Invest in Less and Get More in Return!
UPDATE: As of February 1, 2019, we have been approved to sell an additional $100,000 in investment shares! If you invest before February 28, 2019, you will be able to claim your 45% refundable tax credit on your 2018 taxes.
*** We’ve almost sold out! If you are looking to invest, please contact us at [email protected] ***
Peg City Car Co-op is excited to be offering an investment opportunity! We’ve been approved to sell $100,000 above our initial $200,000 offering, bringing us to a total of $300,000. An investment in Peg City Car Co-op means less congestion, less pollution, and brings car sharing to more people.
Accelerate the Savings with a 45% Tax Credit
Earn a 45% refundable tax credit when you purchase investment shares, thanks to the Province of Manitoba’s Community Enterprise Development Tax Credit Program.
You can choose to invest as little as $100 (one share) and as much as $30,000 (300 shares), purchasing in increments of $100.
Even if you have zero tax liability, you’ll still get a credit, whether you’re investing $100 or $5000. Plus, your investment can potentially earn dividends up to 3%.
The Future Looks Bright!
When Peg City first launched, we had 100 users and 4 cars. Today, we have 33 vehicles and over 1000 users! We’ve also diversified our fleet to include family vans, a truck and a cargo van. By 2021, we plan on expanding to 50 vehicles and 2000 users. Your investment will help get us there!
Today, we have 30 vehicles and over 1000 users!
511 River Avenue
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Jessie and Cockburn
Ibex Business Centre
Main and Bannatyne
Lily and James
Maryland and Westminster
University of St.Boniface
Lord Roberts CC
Corydon and Lilac
Hargrave and Ellice
Fools and Horses
Fort Rouge Leisure Centre
University of Winnipeg
Old Grace Housing Co-op
166 Osborne Street
Old Grace Housing Co-op
Ellice and Notre Dame
McMillan and Hugo
520 Ellice Street
277 River Avenue
180 Roslyn Road
267 Sherbrook Avenue (x2!)
When can I expect my return on investment?
You will receive a 45% refundable tax credit when claimed on your income tax (value of $450). Your investment capital is then held for three years, according to law. In the forth year, we start buying back one-quarter of the amount invested ($250 shown in yellow) on an annual basis. Depending on the dividend declared by the Board, we may return up to a 3% dividend on the remaining amount invested.
I’m interested in investing, what are my next steps?
1) Review our Offering Statement to ensure you are fully informed of our business plan and any potential risks that may be involved in investing.
Peg City Car Co-op
400-460 Main Street
Winnipeg, MB R3B 1B6
Please note that photocopied or scanned documents will not be accepted.
3) Now it’s time to buy your shares! We’ve almost sold out!! If you are interested in purchasing shares, please contact us at [email protected]