Since 2004, New Dawn has been administering an annual Community Economic Development Investment Fund or CEDIF. A CEDIF is a provincial equity tax credit program that, in addition to the dividends paid on investments, provides investors with a 35% non-refundable provincial income tax credit.

CEDIF investors invest their RRSP and non-RRSP savings in the places they live and work rather than in distant banks and funds that impact and grow existing centres of capital.  

For New Dawn, the CEDIF has become a powerful and increasingly popular vehicle that allows investors, organizations and businesses to take new steps toward the vision of a self-reliant people in a vibrant and sustainable community.

To date, over ten CEDIF campaigns, New Dawn has raised nearly $11 million for direct investment in Cape Breton and paid more than $1.2 million in dividends. 

For more information, please contact New Dawn at 902-539-9560 or [email protected].