• Supporting Your Co-op

    Supporting your Co-op is a proven way to grow your co-op and community.

    Membership share purchased through a self-directed  TFSA/RRSPs are managed by the Canadian Worker Co-operative Federation (CWCF); a fellow co-operative institution that is registered with the Canada Revenue Agency.

    Members can  purchase NCPC preference shares as part of their annual RRSP or TFSA  contribution. Shares can  also be  purchased with a transfer from another RRSP or TFSA.

    For questions concerning your account at CWCF account, contact:

    Josh Dyke, RRSP Program Manager
    #1 - 41 Aberdeen St., Kentville, NS B4N 2M9
    Tel: 902-678-1683
    Email: josh@canadianworker.coop  Website: www.canadianworker.coop
  • TFSA

    Preference Shares can be  held inside of a self directed RRSP  Plan  offered through the Canadian Workers Co-operative Federation (CWCF).  A $55 annual fee is charged to  us  by CWCF for every type of account you have such as RRSP,  RRSP-spousal, and TFSA.   The Co-operative pays the annual fee then deducts it from your dividend payment. Members may purchase shares within their annual RRSP Deduction Limit or  transfer funds in from another RRSP to purchase shares. Finally,  member may buy preference shares outside of an RRSP and then decide  to put them in their self-directed RRSP in a subsequent year. Members may also purchase shares within a RRSP spousal account. Members  are only taxed on the income earned when they choose to withdraw money from the RRSP tax shield.

    FAQ

    Rates are subject to change:            

    $500.00-$10,000.00          3.80%              

    $10,000.00-$25,000.00     3.95%             

    $25,000.00-$50,000.00    4.10%      

    $50,000 and over  (to be determined

    For the month of October and November, NCL is paying a 3% bonus on its posted rate for one year.

  • RRSP

    Preference Shares can be  held inside of a self directed  RRSP  Plan  offered through the Canadian Workers Co-operative Federation (CWCF). A $55 annual fee is charged to  us  by CWCF for every type of account you have such as RRSP, RRSP-spousal, and TFSA  The Co-operative pays the annual fee then deducts it from your dividend payment. Members may purchase shares within their annual RRSP Deduction Limit or transfer funds in from another RRSP to purchase shares. Finally, a  member may buy preference shares outside of an RRSP and then decide  to put them in their self-directed RRSP in a subsequent year. Members may also purchase shares within a RRSP spousal account. Investors are only taxed on the income earned when they choose to withdraw money from the RRSP  tax shield.

    FAQ

    For the month of October and November, NCL is paying a 3% bonus on its posted rate for one year.

    Rates are subject to change:            

    $500.00-$10,000.00          3.80%              

    $10,000.00-$25,000.00     3.95%             

    $25,000.00-$50,000.00    4.10%      

    $50,000 and over  (to be determined

  • Debentures/Shares
    • Preference Shares

      A membership in the Co-operative is required in order to purchase preference shares.  All Class A Preference Share holders receive the same dividend at the same time as all investors regardless of the series in which shares were issued. Dividends are issued at least once annually (typically in the fall) based upon the residual share value at the time.  All investors receive an investor statement when a dividend has been issued.   Statements are emailed or mailed depending on the investor's preference at the time of subscription. For unregistered shares, dividend payments will be deposited directly into the bank account on file or a cheque will be mailed to the address on file, again depending on your preference at the time of subscription.  In February, a T5 is issued for income tax purposes which are either emailed or mailed based on the information on file.

    • Demand Loan Account

      Money  in these accounts are treated as a loan that is repayable on demand. Interest rates are usually fairly attractive for the short-term.   Funds can be put in to these accounts at any time and withdrawn at any time and the maximum amount per individual is $150,000.  Interest is calculated monthly, taking into account daily all new loans and repayments that take place during the month.  Interest is credited to the balance of the Demand Member Loan account each month and a monthly statement is mailed out showing all the transactions that have taken place.  Participation is only available to members

    • Debenture

      These are long term accounts and are issued for three or five year terms.   Interest can be paid quarterly, semi-annually or paid annually  Annual interest is compounded..   Upon the initial purchase, a confirmation statement is mailed out and then after that there is a Statement  sent out annually.  Periodically your Co-operative may offer a Secured Debenture series and whenever these are available, details will be posted on this website.   At that time information will also be mailed out to current  members. Participation is only available to members.

  • Forms

    This package contains all the forms necessary to purchase Newcapeland Properties Co-op Ltd. Shares that are held within a RRSP/TFSA. Follow the step-by-step instructions and read through the FAQ on our website or at www.canadianworker.com   for information on how to complete these forms.   Call us at 1 (780) 263-0651, or Email John Wall directly at nclcoop@hotmail.com.          

     

    Who is the contact at CWCF or for questions concerning your account at CWCF                                  FORMS

    Josh Dyke, RRSP Program Manager
    #1 - 41 Aberdeen St., Kentville, NS B4N 2M9
    Tel: 902-678-1683
    Email: josh@canadianworker.coop  Website: www.canadianworker.coop

     

Participation