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Stock Savings Plan

   Also found in: Acronyms 0.01 sec.
Stock Savings Plan
A tax credit available in some Canadian provinces to investors who buy shares in companies based in their own province. The credit is available only on one's provincial taxes, not on federal taxes.


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These include accelerated depreciation for resource and manufacturing investments both at the federal and provincial level, labour-sponsored venture capital credits, provincial stock savings plans and the lifetime capital gains exemption for private company shares, farm and fishing property.
In fact, in the 1980s, the left-wing Parti Quebecois brought in Canada's first provincial policies to help small exploration companies get started and funded, including the Quebec Stock Savings Plan (QSSP) to help encourage investors to participate in newly listed companies, and a financial top-up to the federal flow-through share program.
Besides, the employees are new owners of the corporation through 401(k)s and other stock savings plans that are not recognized in the corporate process.
 
 
 
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