Is a VCC the same as a Labour Sponsored Fund?
Although they appear to be similar, they are not the same. Labour Sponsored Funds are governed by both the Provincial and Federal governments, with each level of government providing a 15% tax credit, to a maximum of $2,000 provincially and $750 federally per year. The Provincial government provides a 30% tax credit to investors in VCCs to a maximum of $60,000.
