The companies we support obtain more than money – they profit from the combined experience and networks of our 150+ people. (8) If a labour sponsored investment fund company ensures a qualifying debt obligation issued by an eligible enterprise, the labour sponsored investment fund corporation shall be deemed to have made an eligible funding in the eligible enterprise having a cost equal to 25 per cent of the amount of the debt that was guaranteed by the labour sponsored investment fund corporation on the time the assure was given.
(3) Subject to section 31, the Minister may refuse to register an organization if, in the Minister’s opinion, the proposed funding or the actions of the company or the worker group don’t adjust to the spirit and intent of this Act and the rules.
These results may masks heterogeneity throughout firms of different sizes (Graph 6). For instance, whereas the submit-crisis weak spot in non-mining investment has been broad primarily based throughout large and small companies, our analysis utilizing BLADE knowledge exhibits that, for giant corporations, this can be mainly defined by weakness in demand.
3. The labour sponsored investment fund corporation made and continues to take care of a earlier funding within the taxable Canadian company or Canadian partnership that was, at the time the funding was made, an eligible funding below the provisions of this part apart from this subsection.
(1.1) A taxable Canadian company or Canadian partnership that isn’t an eligible enterprise under subsection (1) solely as a result of it’s not primarily engaged in eligible business actions shall be deemed to be an eligible enterprise for the needs of this Part if, inside an inexpensive number of days after the labour sponsored investment fund company makes an investment in the corporation or partnership, the company or partnership invests all or substantially all the quantity of the funding in a company or partnership that meets the definition of eligible enterprise” underneath subsection (1).