Fair Trade Investment Fund

Investment Fund for 2013 is now open until March 1st 2013

Contact Sylvia Difford 542-7474 or sylvia@justuscoffee.com to see the offfering document

Associated forms are below.

 

Investing in local community assets and global trade ethics

Nova Scotia has a great program to raise capital for small busineses called the Equity Tax Program.  Investors receive a provinicial tax credit of 35% and investments are also eligible for RRSPs.  Existing RRSPs can be transferred into businesses under this program and that is how we raised much of our initial capital, with friends and family investing too.

Soon our investors, who were by law required to be voting members of the co-op, began to outnumber our workers.  Hence the development of a sister co-op for investors that was called the Just Us! Fair Trade Investors Co-operative.  This is what they look like today:

 

JUCR

JUFTIC

Purpose or Objectives

To be a viable business that promotes fair trade commerce

To secure capital to invest in common shares of JUCR and to provide a return to the members on their investments

Members

Worker owners

Investment owners (until 2006 only)

Community investors

Worker/owner investors

Shares

$500.00 (minimum of four)

$1000.00 (no minimum)

Directors of the Board

* elected by members

* currently 2/3 worker owners and 1/3 investment owners (investment owners until 2006 only)

* policy, not management, board

* no less than 6, no more than 9

* elected by members

* no less than 6, no more than 9

* policy

A Tale of Two Co-operatives

There were many people who believed in what Just Us! was doing and wanted to help us grow the Fair Trade Market. So we decided to set up a separate co-op for “investor owners”, now known as the Just Us! Fair Trade Investment Co-op [JUFTIC]. This was done in 2002 under the provincial Community Economic Development Investment Fund Program. It allowed the Equity Tax Credit program to be used by independent Investment Funds, which could also promote the investments publicly.

So now there are two co-operatives, JUCR and JUFTIC, each with its own Board of Directors elected by and from among their members. To facilitate co-operation and communication between the two Boards, two of the JUFTIC directors also sit on the JUCR Board. The two co-operatives are intended to work closely together to promote Just Us! as a Nova Scotia business, and Fair Trade as a model for doing business.

Without Nova Scotia's Community Economic Development Investment Fund, Just Us Coffee wouldn't be the success story it is today. Read more.

 

 

AttachmentSize
01 - 081222 CWCF _RSP App_Bilingual.pdf140.05 KB
02 - 120707 CWCF RSP Declaration of Trust Bilingual.pdf65.1 KB
05 - 120707 Payment Authorization Form.pdf21.03 KB
06 - 120707 Deposit Form.pdf43.66 KB
07 - 120105 CWCF RRSP DirectTransfer-In.pdf86.61 KB
09 - 120707 Small Bus Declaration.pdf47.32 KB