Labor-Sponsored Venture Capital Corporations - LSVCC


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).

BREAKING DOWN '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.

  1. Venture Capitalist

    An investor who either provides capital to startup ventures or ...
  2. Venture Capital

    Money provided by investors to startup firms and small businesses ...
  3. Angel Investor

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

    An investment fund that manages money from investors seeking ...
  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 ...
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