Prisha invests $5,000 in a Labour Sponsored Venture Capital Corporation. She lives in a province...
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Prisha invests $5,000 in a Labour Sponsored Venture Capital Corporation. She lives in a province with a 17.5% tax credit. After 6 years, she decides to sell her units as she is not pleased with the performance. What is the value of her tax rebate at the time of purchase, and how much does she have to return to the government upon the sale?
$875 and she must return $875.00
$875.00 and she must return $218.75
$1,625.00 and she must return $406.25
$1,625.00 and she must return $1,625.00
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