LSVCFLabour Sponsored Venture Capital Funds (Canada)
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Ontarians who invest in one of the more than 30 LSVCFs operating in the province as part of their RRSPs are entitled to tax credits of 15% from both the federal and Ontario governments, up to a maximum of $5,000.
Needless to say, LSVCFs have been extremely popular during the last several years.
Another possible solution would be to extend credits accorded to those who invest LSVCFs to taxpayers that invest in privately sponsored venture capital funds.