|
Labour Sponsored Investment Funds
In B.C. there are currently two
labour-sponsored investment funds (“LSIFs”) registered as employee venture
capital corporations under the Employee Investment Act. The objectives of
these LSIFs are to earn a competitive return for shareholders, through
long-term equity investments in small to medium sized businesses in B.C.’s
emerging markets. B.C. investors receive a combined federal and provincial
tax credit of up to 30 percent on their investment in a LSIF that can be
used to reduce income taxes payable. For more
information follow the links
below
|
