Form T2152A Part X.3 Tax Return and Request for a Refund for a Labour-Sponsored Venture Capital Corporation - Canada

Form T2152A Part X.3 is used in Canada for a tax return and request for a refund for a Labour-Sponsored Venture Capital Corporation (LSVCC). This form allows individuals to claim tax credits on their investment in an LSVCC and request a refund if applicable.

FAQ

Q: What is Form T2152A?A: Form T2152A is a tax return and request for a refund for a Labour-Sponsored Venture Capital Corporation (LSVCC) in Canada.

Q: What is a Labour-Sponsored Venture Capital Corporation (LSVCC)?A: A Labour-Sponsored Venture Capital Corporation (LSVCC) is a corporation that raises capital from individual investors and invests in small and medium-sized businesses.

Q: Who should use Form T2152A?A: Form T2152A should be used by individuals who have invested in a Labour-Sponsored Venture Capital Corporation (LSVCC) in Canada and want to request a refund on their investment.

Q: What information is required in Part X.3 of Form T2152A?A: Part X.3 of Form T2152A requires the LSVCC's name, tax identifier, and the refund amount requested.

Q: When is the deadline to submit Form T2152A?A: The deadline to submit Form T2152A is generally within 12 months after the end of the tax year in which the LSVCC investment was made.

Q: How long does it take to process a refund request on Form T2152A?A: The processing time for a refund request on Form T2152A can vary, but it generally takes several weeks to several months.