Tax Credits for Investing in Ontario Businesses

The federal and provincial governments offer tax credits to investors who support small and medium-sized businesses in Ontario. Investors receive substantial tax credits for holding their investments in ROI Fund for an eight-year period.

The Ontario government has extended the phase-out of the LSIF tax credit by one year to 2011.  To further support the program, the investment limit has been increased from $5,000 to $7,500.