Ontario residents may qualify for an Ontario tax credit of up to 15 per cent of the cost of their investments in a Labour Sponsored Investment Fund (LSIF).
LSIFs provide capital to small and medium-sized Ontario businesses. LSIFs offer investment opportunities and tax credits to individual investors who purchase Class A shares of an LSIF.
The tax credits for investors will be phased out by the end of 2011, as follows:
For more information, please read:
The LSIF program provides benefits such as a tax credit for investors and potential returns on LSIF investments.
Investors may qualify for additional tax credits if they invest in an LSIF that qualifies as a Research Oriented Investment Fund.
Specific criteria must be met by the:
Please refer to the Labour Sponsored Investment Fund Guide for further information on eligibility requirements.