Venture Capital Programs
Venture Capital Programs encourage investors to make equity capital investments in British Columbia small businesses that will enhance and diversify the provincial economy.
The government recognizes that creating new small businesses and expanding existing ones will contribute to a healthy economy. These programs give small business continuous access to early stage venture capital to help them develop and expand.
B.C. investors receive a 30% tax credit on their investment in a Venture Capital Corporation or an Eligible Business Corporation.
2016 Tax Budget Year
2016 tax budget year will end on March 1, 2017.
VCCs and EBCs planning to raise tax credit supported investment require a 2016 Equity Authorization.
To apply for an Equity Authorization please submit a completed Additional Equity Application to your Portfolio Manager.
Tax credit budgets are limited and tax credits are available on a first come first serve basis. VCCs and EBCs are encouraged to claim tax credits as soon as possible.
2015 Tax Budget Year
The 2015 Tax Budget Year ended on February 29, 2016.
All EBCs and VCCs that raised equity during the 2015 tax budget year should now have claimed tax credits for their investors through the eTCA.
Small amounts of tax credit funds are still available for those EBCs and VCCs that have not already claimed tax credits. Those registrants still wanting to claim tax credits should send copies of their investors' Share Purchase Reports to their Portfolio Manager, who will determine if funds are still available.