It is possible using funds in your self-directed
RRSP. Only the company's shares are eligible (and other debt
obligations are not). It is not possible if you are the owner
operator of the business.
Conditions
The Company is:
a Canadian company controlled by Canadian
residents. 90% of assets directly or indirectly held by the
private company is in Canada.
or
It is a venture capital firm regulated.
or
It is a cooperative. The acquisition of
shares is not a condition of membership.
If it is your own company:
You can't have or can't acquire, with options, 10% or more of the
capital stock. In this calculation, you must include the shares held
by persons dealing at arm's length with you. Such as your spouse, a
parent. For an investment of less than $ 25,000, this requirement
does not apply.