Line 58 – Labour-sponsored funds tax
credit
You can claim this credit for eligible investments you made in a labour-sponsored venture capital (LSVC) corporation in 2015 (that you did not claim a credit for on your 2014 return) or in the first 60 days of 2016.
If an RRSP for a spouse or common-law partner became the first registered holder of the share, either the RRSP contributor or the annuitant may claim this credit for that share.
For investments made in a LSVC corporation registered before July 1, 2006, your claim cannot be more than $750. If an investment is made in a LSVC corporation registered after June 30, 2006, your claim for the total investment made in all LSVC corporations cannot be more than $1,800.
Enter the credit shown on Slip T2C (MAN.), Labour-Sponsored Funds Tax Credit, on line 58 of Form MB428.
Supporting documents – If you are filing electronically, keep all your documents in case we ask to see them at a later date. If you are filing a paper return, attach your T2C (MAN.) slip.
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