Ontarians to Financial Advisors: "We Want More"



    Omnibus poll shows Ontario RSP holders want tax incentives and growth
    potential

    TORONTO, Jan. 13 /CNW/ - A new poll conducted of Ontarians who currently
have money in Registered Savings Plans (RSPs) indicates that they are looking
for more from these funds in the midst of the global economic downturn.
Specifically, Ontarians want increased tax benefits and increased faith that
their investments will grow in order to part with their money this RSP season.
Other clear messages from the survey include:

    
    -   7 in 10 respondents said they will contribute the same or less to
        their RSPs than they did last year; Almost 3 in 10 won't contribute
        this year
    -   6 in 10 respondents said that additional tax incentives will drive
        their specific fund choice; Almost half of respondents will look to
        funds that performed well in 2008
    -   Approximately half of respondents were more inclined to invest in
        funds with high growth potential, such as those invested in companies
        focusing on bio-technology, environmental technology and energy
        management.
    

    One fund that fulfills all of these needs is VentureLink Fund's Brighter
Future Fund. The Brighter Future Fund, a Retail Venture Capital Fund (RVCF),
also known as a Labour Sponsored Investment Fund (LSIF), gives investors the
opportunity to take advantage of 30% tax credits and off set losses caused by
2008 market volatility simply by investing new money in the fund or by
transferring existing capital in RSP's into the fund. The VentureLink Brighter
Future Fund has experienced positive growth since the inception of the fund
and as of December 31st, 2008 was up more than 9.0% for the year. As a
comparison, the BMO Nesbitt Burns Cdn Small Cap Index was down over -46.6% for
the same period. This growth is spurred by the fund's focus on alternative
energy and information technology.
    "The VentureLink Brighter Future Fund has out performed in all of the
areas that Ontarians have said are important to them in this economy," said
John Varghese, Managing Partner of VentureLink. "The Brighter Future Fund
offers substantial tax benefits, a history of stable growth, and a portfolio
of investments in mature companies that are poised to continue adding
shareholder value."

    About Retail Venture Capital Funds (RVCFs)

    RVCFs, formerly known as Labour Sponsored Investment Funds (LSIFs), are
mutual funds as defined by securities legislation mandated to invest in small
and medium sized Canadian businesses. The purchase of these funds generates
federal and provincial tax credits. These funds are established under the
Federal income tax act and registered federally and may also be registered
provincially. RVCFs provide a 15% Federal tax credit on a purchase of up to
$5,000 per annum and a 15% Provincial tax credit (in the province of Ontario)
of up to $7,500 per annum. For a $7,500 purchases, this will generate an LSIF
credit of $1,875 and if making a new contribution to the RSP, an additional
RSP credit of 30%. A taxpayer making $75,000 who contributes $7,500 could have
total tax savings of $4,831 or a net cost of $2,669.

    About VentureLink

    A market share and performance leader in the space, with over $240
million under management, VentureLink Funds offers a diverse group of
labour-sponsored funds ("LSIF"). VentureLink Funds give investors access to
well-diversified portfolios of established companies operating in traditional
industries such as financial, manufacturing and service industries as well as
dynamic industries like alternative energy and information technology. For
more information, please visit: www.venturelinkfunds.com or contact your
financial advisor.





For further information:

For further information: Nick Cowling, (416) 934-8011,
Nick.cowling@cossette.com

Organization Profile

VENTURELINK FUNDS

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890