T5006 Summary

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https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/completing-slips-summaries/financial-slips-summaries/t5006-registered-labour-sponsored-venture-capital-corporation/t5006-information-return/t5006-summary.html

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T5006 Summary

A registered labour-sponsored venture capital corporation has to use this form, with T5006 slips, when individuals (other than trusts), or trusts governed by registered retirement savings plans or tax-free savings accounts, have acquired or irrevocably subscribed and paid for Class A shares of its capital stock.

You can sell Class A shares only to individuals (other than trusts), terminating corporations in respect of yourself, and trusts governed by registered retirement savings plans or tax free savings account. Subsection 204.81(1) of the Income Tax Act limits the redemption or transfer of these shares.

You have to put your registration number on this form and on all related T5006 slips.

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Date modified:
2017-01-31