CVCA Concerned About Fed Proposal To Axe LSVCC Credits
Canada’s Venture Capital and Private Equity Association (CVCA) expressed concern about the federal budget proposal to end labour-sponsored venture capital corporation (LSVCC) tax credits by 2017. CVCA president Peter van der Velden said the measure "poses a severe risk of constricting the supply of venture capital in Canada." Retail funds, dominated by LSVCCs, have invested over C$560 million in venture capital in Canadian companies since 2010, reports Thomson Reuters (publisher of peHUB Canada).
28 March 2013•3 mins read
