Becoming an Accredited Investor
To be an angel investor you must review the OSC Accredited Investor rule 45 pdf below and complete the investor declaration form and submit it to the Spark Angel Network on an annual basis.
Who qualifies as an accredited investor?
- An individual who, alone or together with a spouse, owns financial assets worth more than $1 million before taxes but net of related liabilities; or
- An individual, who alone or together with a spouse, has net assets of at least $5,000,000.
- An individual whose net income before taxes exceeded $200,000 in both of the last two years and who expects to maintain at least the same level of income this year; or
- An individual whose net income before taxes, combined with that of a spouse, exceeded $300,000 in both of the last two years and who expects to maintain at least the same level of income this year.
- An individual who currently is, or once was, a registered adviser or dealer, other than a limited market dealer.
- Financial institutions
- Governments and governmental agencies
- Insurance companies
- Pension funds
- Registered charities
- Companies with net assets of at least $5 million persons or companies recognized by the OSC as an accredited investor.
OSC Rule 45
Angel investors must be ‘accredited investors’ per the OSC’s definition under Rule 45-501. An ‘accredited investor’ declaration must be completed, scanned (or faxed if you prefer) and returned to me as part of the membership application process. The declaration can be found under the ‘Declaration’ tab. To receive a pdf version of rule 45, click OSC Rule 45 Accredited Investor Definition pdf.
Become a Spark Angel Accredited Investor