Community Small Business Investment Fund Program FAQs
- I redeemed my Labour Sponsored Investment Fund (LSIF) shares and the fund withheld an amount equal to the tax credits that I received. However, I qualify for one of the exemptions from recapture of tax credits. What do I do now?
- How do I get a tax credit certificate for my investment in a LSIF?
- I did not receive or have misplaced my tax credit certificate (or the information on the certificate is incorrect). What do I do now?
- Where do I register a business?
- Can I obtain a grant or loan for my new or existing business through the Community Small Business Investment Fund (CSBIF) program?
I redeemed my LSIF shares and the fund withheld an amount equal to the tax credits that I received. However, I qualify for one of the exemptions from recapture of tax credits. What do I do now?
Contact the LSIF and supply the necessary information to show that you qualify for an exemption. The LSIF will remit to you the amount withheld once the fund is satisfied that you qualify for an exemption. You could also provide the required information to the Ministry of Revenue and request payment of the amount withheld.
How do I get a tax credit certificate for my investment in a Labour Sponsored Investment Fund?
LSIFs issue tax credit certificates. Call your LSIF directly for more information.
I did not receive or have misplaced my tax credit certificate (or the information on the certificate is incorrect). What do I do now?
Tax credit certificates are issued by LSIFs. You must contact your investment advisor or the fund directly to request a new certificate with the correct information.
Where do I register a business?
Ontario businesses are registered with the Ministry of Government Services. For more information, call 1 800 268-1142.
How do I get a tax credit certificate for my investment in a Labour Sponsored Investment Fund?
Tax credit certificates for LSIF investments are issued directly by the registered LSIF.
Can I obtain a grant or loan for my new or existing business through the Community Small Business Investment Fund (CSBIF) program?
The CSBIF program does not provide grants or loans to businesses. Investment decisions are made by registered Labour Sponsored Investment Funds (LSIFs) and Community Small Business Investment Funds (CSBIFs). You may contact the Canada-Ontario Business Service Centre at 1 800 567-2345 for information about small business financing.
