To encourage Canadian retail investors to invest in LSVCCs, the federal government and some provincial governments offer tax credits. The Canadian Federal budget tabled on March 22, 2016 restored the federal LSVCC credit to 15% for purchases of provincially (not federally) registered LSVCCs for the 2016 and later taxation years. Prior to 2015, the federal government had offered investors in LSVCCs a 15% tax credit on a maximum investment amount of $5,000 per year – worth up to $750. That credit was reduced to 10% for 2015, 5% for 2016, and was to be eliminated for 2017 and later years.