The Labour Sponsored Investment Fund Tax Credit program provided a tax credit to investors for investments made in labour sponsored investment funds. The tax credit was only available for 2011 and prior years.
Investors could get additional tax credits for investing in a labour sponsored investment fund that qualified as a research-oriented investment fund.
Investments in labour sponsored investment funds could form part of your registered retirement savings plan.
If you haven’t filed your 2011 or older income tax return, you may be eligible for the tax credit.
The tax credit began to be phased out in 2009.