Labour-sponsored venture capital tax credit

Finance and Treasury Board, Government of Nova Scotia • Applies only to: Nova Scotia

Attract investors to your labour-sponsored venture capital corporation by offering them a personal income tax credit of up to $2,000.

Your corporation must:

  • Be sponsored by a trade union to maintain and create jobs
  • Raise venture capital by issuing shares to the public
  • Invest capital raised in eligible businesses through equity financing

Eligible investments must be:

  • Newly issued common voting shares
  • Non-convertible
  • Non-restricted upon dissolution

Other conditions apply.

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