Raise money together in Canada
Bring a group together around one goal, whether it is a gift, a team expense, a project or helping someone through a hard month. You create the page, you share one link, and everyone contributes by card without creating an account. The money reaches your Canadian bank account in 24 to 48 hours.
Create your campaign
What is Crowdfunding?
Crowdfunding is, simply put, a financing system that relies solely on the general public. Individuals or professionals come together, typically through a website, to raise money needed to finance a project.
Create your Crowdfunding Campaign with Tiing means:
-
Safe
Our world-renowned partner Stripe ensures all transactions made on our platform are secure and confidential.
-
Simple
The interface has been designed to simplify as much as possible the organization of a crowdfunding campaign.
-
Community
Tiing makes it easy to share your crowdfunding page with friends and family.
-
No hidden fees
Tiing is transparent about the commissions charged.
-
Fast
No need to create an account for participants !
-
Special events
Group gifts, fundraising, weddings, births, .... for all occasions.
How does online crowdfunding work?
Campaings bring together 3 participants:
The organizer
A person, a group of friends, colleagues, a company, an association, an organization, … who want to fund a project through a fundraiser.
The contributors
Those who are interested in the project and decide to contribute to it. Once again it can be an individual, a company or an organization.
The crowdfunding platform
On this website, the organizer will be able to start his crowdfunding campaign and define the variables (sum, duration of the campaign,…), it’s also where people will be able to contribute.
Crowdfunding is a form of donation
In this particular form of crowdfunding there is no financial compensation and is assimilated to a donation it is, therefore, not regulated by the AMF (financial markets authority). When creating a crowdfunding in Canada, you can opt for:
-
A donation with nothing in return
In this case a tax receipt is not mandatory.
-
A donation with a « reward » in return
In exchange for your participation, you receive a reward in the form of a gift.
-
A donation in the form of a pre-sale
You pre-purchase a product or service, which is a way to build cash flow to finance a project.
When should you consider using crowdfunding?
There are many opportunities, public or private. There are as many fundraisers as there are individuals, causes, associations or businesses.
-
Community
Mobilize and federate a community to support a cause that is dear to you.
-
Product
An opportunity to raise funds to help a small business launch.
ArtisticYou have to produce your short film or your EP.
-
Humanitarian
Finance your family and humanitarian world tour in a motorhome.
GiftMake the best gift for your parents’s wedding anniversary.
-
Personal
Gather your gang of girlfriends for your best friend’s baby shower.
And this list is far from being exhaustive! Crowdfunding in Canada can accompany any type of project and can even be a valuable marketing tool. As the African saying goes « If you want to go fast, go alone. If you want to go far, go together » : the success of a crowdfunding campaign relies on this principle. The idea of mobilizing the financial means of a maximum of individuals to achieve your goal.
How to create a crowdfunding campaign online in 5 steps?
As the organiser of a crowdfunding campaign here are a few important steps to follow to achieve your goals :
-
1
Define your fundraising objectives
What is the purpose and who will benefit from the money collected?
-
2
Identify your target
Create a group that could be interested in your project.
-
3
Create your fundraising campaign
Create your fundraising page on Tiing, set a target amount and a collection peridod.
-
4
Share
Promote your crowdfunding campaign to your friends, on social networks, in the press...
-
5
Thank
Thank each contributor in a personalized way!
What group fundraising is
Group fundraising means several people putting money toward one shared goal, through a single page instead of separate transfers. Each person gives what they want, the organiser sees the total in real time, and the funds are withdrawn once at the end.
It is not investment crowdfunding. Nobody buys a share, nobody expects a return, and no securities regulation applies. It is the digital version of passing an envelope around the office, done properly.
What Canadians use group fundraising for
- A group gift: retirement, wedding, new baby, a thank-you for a teacher or a coach.
- A shared cost: team equipment, a class trip, a parent committee, an office party.
- An unexpected hardship in someone’s circle: a funeral, a fire, medical travel costs.
- A personal project backed by people who know you: a course, a move, a piece of equipment.
How to start a group fundraiser in 5 steps
- Agree on the amount and the closing date before you create anything.
- Write one sentence explaining what the money is for.
- Create the page and add a photo. It is free and takes two minutes.
- Share the link by text and email first, where people actually reply.
- Send two spaced reminders, each with something new to report.
Frequently asked questions
Is this the same as crowdfunding?
Not quite. Investment crowdfunding, where backers buy equity in a company, is regulated by the Canadian Securities Administrators and is a different activity entirely. Tiing is for group collections between people who know each other: gifts, shared costs and personal projects.
What does it cost to raise money as a group?
$1 per contribution and 4 % deducted at withdrawal. Creating the page is free and there is no monthly fee.
Do contributors need an account?
No. They open the link, pay by card and can leave a message. No sign-up.
When do we receive the money?
24 to 48 hours after closing, transferred to a Canadian bank account in Canadian dollars.
What happens if we do not reach the goal?
You keep everything that was raised. There is no all-or-nothing rule on Tiing.
Can a team or a committee use this?
Yes. Sports teams, parent committees and workplace groups are among the most common uses. No legal status is required.