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.
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