The Community WindFields

The Scotian WindFields is owned in part by a network of Community Economic Development Investment Fund (CEDIF) corporations situated throughout Nova Scotia working towards the shared vision of generating renewable energy in Nova Scotia.

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.

Today there are more than $20 million of investments made by Nova Scotians into CEDIFS, in such enterprises as a farm products storage facility, an arts centre, seniors housing and of course wind energy.