Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why does the government give tax credits for investment into labour-sponsored funds?

April 26, 2017funds government Investment tax credits

0

Posted

Why does the government give tax credits for investment into labour-sponsored funds?

1 Answer

0

Posted

The funds are set up to encourage growth in small to mid-sized businesses. When these companies grow, it helps maintain and create employment and it stimulates the economy. For example, to date, SaskWorks has been responsible for the creation or maintenance of 1,200 jobs in Saskatchewan.