Income Tax Regulations

6701 For the purposes of paragraph 40(2)(i), clause 53(2)(k)(i)(C), the definition public corporation in subsection 89(1), the definition specified investment business in subsection 125(7), the definition approved share in subsection 127.4(1), subsections 131(8) and (11), section 186.1, the definition financial intermediary corporation in subsection 191(1), the definition eligible investment in subsection 204.8(1) and subsection 204.81(8.3) of the Act, prescribed labour-sponsored venture capital corporation means, at any particular time,

• (a) the corporation established by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.), Statutes of Quebec 1983, c. 58;

• (b) a corporation that is registered under the provisions of The Labour-sponsored Venture Capital Corporations Act, Statutes of Saskatchewan 1986, c. L-0.2;

• (c) a corporation that is registered under Part 2 of the Employee Investment Act, Revised Statutes of British Columbia, 1996, c. 112;

• (d) a registered labour-sponsored venture capital corporation;

• (e) [Repealed, SOR/2024-231, s. 17]

• (f) the corporation established by The Manitoba Employee Ownership Fund Corporation Act, Continuing Consolidation of the Statutes of Manitoba, c. E95;

• (f.1) a corporation that is registered under The Labour-Sponsored Venture Capital Corporations Act, Continuing Consolidation of the Statutes of Manitoba c. L12;

• (g) the corporation established by An Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi, Statutes of Québec 1995, c. 48;

• (h) a corporation that is registered under Part II of the Equity Tax Credit Act, Statutes of Nova Scotia 1993, c. 3; or

• (i) a corporation that is registered under Part II of the Risk Capital Investment Tax Credits Act, chapter 22 of the Statutes of the Northwest Territories, 1998.