Fonds de solidarité FTQ's Yvon Bolduc makes $2 bln VC offer to federal MPs
Yvon Bolduc, president and CEO of the Fonds de solidarité des travailleurs du Québec FTQ, this week presented a $2 billion proposal to the House of Commons Standing Committee on Finance intended to retain the federal tax credit for labour-sponsored venture capital funds, which is scheduled for phase-out by 2017. The proposal would see Québec labour funds commit $950 million to private Québec-based and Canadian venture capital funds, and make $1.05 billion in direct investments in innovative companies. The proposal would also decrease the federal cost of the tax credit program by a third, or approximately $300 million over 10 years.
27 November 2013•3 mins read
