FAQs
Contribution & Withdrawal Logistics
You can start with as low as $100 and contribute any amount on a monthly basis, or anytime you wish to increase your payout.
Contributions can be sent via E-transfer, Interac Request, Cheque, or Wire Transfer.
Absolutely! One of our experts will be more than happy to walk you through the process and answer any questions that you may have.
Funds are locked-in for the agreed contract period. Requests to withdraw funds can be submitted and granted to Veritable Venture’s discretion, subject to fees.
The minimum commitment period is 6 months. There is no maximum period; the contract can be renewed automatically at the end of the term.
Veritable Venture will contact you three months before the contract’s end date to ask whether you wish to renew the term or get back your contributions.
Interest & Returns
Interest payments from Veritable Venture will be sent via Interac E-transfer.
Interests are paid on the first of the month. You can choose to be paid monthly, quarterly, semi-annually or annually.
The value of your accumulated interest as well as the payout amounts and dates, and other valuable information can be found in your account under the Member Area section on our website.
You can elect to either receive your interest earned or add it to the amount contributed to compound your returns.
The applicable interest rate is 8.00% annually starting from the date of funds receipt. This rate is currently applicable to any amount contributed.
Yes, returns received from Veritable Venture are taxable. While the company will not issue a tax slip, the lender is responsible to declare the interest earned. Please consult with a tax professional to clearly understand the tax implications applicable to your situation.
Risk & Security
Absolutely, your funds are safe and secure. Our shareholders are personally invested in the company, which reflects their deep commitment to its stability and success. Additionally, your money is backed by highly liquid and high-quality assets, ensuring that we maintain strong financial footing and are well-positioned to meet any obligations. Your trust and the protection of your capital are our top priorities.
No, there is no market or interest incentive or risk to the lender that will affect their prinicpal amount contributed. The lender will receive their applicable interest earned and get back their contributed amount in full at the end of the contract.
Still need help?
Reach out to us and we will be glad to answer all your questions or clarify anything we didn’t mention in our FAQs.
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