Business Administration - Financial Planning RFC225 Chapter Notes - Chapter 18.3: Mutual Fund Fees And Expenses, Tax Bracket
22 Mar 2017
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Document Summary
3 csc chapter 18 mutual funds: structure and. Labour-sponsored venture capital corporations (lsvccs: sponsored by labour organizations, specific mandate to invest in small- to medium-sized businesses, offer investors a tax credit (usually provincially based, advantages of lsvccs are, 1. Provide investors with potential long-term capital appreciation: enable investors to invest in specific industry sectors, 2. Provide investors with tax credits: provincial tax credits vary (may be as high as 15%, no maximum amount an investor may invest in lsvcc, federal tax credits apply up to a maximum investment of. ,000: provincial tax credits are subject to maximum amounts, some provinces impose lifetime limits. 2: maximum allowable credit for federal lsvccs is 15, unused portion is non refundable and may not be carried forward/backward to apply to other years, 3. Can deduce ,000 from her taxable income, which results in tax savings of ,000 (40% of ,000). Thus her net investment is ,000 - - - ,000 = ,500.
