Tuesday, October 20, 2020
SiteWeb Maps
+ -

Thursday, May 5, 2016

Tax credit for labour-sponsored funds (CSN and FTQ)

Temporary maintenance of the increased rate of the Quebec tax credit for the acquisition of shares in Fondaction (CSN)

Initially, the rate of the tax credit was to be lowered to 15% starting June 1, 2016. However, the last Quebec budget provides for the rate of the tax credit to be maintained at 20% over the next few fiscal years.

Therefore, you do not have any modifications to make to your application in this respect for June 1.

Federal labour-sponsored funds tax credit

The LSVCC tax credit has been 5% since January 1, 2016, but the last federal budget re-establishes the tax credit at 15% for the 2016 and subsequent taxation years.

However, the Canada Revenue Agency still hasn’t outlined the terms and conditions of this measure. We will inform you as soon as we have this information.

Refer to the SMB Portal.