SaskWorks Venture Fund accepting 2015 tax credit-eligible investments

REGINA, March 5, 2015 /CNW/ - As of 3:00 p.m. CST on March 5, 2015, SaskWorks Venture Fund Inc. (the "Fund") has re-opened for subscription sales. Without exception, purchase transactions initiated after this time/date will be issued T2C tax credit receipts eligible for the 2015 tax year.

Under the Labour-Sponsored Venture Capital Corporation Act and the Income Tax Act (Canada), SaskWorks' annual fundraising is capped at forty million (CDN) ($40,000,000.00) annually. Consistent with these regulations, the Fund will continue to accept 2015 tax credit-eligible investments until the earlier of this limit being reached or February 29, 2016.

SaskWorks Venture Fund is a Saskatchewan-based labour-sponsored investment fund that invests in small- and medium-sized private businesses. Established in 2001, SaskWorks has over 27,900 current shareholders and has approved for investment over $354 million.

SOURCE SaskWorks Venture Fund Inc.

For further information: Randy Beattie, Chief Executive Officer; or, Rob Duguid, Vice President, Chief Financial Officer and Corporate Secretary, (306) 791-4833

Organization Profile

SaskWorks Venture Fund Inc.

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