TORONTO — Canadian artists, film and television industry professionals are celebrating the recent approval to incorporate Ontario’s newest entity, the Creative Arts Savings and Credit Union.

Creative Arts is poised to begin operations after it raises $2.5 million in startup capital through investment shares, according to the Alliance of Canadian Cinema, Television and Radio Artists-Toronto, which represents more than 11,000 of Canada’s 21,000 professional performers. After raising capital, the credit union will be prepared to offer financial products and services tailored to working artists.

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