Economy | UNIONS

Reinstate the tax credit for contributions made to labour-sponsored funds.

October 5, 2015 | Liberal Platform (Page 17)
Achieved

2016 Federal Budget

Tuesday March 22, 2016 | 2016 Federal Budget

Chapter 8 > Restoring The Labour-Sponsored Venture Capital Corporations Tax Credit

To facilitate access to venture capital for small and medium-sized businesses and support saving by the middle class, Budget 2016 proposes to restore the Labour-Sponsored Venture Capital Corporations (LSVCC) tax credit to 15 per cent for share purchases of provincially registered LSVCCs for 2016 and subsequent tax years. The measure will provide federal tax relief of about $815 million over the 2015–16 to 2020–21 period.