Line 57 - Labour-sponsored funds tax
credit
You can claim this credit for eligible investments you made in a labour-sponsored venture capital (LSVC) corporation in 2018 (that you did not claim a credit for on your 2017 return) or in the first 60 days of 2019.
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 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 57 of Form MB428.
Supporting documents
If you are filing electronically, keep all your documents in case we ask to see them later.
If you are filing a paper return, attach your T2C (MAN.) slip.
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