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Month: June 2017

SolShare investments now qualify for RRSPs and TFSAs

  • By Rob Baxter
  • June 27, 2017February 25, 2020
  • 1 Comment on SolShare investments now qualify for RRSPs and TFSAs
  • Alternative Investments Blog Menu Renewable Energy Solar Energy Solar Power

Now you can get a tax advantage for supporting local renewable energy projects! Future investors in SolShare’s community solar projects will have the option of putting the investment in a self-directed RRSP or TFSA.

SolShare is BC’s first cooperatively-owned community solar project. Our first plant has been producing power for over a year. During the first year we paid out $1.63 per share (shares are bought at $50 each).

Our second plant is scheduled to begin construction in August. Over the next two months we will be doing another round of investments. The minimum investment for this round is $1,000.

We work with a trust company that charges a $55 annual fee to administer the RRSP/TFSA. This may not be a good option for investors who will be buying at the minimal amount. But if you are looking at making a larger contribution it is something to consider.

If you are a client of Western Pacific Trust Company you may be able to add the SolShare Energy shares to your self-directed RRSP / TFSA  without any additional fees.  If you have a self-directed account with another broker or wealth manager you may want to see if they will allow you to add privately held shares from SolShare.  We can provide the legal documentation to support SolShare’s eligibility.

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Recent Posts

  • Customer Engagement with Solar PPAs
  • January 2022 Dividend
  • Solar PPAs on Government Buildings
  • SolShare Pays Investor Dividends for 7th Year
  • Our Response to Michael Moore’s Film “Planet of the Humans”
  • Indigenous Owned Utilities in BC
  • SolShare Pays 4% Dividend
  • Workers are Owners
  • SolShare Pays $2.08 Dividend

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SolShare Energy is BC’s first community-owned solar energy investment program. SolShare’s mission is to enable investors to share in ownership of a diverse portfolio of renewable energy installations throughout BC that offer financial, social, and environmental returns. Solshare Energy is a project of Vancouver Renewable Energy Co-operative(VREC).

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  • Unit A - 1245 Glen Drive Vancouver B.C. Canada V6A 3M8
  • +1 778 869 8333
  • main@solshare.ca

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