Articles

Many Canadian real estate sponsors outgrow traditional holding companies as they seek outside investment. Converting to a private investment fund requires coordinated planning across corporate, securities, and tax law, together with governance and compliance. A properly structured fund can facilitate capital raising, support long-term growth, and meet investor and regulatory expectations.

An exempt market dealer in Canada acts as the registered intermediary for private capital raises under prospectus exemptions. This article explains what EMDs do in practice, when issuers must engage one, how NI 31-103 and NI 45-106 apply, and how using an EMD can reduce registration, eligibility, and compliance risk.