Form T2152 Part X.3 Tax Return for a Labour-Sponsored Venture Capital Corporation - Canada

Form T2152 Part X.3 is a tax return form for reporting contributions made to a Labour-Sponsored Venture Capital Corporation (LSVCC) in Canada. It is used by individuals who have made investments in LSVCCs to claim certain tax credits and deductions associated with these investments.

The form T2152 Part X.3 tax return for a Labour-Sponsored Venture Capital Corporation in Canada is filed by the corporation itself.

FAQ

Q: What is the purpose of Form T2152?
A: Form T2152 is used to file a tax return for a Labour-Sponsored Venture Capital Corporation (LSVCC) in Canada.

Q: What does Part X.3 refer to on Form T2152?
A: Part X.3 refers to a specific section on the form that deals with the tax return for a LSVCC.

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

Q: Who needs to file Form T2152?
A: Any Labour-Sponsored Venture Capital Corporation in Canada needs to file Form T2152 to fulfill their tax obligations.

Q: What information is required in Part X.3 of Form T2152?
A: Part X.3 of Form T2152 requires specific details about the LSVCC's income, expenses, and tax credits.

Q: Is Form T2152 specific to Canada only?
A: Yes, Form T2152 is a tax return form that is specific to Canada and is used by Labour-Sponsored Venture Capital Corporations in the country.