Ontario Securities Act
Part XXI Insider Trading and Self-Dealing
Section 110(1) "investment" defined

investment

For the purposes of sections 111, 112, 113, 114 and 115, “investment” means a purchase of any security of any class of securities of an issuer including bonds, debentures, notes, or other evidences of indebtedness thereof, and a loan to persons or companies but does not include an advance or loan, whether secured or unsecured, that is made by an investment fund, its management company or its distribution company that is merely ancillary to the main business of the investment fund, its management company or its distribution company.