Canadian taxpayers have reaped impressive returns from federal and provincial government policies to encourage investment in labour-sponsored investment funds, according to a comprehensive new study of the sector.
Welcome! The Canadian Retail Venture Capital Association is a volunteer-based body representing all Retail venture capital funds in Ontario. Its member funds have more than 437,000 shareholders and manage $2.9 billion in assets in more than 600 Canadian companies. Association members work together to promote the growth of our economy by providing a stable, long-term pool of venture capital for innovative business across Canada.
"Roughly a decade ago, governments started using the tax system to encourage Canadians to invest in small and medium-sized businesses – and it's now clear this investment has paid off" said Don Allen, one of Canada's most experienced econometric researchers and the author of the LSIF Economic and Fiscal Impact Study. "Thanks to Retail venture capital funds, our economy is larger, its unemployment rate is lower, innovative companies have greater access to capital, and more people are saving and investing for their retirement."
