The Directors Guild of Canada’s venture capital corporation, which operates as a mutual fund and supplies tax-shelter incentives, is official. Late last month, the dgc company filed its prospectus for DGC Entertainment Ventures Corporation with the Ontario Securities Commission.

The labor-sponsored company says it can offer tax savings of up to $4,620 on a $5,000 investment, with savings based on 20% federal and provincial tax credits combined with rrsp tax savings if the investment is contributed to an rrsp.

With a new board of directors and advisors including Robert Burton, David Cronenberg, Gwen Iveson, Norman Jewison, John Juliani, Jon Slan, Wayne Clarkson, Pierre DesRoches, Michael Donovan, Ivan Fecan, Don Haig, Alexandra Raffe and Douglas Leiterman, the dgc plans to initiate investment and free up cash for Canadian film and television production and technologies.

‘Quite apart from simply offering very worthwhile tax savings, our goal is to build a portfolio of investments that will result in significant capital appreciation to investors,’ says dgc president Allan King.