http://www.markevanstech.com/2005/08/29/labour-sponsored-vcs-lose-their-edge/ Insight and Analysis from North of the Border Fri, 05 Dec 2008 09:32:22 +0000 http://wordpress.org/?v=2.6.1 http://www.markevanstech.com/2005/08/29/labour-sponsored-vcs-lose-their-edge/#comment-534 blogger_brent Mon, 29 Aug 2005 23:54:24 +0000 http://markevanstech.com/?p=880#comment-534 This was actually hinted at in the 2004 Ontario budget, so it shouldn't ahve been a huge surprise. Also note that carrots were dropped in to assuage the "hurting" LSIFs (easier to merge smaller pools with larger ones etc.). Now what is REALLY interesting is if the feds decide that their 15% of the credit is worth doing anymore. After Crocus in Manitoba and the continuing train wreck of early stage investing in Quebec (worst "exit" performance of any province), will the feds kill it too? Probably not with a surplus and a minority government, but perhaps they give the BDC a bigger role in their plans and kill the tax credits... stranger things have happened (oh, and don't get me started on the BDC...) This was actually hinted at in the 2004 Ontario budget, so it shouldn't ahve been a huge surprise. Also note that carrots were dropped in to assuage the “hurting” LSIFs (easier to merge smaller pools with larger ones etc.). Now what is REALLY interesting is if the feds decide that their 15% of the credit is worth doing anymore. After Crocus in Manitoba and the continuing train wreck of early stage investing in Quebec (worst “exit” performance of any province), will the feds kill it too? Probably not with a surplus and a minority government, but perhaps they give the BDC a bigger role in their plans and kill the tax credits… stranger things have happened (oh, and don't get me started on the BDC…)

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