Productivity takes off with employee investment program

Saskatchewan program gives significant tax credits to employees who invest in their employers through labour-sponsored fund
By Caitlin Gaudet
|Western Report|Last Updated: 03/22/2010

Employees at West Wind Aviation view Saskatchewan’s employee investment program as an opportunity to share in the growth of the company. Offered by the company since 1994, the program allows employees to set up an investment company called a Labour-Sponsored Venture Capital Corporation(LSVCC) fund.

Created and managed by employees, the fund buys shares in the company and then sells them to individual workers.

“We were looking for a way for employees to be involved — more than just getting a paycheque,” said Chris Tabler, vice-president of West Wind Aviation, an aviation company that operates out of Saskatoon and Regina.