What is an accredited investor?
An accredited investor is an individual, entity, or financial institution with a special financial status that enables them to invest in certain opportunities that are not legally available to ordinary investors.
An accredited investor qualifies under one of these options;
- (j.1) an individual who beneficially owns financial assets (which term excludes real estate) having an aggregate realizable value that, before taxes but net of any related liabilities, exceeds $5,000,000;
Or
- (j) an individual who, either alone or with a spouse, beneficially owns financial assets (which term excludes real estate) having an aggregate realizable value that, before taxes but net of any related liabilities, exceeds $1,000,000;
Or
- (k) an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,00 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year;
Or
- (l) an individual who, either alone or with a spouse, has net assets that exceed $5,000,000.
In Canada, the details of the official definition of an accredited investor and who qualifies as one can be found under section 1.1 of the National Instrument 45-106.
If you're an accredited investor and want to invest, email support@addyinvest.com