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Labor-Sponsored Venture Capital Corporations (LSVCC)

Source: Investopedia
This Article has been Edited for Accessibility

Labor-Sponsored Venture Capital Corporations (LSVCC)

What is 'Labor-Sponsored Venture Capital Corporations - LSVCC'

A type of Canadian corporation created by a labor union that deals exclusively with providing venture capital. Unlike other venture capital corporations, LSVCCs are subject to tight regulations. The investment funds from LSVCCs are called labor-sponsored investment funds (LSIFs).

Explaining 'Labor-Sponsored Venture Capital Corporations - LSVCC'

In Canada, LSVCCs, as a group, are the largest providers of venture capital. In fact, about 40% of venture capital is derived from LSVCCs. Canadian investors benefit from participating in LSIFs because not only are LSIFs eligible for RRSPs and other retirement plans, but they also yield both provincial and federal tax credits.


Additional Resources

  1. Why Venture Capital Is Essential To The Canadian Economy – 2009 [citeseerx.ist.psu.edu]
  2. Financing Entrepreneurs: Better Canadian Policy For Venture Capital ... [academia.edu]
  3. Key Criteria For Assessing Insolvency Laws [law.yale.edu]
  4. Comparative Venture Capital Governance. Private Versus Labour ... [ssrn.stanford.edu]
  5. Risk Capital In India Pdf [aparc.fsi.stanford.edu]
  6. Peoplesoft Payroll For North America 9.1 Peoplebook [hcm.colum.edu]