New story from CBC published by Katie McGrath October 25, 2009
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Labour-sponsored funds: A tail that wags the dog
Labour-sponsored investment funds (LSIFs) are a classic example of how letting the tail wag the dog leads to investment losses. In return for tax credits worth $1,500 on a $5,000 purchase -- typically 15% federal and 15% provincial credits -- investors agree to lock in to these funds for at least eight years. More: http://tinyurl.com/yz32eg2
