on the terms and length of the investment.