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Government commitment
Completed - fully metStrong Middle ClassCycle 2015· status updated Mar 22, 2019

Restore the tax credit for labour-sponsored funds.

Mandated to: Minister of Finance

What success looks like

Canadian companies have greater access to venture capital, with the support of labour unions.

Government's narrative on progress

To help Canadian companies grow, the government restored the Labour-Sponsored Venture Capital Corporations (LSVCC) Tax Credit to 15 per cent for share purchases of provincially-registered LSVCCs for 2016 and subsequent tax years.

Note: this is the government's own description, not an independent assessment.

Source: Privy Council Office Mandate Letter Tracker on open.canada.ca. Commitment ID: 2015-178