Harmony Renewable Power provides investors with a vehicle to significantly reduce personal income tax payments. The work of the Limited Partnership is to develop plans and obtain permuting for renewable off-grid power plants in remote areas of Canada. The Canadian tax credits are provided under the CRCE (Canadian Renewable and Conservation Expense) program which is run by the Department of Natural Resources Canada. The Partnership works with its partner Mitigoka Inc. who carries out the operational work to see the projects reach 'Notice to Proceed'. At such time the LP investors are bought out by the entities who seek to build and own the plants for the long term. Harmony is currently closing financing for the second LP with two more to follow. Investors in the Harmony Power Fund 2 have a right of first refusal to participate in future LPs as they become available.
Tax credits for investors to be applied to their 2021 tax returns
Investor exit is forecast for Q2 2022
Right of First Refusal to participate in future Limited Partnerships
Available for individuals and corporations with Canadian based income
Summary
Harmony Summary Dec 2021
Presentation
MDC_CRCE Raise_Investor Deck .Jan.2021.Neskantaga
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