With the recent 2017-18 Budget announcement, programs and services affected will be updated shortly. Posted March 22, 2017

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Labour-sponsored Venture Capital Corporation Funds

Saskatchewan residents can invest in small and medium-sized Saskatchewan businesses by purchasing shares in funds called Labour-sponsored Venture Capital Corporations (LSVCC). These investments help Saskatchewan companies grow, and they also allow you to earn a tax credit. The tax credit is 35% (20% provincial and 15% federal) on the first $5,000 you invest each year. You must hold your money in the LSVCC for a minimum of eight years or you will be required to repay the tax credits. These investments are also Registered Retirement Savings Plan (RRSP) eligible.

Two investment options are available:

  • Pool Funds are open to any Saskatchewan resident who wants to invest in a broad base of Saskatchewan sectors and businesses. In turn, Saskatchewan businesses can apply to access this venture capital to assist with startup or expansion. Pool funds available for investment include the Golden Opportunities Fund Inc. and SaskWorks Venture Fund Inc.
  • Employee Investment Funds allow employees to invest in the company where they work and assist employers in establishing an employee ownership program. Employers and employees work together to establish a fund and make investments.

This information is intended to introduce you to the program and is not intended as a substitute for the Labour-sponsored Venture Capital Corporations Act or the Labour-sponsored Venture Capital Corporations Regulations.

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