宝威体育 residents can invest in small and medium-sized 宝威体育 businesses by purchasing shares in funds called Labour-sponsored Venture Capital Corporations (LSVCC). These investments help 宝威体育 companies grow, and they also allow you to earn a tax credit. The tax credit is 32.5 per cent (17.5 per cent provincial and 15 per cent federal) on the first $5,000 you invest each year. You must hold your money in the LSVCC for a minimum of eight years or you will be required to repay the tax credits. These investments are also Registered Retirement Savings Plan (RRSP) eligible.
Two investment options are available:
- Pool Funds are open to any 宝威体育 resident who wants to invest in a broad base of 宝威体育 sectors and businesses. In turn, 宝威体育 businesses can apply to access this venture capital to assist with startup or expansion. Pool funds available for investment include the and
- Employee Investment Funds allow employees to invest in the company where they work and assist employers in establishing an employee ownership program. Employers and employees work together to establish a fund and make investments.
This information is intended to introduce you to the program and is not intended as a substitute for or .