Solar Bonds are back on Sale!

RRSPs & TFSAs with Financial &
Environmental Benefits

Solar Bonds in Registered Accounts

Part of SolarShare’s mission is to offer accessible renewable energy investment opportunities to its members, many of whom wish to invest through registered accounts, such as Registered Retirement Savings Plans (RRSP) and Tax Free Savings Accounts (TFSA). Learn about the difference between these two types of registered plans here.

SolarShare has commissioned an independent legal opinion that Solar Bonds are qualified investments under Regulation 4900(1)(j) of the Income Tax Act. However, it is up to the discretion of each institution to hold Solar Bonds in a registered account on your behalf, and unfortunately members often find that their financial institution will not allow them to include Solar Bonds in their registered accounts. 

Therefore, as Option #1 below may not be feasible for some members, we have developed 2 alternative options for members to invest in Solar Bonds as part of a registered account.You can move funds already being held within in an RRSP or TFSA elsewhere to one of these institutions noted below to purchase Solar Bonds.  Please note that Questrade will no longer hold new Solar Bonds in registered accounts (Solar Bonds already held in these accounts are unaffected). 

Please note that while our office is closed to the public during the COVID-19 pandemic, transactions that rely on mailed investment applications or cheques and Solar Bond investments held in registered accounts may take longer to process than usual.

Thank you for your patience at this time and please contact us any time to discuss your options at [email protected] or (416) 977-7363.

Solar Bonds are on sale now! 

Option #1 RRSP/TFSA in a Self-Directed Account

Invest in a Self-Directed Registered Plan through your wealth manager, investment advisor, or discount brokerage firm. Get started by sending a link to the SolarShare Registered Investment Introduction Package to your representative. Please note it is up to your advisor and the institution's compliance department to approve a SolarShare investment and many of our members experience significant challenges in this regard. The institution will also set any fees or criteria for investing and you must confirm this information with them. Please see our Self-Direct Accounts Introduction Package here >> .

Option #2 RRSP/TFSA in an Account with the CWCF

Open an RRSP/TFSA account administered by the Canadian Worker Co-op Federation (CWCF). They will hold the bond on your behalf in an account with a trust agent. CWCF charges $55 per year to administer the account and you may only hold co-op securities in that account. Be sure to invest an amount that make sense for you based on the interest you will earn after paying the fees. Get started by viewing the CWCF application package for registered accounts here>>

Option #3 RRSP/TFSA/RRIF in an Account with Caldwell Securities Ltd.

Caldwell Securities Ltd. (CSL) is an Independent Investment Advisory Service that will work with you to manage your investments. Through Caldwell, you can open a registered account in which you can hold your Solar Bonds as well as other investment products. CSL will charge $65 per year to manage your Solar Bonds in an RRSP, TFSA, or RRIF. Get started by reviewing the process for opening an account with CSL here>>