- Nova Scotia Canada - Government of Nova Scotia

Labour-Sponsored Venture-Capital Tax Credit

This tax credit is designed to assist small and medium-sized Nova Scotia businesses and co-operatives in obtaining equity financing by offering a personal income tax credit to individuals investing in registered labour-sponsored venture capital corporations (LSVCCs).

An LSVCC is:DetailsEligible InvestorsAvailable to residents of Nova Scotia who are over 19 year of age and who have valid reasons for making the investment, other than simply obtaining the tax credit.

Disclaimer: Approval to issue shares under the program does not constitute a provincial government endorsement of the corporation or co-operative issuing the shares. The Province does not guarantee any investment. Investors assume all risk for their investments.

Eligible Investments
Must be newly issued common voting shares of the corporation that are non-redeemable, non-convertible and are not restricted in profit sharing or participation upon dissolution

The shares cannot be eligible for any other tax credit or deduction allowed under the Income Tax Act, except as a deduction for RRSP purposes or a federal LSVCC tax credit.

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Elvira Dalag
Revenue Officer
Tel:  902.424.2808

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