(January 17 – 18:20 ET) – Canadian Science and Technology Growth Fund Inc., a venture capital mutual fund, today announced that residents of Saskatchewan can receive 15% in non-refundable provincial tax credits with a $3,500 investment in CSTGF. This is in addition to a non-refundable federal tax credit of 15%.

CSTGF is one of the few nationally distributed venture capital mutual funds in Canada to qualify for the combined 30% tax credit.

“Now investors in Saskatchewan have the opportunity to profit from Canada’s best and brightest in technology,” said Peter Day, President of Technology Investments Management Corporation, manager of CSTGF. “Coupled with substantial tax credits, CSTGF offers investors exclusive access to early- stage technology companies in vast new markets with the potential for generating enormous growth and, consequently, superior investment returns.”

Effective Dec. 8, 2000, an investor in Saskatchewan can receive, in addition to RSP tax deductions, provincial and federal non-refundable tax credits up to $1,050 with a $3,500 investment in CSTGF.
-IE Staff