New Brunswick's Labour Sponsored Venture Capital Corporation (LSVCC) program has been enhanced. The provincial LSVCC tax credit has increased from 15% to 20% and the maximum annual qualifying investment amount has increased from CAD5,000 to CAD10,000, effective as of March 17, 2009. New Brunswick investors may now receive federal and provincial tax credits totalling CAD2,750 on a CAD10,000 investment.
"We believe these tax incentives will allow the GrowthWorks Atlantic Venture Fund to raise more capital for investment in promising New Brunswick businesses," said Tom Hayes, President and CEO of GrowthWorks Atlantic Venture Fund.
A comprehensive report in our Intelligence Report series examining tax-sheltering arrangements for investors, including Venture Capital, Forest Finance and Film Finance in a number of key jurisdictions, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report5.asp
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment