Lines 74 to 76 - Labour-sponsored venture capital tax credit
You can claim this credit only if you were a resident of Saskatchewan at the end of the year and you made an eligible investment in a labour-sponsored venture capital corporation that invests in small and medium-size businesses.
You can claim a credit for investments made in 2023 (that you did not claim a credit for on your 2022 return) or in the first 60 days of 2024.
If a registered retirement savings plan (RRSP) for a spouse or common-law partner became the first registered holder of the share, either the RRSP contributor or annuitant may claim this credit for that share.
If you invested in a Saskatchewan provincially-registered labour-sponsored venture capital corporation, enter the credit shown in box "Tax Credit (Provincial)" of Slip T2C (Sask.), Saskatchewan Tax Incentives (issued by the Saskatchewan Ministry of Trade and Export Development), to a maximum of $875, on line 74 of your Form SK428.
If you invested in a labour-sponsored venture capital corporation that is registered federally, enter the amount shown in box "Tax Credit (Provincial)" of Slip T2C (Sask.), Saskatchewan Tax Incentives (issued by the Saskatchewan Ministry of Trade and Export Development), to a maximum of $875, on line 75 of your Form SK428.
The maximum labour-sponsored venture capital tax credit you can claim on line 76 of Form SK428 is $875.
If you have questions about the tax credit Slip T2C (Sask.), contact the broker you purchased the labour-sponsored venture capital shares from.
Supporting documents
If you are filing a paper return, attach your Slip T2C (Sask.).
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