INVEST
Help us grow carsharing while earning a 45% tax credit!
WE’RE SOLD OUT!
THANKS FOR A GREAT YEAR!
When you invest in Winnipeg’s fastest-growing carshare co-operative, you ensure the future of carsharing while saving on your taxes! Peg City Car Co-op has been approved to sell $600,000 in investment shares. Our last share sale was in 2023, and we sold $600,000 in shares in just a few weeks.
ACCELERATE YOUR SAVINGS WITH A 45% TAX CREDIT
Thanks to the Province of Manitoba’s Community Enterprise Development Tax Credit Program, you’ll earn a 45% refundable tax credit when you purchase investment shares. Individuals and businesses can invest.
WE RETURN ON YOUR INVESTMENT
After a minimum three-year holding period, investments are bought back in four annual instalments. Peg City has already returned more than 25% of the 2 million shares we sold. Add to that, we’ve paid investors a dividend three years in a row.
If you buy shares before February 16th, you will receive a tax credit for the 2024 calendar year.
Don’t miss your opportunity to help a local co-op, reduce traffic congestion and pollution, and grow our carsharing network!
FLEXIBLE INVESTMENT!
You can invest as little as $100 (one share) or as much as $60,000, purchased in increments of $100.
Even if you have zero tax liability, you’ll still get a credit, whether investing $100 or $5000. Your investment may also earn dividends as high as 3%. We paid dividends of 1.5-3% three years in a row!
Learn more about refundable tax credits here.
And remember, if you invest before February 16th, you’ll receive your credit on your 2024 filing!
THE FUTURE LOOKS BRIGHT!
Investor support has helped Peg City grow from a three-vehicle carshare to a fleet more than 180 vehicles and a dozen neighbourhoods strong! Ask one of our 4,000 members—carsharing makes urban living better! Your investment will help us add to our fleet and expand into new neighbourhoods. Carsharing reduces congestion and air pollution and is an important part of improved urban infrastructure. Most of our members get around on foot, bicycle, or bus and only use a car when they need one.
WHEN CAN I EXPECT MY
RETURN ON INVESTMENT?
If you buy shares before February 16th, you will receive a 45% refundable tax credit on your 2024 tax return (a value of $450, based on a $1000 investment). In 2029, we’ll begin buying back one-quarter of the amount invested ($250 shown in beige) annually. Depending on the dividend the board of directors declares, we may return up to a 3% dividend on the remaining amount invested.
I’M INTERESTED IN INVESTING
You can either email a digitally signed copy to us or mail the printed form to:
Peg City Car Co-op
402-460 Main Street
Winnipeg, MB
R3B 1B6
Please note that photocopies or scanned documents will not be accepted.
If we’ve already accepted your subscription form via email, but still need to make payment, we accept the following forms:
- Credit card (up to $5000), please email for the link
- Interac e-transfer – send e-transfers to [email protected]
- Cheque – mail cheques to 402-460 Main Street, Winnipeg, Manitoba R3B1B6
