Labor-Sponsored Venture Capital Corporations - LSVCC

AAA

DEFINITION of 'Labor-Sponsored Venture Capital Corporations - LSVCC'

A type of Canadian corporation created by a labor union that deals exclusively with providing venture capital. Unlike other venture capital corporations, LSVCCs are subject to tight regulations. The investment funds from LSVCCs are called labor-sponsored investment funds (LSIFs).

INVESTOPEDIA EXPLAINS 'Labor-Sponsored Venture Capital Corporations - LSVCC'

In Canada, LSVCCs, as a group, are the largest providers of venture capital. In fact, about 40% of venture capital is derived from LSVCCs. Canadian investors benefit from participating in LSIFs because not only are LSIFs eligible for RRSPs and other retirement plans, but they also yield both provincial and federal tax credits.

RELATED TERMS
  1. Angel Investor

    An investor who provides financial backing for small startups ...
  2. Venture Capital Funds

    An investment fund that manages money from investors seeking ...
  3. Venture Capital

    Money provided by investors to startup firms and small businesses ...
  4. Venture Capitalist

    An investor who either provides capital to startup ventures or ...
  5. Tax Credit

    An amount of money that a taxpayer is able to subtract from the ...
  6. Registered Retirement Savings Plan ...

    A legal trust registered with the Canada Revenue Agency and used ...
Related Articles
  1. IPO Basics Tutorial
    Retirement

    IPO Basics Tutorial

  2. Registered Retirement Savings Plans ...
    Taxes

    Registered Retirement Savings Plans ...

  3. Entrepreneur Vs. Small Business Owner, ...
    Investing Basics

    Entrepreneur Vs. Small Business Owner, ...

  4. Six Steps To A Better Business Budget
    Entrepreneurship

    Six Steps To A Better Business Budget

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center