Fonds de solidarité FTQ, Fondaction CSN urge gov't rethink of credit phase-out
Canadian labour funds Fonds de solidarité des travailleurs du Québec FTQ and Fondaction CSN expressed disappointment on behalf of 735,000 investors about the federal Minister of Finance's continuing plans to eliminate the tax credit for labour-sponsored venture capital corporations by 2017. They asked Ottawa to reconsider, noting a proposed "closer partnership in which they would make a significant contribution to the success" of the Venture Capital Action Plan. It was reported that the government this summer received nearly 40 briefs by business associations and others attesting to the "valuable contribution" of the labour funds.
17 September 2013•3 mins read
