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Are ZooShare bonds RRSP or TFSA eligible?

Unfortunately ZooShare bonds are not RRSP/TFSA eligible and there are no plans to offer this going forward.

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Where are my T5s?

T5s are emailed (or mailed) out each February.  Please check both your email inbox or your postal mailbox (in the event that you have requested to receive your T5 by mail or we do not have an email address on file).  Please look for an message from our general inquiries email address info@zooshare.ca. Unfortunately a few investors have reported the email was in their spam/junk folder so please add the aforementioned address to your contacts to avoid this. The attached PDF document is password-protected and encrypted for your safety. You will have to enter your 9-digit Social Insurance Number (SIN) or Business Number (BN) as the password before you can view it. The password should be in the following format XXXXXXXXX (without spaces).  If you can’t find your current or past electronic T5s, or if you have misplaced your T5, you can also access them via your CRA My Account page. If you require further assistance please contact Gareth our Community Investment Coordinator, at gareth@zooshare.ca

How and when will I be paid?

Most investors will be paid their interest and principal (upon maturity) via direct deposit, unless they have requested to receive a cheque. Please note there is a $10 fee for issuing a cheque to offset the administration cost, postage and banking fees. It may also take longer to receive a cheque instead of direct deposit.

If you have changed your banking information please securely update your information using this form.

Maturing Bonds: If your bond is maturing you will normally be contacted approximately one month prior to it’s maturity date. If you would like to redeem the principal, you will be paid within 10 business days after the month that your bond matures (for example, if your bond matures at any time in July, you will be paid by August 13th).  If you have any concerns or issues with these timelines, please contact us immediately.  Please note that all accrued interest earned between January 1st and the date of your bond’s maturity will automatically be paid out.

Accrued Interest Payment: Investors who purchased a bond prior to December 2020 would have received their first accrued interest payment in January or early February 2021. This includes all interest accrued from the time of their bond’s purchase up until Dec/31/2020.  Please check your bank statements during this period for payment(s) from “ZooShare Biogas Coop INV”.    If you are still waiting for an interest payment, it is because: a) we do not have your banking information on file, or b) we encountered an error processing your payment and have been unable to get in touch with you.

Please contact Gareth at gareth@zooshare.ca or call 647-704-6078 for additional details specific to your investment.

How do I update my banking information?

You can securely update your banking information by clicking hereYou will need to upload a scan or photo of a void cheque (or, if you do not have a cheque book, you can download a Direct Deposit Form from your online bank instead and upload that).  If you need technical assistance, please email Gareth at gareth@zooshare.ca or call 647-704-6078 between the hours of 10am-6pm.

Do I have to pay taxes on my ZooShare bond(s)?

Yes: you must pay tax every year on the interest income accrued, regardless of when it is received (in the event of a delayed distribution). Interest income is reported to you on a T5 slip, “Statement of Investment Income” each February and should be included on your annual tax filing. A copy is also sent directly to the CRA and can be accessed via the CRA MyAccount site.  If you are the primary owner of the bond (the first or only name listed on the bond) you will need to pay all taxes owing on the earnings each year. If the bond is owned jointly both names will be included on the tax slip, please refer to the CRA rules on joint income before filing your return or consult a tax professional. If you purchased a bond as a gift on behalf of a related minor (including children, nieces/nephews and grandchildren) according to CRA rules the income is attributable to you and the tax slip will be issued in your name / SIN. If the child turns 18 before the bond matures please contact Gareth (gareth@zooshare.ca) to have the bond transferred into their name as the primary bondholder after which time the income will be paid & attributable to them. If you have any questions about your tax filing please contact a tax professional as we are not able to offer tax advice.

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Why is the interest from my 5% (Series 3) bond lower than I expected?

Series 3 bonds were originally designed to earn a nominal amount of interest, 0.5%, in escrow, until we finished construction (at which point they would start earning 5%). The bonds earned 0.5% in escrow until July 18, 2018, when we reached Commercial Operation Date (COD), according to the Feed-In-Tariff contract terms. After July 18th, 2018, Series 3 bonds started earning 5%. You can review and confirm the details in the Series 3 Offering Statement, Trust Agreement and Escrow Agreement.

Where can I review ZooShare’s Prospectus/Offering Statement?

ZooShare’s most recent offering statement is sold out and we are not currently offering bonds for sale. We are in the process of developing a new offering statement and resuming bond sales in Fall 2022. You can click here to join the wait list to be the first to be notified of new bond sales.

You can review our most recent (2021) offering statement here.

 

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